Applying international technology transfer to devise management strategies for mining and metallurgical enterprises in a circular economy

Анотація

This study investigates processes of managing enterprises in the mining and metals production sector in the framework of a circular economy based on international technology transfer. The task addressed relates to the issue of adapting strategic mechanisms of industry management to the conditions of a circular economy. The result is the construction of trend models based on actual data for 2010–2023 and extrapolated to 2024–2025. They are used as the basis for assessing business activity and determining the competitiveness of the industry and its subsectors. Special features of the study are the application of a strategic approach to managing enterprises in the mining and metals production sector based on modernization and the use of international technology transfer. The effect obtained is to enable the transition to higher technological structures, to strengthen the internal and external competitiveness of enterprises. It is shown that 2021 became a bifurcation point when the positive trend in sales growth over 2020–2021 increased from UAH 543.8 billion to UAH 959.9 billion but, during 2021–2022, it changed sharply to negative with the analyzed indicator decreasing to UAH 392.8 billion. This study's results are distinguished by the substantiation of a strategic approach to the development of the mining and metals industry in the risk-oriented environment of the circular economy. Unlike existing approaches, the proposed one is based on the synthesis of adaptive mechanisms and principles of sustainable development. The scope of the findings covers ways devised to solve the tasks of this sector's development on an innovative basis. Conditions for the practical application of the results are the design and implementation of strategic target programs for engaging enterprises from the mining and metals production sector in international technology transfer

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