Actual problems of innovative economy and law

Journal "Actual problems of innovative economy and law" is included in category B for specialties: in the field of knowledge "Management and administration": 073, 076 (order of the Ministry of Education and Science of Ukraine dated 23.08.2023 No. 1035) and 071, 072, 075 (order of the Ministry of Education and Science of Ukraine dated 12.20.2023 No. 1543); in the field of knowledge "Social and behavioral sciences" 051 (order of the Ministry of Education and Science of Ukraine dated August 23, 2023 No. 1035); in the field of knowledge "Law" - 081 and "Public management and administration" - 281 (order of the Ministry of Education and Science of Ukraine dated 12.20.2023 No. 1543).
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Methodological approach to determining an effective sustainable development strategy for metallurgical enterprises in Ukraine

# 22 110-115 Download/view the full text of the article

УДК: 330.3

DOI: https://doi.org/10.36887/2524-0455-2024-6-22

Yang Buyun,
postgraduate student at the Karazin Business School,
V. N. Karazin Kharkiv National University (Kharkiv, Ukraine),
https://orcid.org/0000-0002-2832-6665

The relevance of determining sustainable development strategies for metallurgical enterprises is driven by the acute need to maintain economic resilience and competitiveness in conjunction with environmental safety and social responsibility, particularly under crisis conditions. Significant challenges posed by military actions, the destruction of logistics chains, market instability, and shortages of qualified personnel necessitate the formation of a comprehensive planning approach. The article aims to develop a methodological approach for determining an effective, sustainable development strategy for metallurgical enterprises in Ukraine, considering the economic, social, and environmental development level and the degree of impact and manageability of external ecological factors under crisis conditions. A range of quantitative and qualitative methods was employed in this study. An additive convolution of principal components was used to evaluate the integrated indicator of sustainable development, making it possible to aggregate various variables characterizing enterprises’ economic, social, and environmental development. The fuzzy sets methodology and cluster analysis were applied to assess the impact of external environmental factors and the possibility of managing them. This enabled a quantitative representation of both critically destabilizing and stimulating factors. Using cluster analysis, enterprises were grouped according to their level of sustainable development. With the help of decision trees, each cluster’s corresponding sustainable development strategies were formulated, allowing enterprises to construct an individual transformation trajectory that considers the influence of external environmental factors. The proposed methodological approach to determining an effective, sustainable development strategy for metallurgical enterprises under wartime conditions provides tools for coordinating actions at the economic, environmental, and social levels, considering the current situation and the influence of the external environment.

Keywords: sustainable development, methodological approach, crisis conditions, strategy, metallurgical enterprises.

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The article was received 20.10.2024

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Yang Buyun. 20.10.2024. Methodological approach to determining an effective sustainable development strategy for metallurgical enterprises in Ukraine. The journal "Actual problems of innovative economy and law". 2024 / #6. 110-115pp. https://doi.org/10.36887/2524-0455-2024-6-22

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Yang Buyun. "Methodological approach to determining an effective sustainable development strategy for metallurgical enterprises in Ukraine". The journal "Actual problems of innovative economy and law". 20.10.2024. https://doi.org/10.36887/2524-0455-2024-6-22

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