Conceptual Framework of Management of Innovative Development of Iron Ore Enterprises Cover Image

Концептуальні засади управління інноваційним розвитком залізорудних підприємств
Conceptual Framework of Management of Innovative Development of Iron Ore Enterprises

Author(s): Ruslana Zhovnovach
Subject(s): Economy, National Economy, Business Economy / Management, Micro-Economics, Socio-Economic Research
Published by: Центральноукраїнський національний технічний університет
Keywords: innovation; innovative activity; innovative development of an enterprise; management; iron ore enterprise;

Summary/Abstract: The article deals with the problem of managing innovative development of iron ore enterprises. The conceptual apparatus has been considered and the basic provisions of the concepts of innovative development of an enterprise were summarized.The current state of development of the national iron ore enterprises has been analyzed. As a result, the strategic importance of the iron ore industry for Ukraine was acknowledged. The raw material base of the national metallurgy and export orientation of the industry are based primarily on the use of the natural advantages. The main problems of the iron ore industry, related to technical and technological backwardness, high energy and resource consumption of production, significant environmental burden on the environment and sensitivity to fluctuations in the economy of the importing countries have been identified. The main reasons for the inhibition of innovative development of iron ore enterprises of normative legal, technological, financial and managerial character were singled out.It was substantiated that it is inevitable to introduce an effective management system of innovative development of iron ore enterprises for the formation of the framework of introduction of innovative measures which allowed achieving the highest effect at the existing resources.The concept of management of innovative development of an iron ore enterprise is presented. It is based on the mechanism of management of innovative activity with consideration of normative and legal support, principles, functions and methods of management. An effective system of planning and quality control of innovations is formed to achieve the objective of an enterprise activity, namely: formation of innovative portfolio and innovative policy of an enterprise on the basis of the system of state standards and monitoring of internal and the external environments to ensure the development of the enterprise through innovation. It is necessary to correctly implement the concept of innovative development in the activities of iron ore enterprises and take into account the effects of economic laws. This allows more accurately determining the essential measures and most comprehensively managing innovative development of an enterprise. As a result, it will help to achieve the main goals of the enterprise.

  • Issue Year: 2019
  • Issue No: 2 (35)
  • Page Range: 169-179
  • Page Count: 11
  • Language: Ukrainian