Strategic approach to assessing economic sustainability objects of mineral resources sector of Russia
Стратегический подход к оценке экономической устойчивости объектов минерально-сырьевого сектора России
2019-06-25
SCID: 54.1/cvchppas
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4 × 6 matrix formalismBalanced Scorecardeconomic sustainabilitymineral resources sectorstrategic maps
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Abstract (AI)
The article gives a new definition of economic systems (ES) stability with its distinct strategic content. The main approaches to assessment of sustainability, based on the use of strategic cards, including Balanced Scorecard (BSC), are considered. Synchronous management of effectiveness, risks and chances of the ES exhausts the agenda of managing economic sustainability of ES when it operates in the face of a wide range of challenges. BSC in mineral resources sector (MRS) can be built during the aggregation of BSC by industry and individual enterprises. The use of 4 ´ 6 matrix formalism is proposed as the main tool for modeling economic sustainability of the ES.
Key Findings
1
A Balanced Scorecard for Russia’s mineral resources sector can be constructed by aggregating industry-level and individual-enterprise scorecards.
2
It reviews sustainability-assessment approaches based on strategic maps, including the Balanced Scorecard (BSC).
3
Managing effectiveness, risks, and opportunities synchronously is presented as sufficient for economic-sustainability management under broad challenges.
4
The 4×6 matrix formalism is proposed as the primary tool for modeling economic sustainability of economic systems.
5
The article introduces a new definition of economic-system stability that explicitly incorporates strategic content.
Research Object
economic systems (ES) of Russia’s mineral resources sector
Research Subject
strategic assessment and modeling of economic sustainability through integrated management of effectiveness, risks, and opportunities using Balanced Scorecards and a 4×6 matrix
Publication Details
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2019-06-25
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