Mechanism of strategic management of flexible economic development of iron ore enterprises

Oleksandr Kulish


The article is based on the idea of forming the conceptual foundations of strategic management of flexible economic development of iron and ore enterprises. It is based on the definition of the optimum size of sales of products on the domestic and foreign markets, taking into account their perspective and ensuring the maximum possible level of profitability of business entities. The article emphasizes that today almost all domestic business entities operate in a crisis or after-crisis syndrome. It is noted that economic crises occur cyclically, but each time the depth of the crisis becomes larger, and the post-crisis period is ever greater. As a result, all enterprises and individuals who are experiencing the consequences of such crises are more and more difficult, and for the post-crisis period, more and more diversified resources are spent that could be directed to projects for their own development.

It is determined that the main obstacles of flexible economic development of the enterprise are the high degree of deterioration of fixed assets, low productivity, low quality of personnel, imperfection of the system of pricing on products, low investment activity of enterprises, etc. The key principles of the system of strategic management of flexible economic development of iron and ore enterprises are formed. It is proved that in today's world economy the importance of reformatting the structure and content of the strategic management system with flexible economic development of industrial enterprises and adapting their business directions to the conditions of transformational transformations of modern competitive markets becomes increasingly important.

The mathematical model describing the system of division of manufactured products for realization on several markets is developed. It is found out that the classical approach to solving such a task, which is to maximize profits, is not absolutely correct in this case. It is shown that the solution of this task is to maximize the profit from sales with the simultaneous preservation of the minimum allowable volumes of sales of products in promising markets, provided they provide the minimum reasonable profitability.

It is noted that in the strategic planning it is necessary to implement a certain part of own products in the markets which are not currently the most profitable, but in the long run may have a decent place among others for the particular enterprise. It is determined that the problem of optimization is to calculate the specific volumes of products that need to be implemented in each of the markets.

Taking into account the current transformation of market space and the need for constant adaptation of strategic management methods, the article proposes approaches to the formation of a complex system of strategic management of flexible economic development of iron ore enterprises.


strategic management; flexible economic development; iron and ore company; strategic competitiveness; strategic flexibility management

Full Text:



Kulish, O. A. (2016). Kontseptual'ni zasady stratehichnoho upravlinnya hnuchkym ekonomichnym rozvytkom promyslovykh haluzey natsional'noho hospodarstva [Conceptual principles of strategic management of flexible economic development of industrial branches of national economy]. Prychornomors'ki ekonomichni studiyi – Black Sea Economic Studies, 11, 92-96 [in Ukrainian].

Pastukhova, V. V. (2002). Stratehichne upravlinnya pidpryyemstvom: filosofiya, polityka, efektyvnist' [Strategic management of the enterprise: philosophy, politics, efficiency]. Kyyiv: Kyyiv. nats. torh.-ekon. un-t [in Ukrainian].

Lobay, R., & Fursa, M. (2013). Zabezpechennya efektyvnosti diyal'nosti pidpryyemstv budivel'noyi haluzi shlyakhom upravlinnya yiyi konkurentospromozhnistyu v systemi natsional'noyi ekonomiky [Ensuring the effectiveness of the enterprises of the construction industry by managing its competitiveness in the system of the national economy]. Efektyvnist' derzhavnoho upravlinnya – Effectiveness of public administration, 37, 399-407 [in Ukrainian].

Samochkyn, V. N. (2000). Hibkoe razvitie predpriyatiya: analiz i planirovanie [Flexible development of the enterprise: analysis and planning]. Moscow: Delo [in Russian].

Korobets'kyy, Yu. P., & Ramazanov, S. K. (2003). Imitatsiyni modeli u hnuchkomu vyrobnytstvi [Imitation Models in Flexible Production]. Luhans'k: SNU im. V. Dalya [in Ukrainian].

Shpanko, A. (2007). Pro sutnist' ponyattya «stratehichna konkurentospromozhnist'» [On the essence of the concept of "strategic competitiveness"]. Ekonomika Ukrayiny – Economy of Ukraine, 6, 45-49 [in Ukrainian].

Sytnyts'kyy, M. V. (2007). Systema upravlinnya stratehichnoyu hnuchkistyu vitchyznyanykh pidpryyemstv [The system of management of strategic flexibility of domestic enterprises]. Konkurentsiya: Visnyk Antymonopol'noho komitetu Ukrayiny – Competition: Bulletin of the Antimonopoly Committee of Ukraine, 3, 27-31 [in Ukrainian].

Khemel, H., & Prakhalad, K., & ONyl, D. (2005). Stratehycheskaya hybkost' [Strategic Flexibility]. Sankt Peterburh: Pyter [in Russian].

Afanas'yev, Ye. V., & Afanas'yev, I. Ye., & Arutyunyan, A. R. (2017). Marketynh ta menedzhment investytsiyno-innovatsiynykh proektiv u konteksti stratehiyi prosuvannya produktsiyi zalizorudnykh pidpryyemstv [Marketing and management of investment and innovation projects in the context of the strategy of promoting the production of iron ore enterprises]. Efektyvna ekonomika – Effective economy, 4. Retrieved from: [in Ukrainian].

Afanas'yev, Ye. V., & Kulish, O. A. (2015). Teoretychni ta prykladni aspekty formuvannya mekhanizmu stratehiyi upravlinnya prohresyvnym rozvytkom zalizorudnoyi haluzi Ukrayiny [Theoretical and applied aspects of forming the mechanism of the strategy of management of the progressive development of the iron ore industry in Ukraine]. Naukovyy visnyk Khersons'koho derzhavnoho universytetu – Scientific Herald of Kherson State University, 90-93 [in Ukrainian].


Article Metrics

Metrics Loading ...

Metrics powered by PLOS ALM


  • There are currently no refbacks.

Copyright (c)


Articles are distributed under Creative Commons Attribution  International 4.0 (CC-BY-NC 4.0) 

Science Works Journal "Ekonomichnyy analiz"

ISSN 1993-0259 (Print)  ISSN 2219-4649 (Online) DOI: 10.35774/econa

© West Ukrainian National University

© «Ekonomichnyy analiz», 2007-2023