Entrepreneurship and Sustainability Issues is a peer-reviewed journal which publishes original research papers and case studies

The economy is in a state of transformation into a new system, and it is quite realistic that economic entities will be under the influence of certain risky moments. The process of risk analysis and management should be considered by an enterprise as an integral part of enterprise management in extreme conditions of the economic development trajectory and be a guarantor of financial insurance. The goal of this study is the formation of a process approach in enterprise management—the creation of a universal risk management system based on the proposed risk management model to minimize the financial risks of an enterprise. We propose a risk management system that influences the forecasting of financial stability of an enterprise. To form the risk management system, we propose a model of an organisational system, the structural elements of which correspond to the principles of completeness, information capacity and consistency. We identified the diversity of direct and inverse relationships between factorial and productive characteristics, which indicates the complexity of the organisational system management process. The presence of “bottlenecks” in the implementation of expert systems tools was also noted. This was expressed in the difficulty of acquiring the knowledge necessary for the development of meaningful systems and structuring the knowledge gained in a form that is convenient for use. We used the method of qualitative modelling using the apparatus of weighted directed graphs. The study allowed us to formulate a list of factors that characterize the main activities of an enterprise in order to form a mathematical model of enterprise risk management. The developed predictive model is used to simulate extreme events and risks in the process of enterprise development, as one of the foundations of the enterprise management system in the conditions of economic transformation.

The purpose of this article is to present the results of the ongoing study of the University digital transformation on the basis of a comprehensive theoretical model. The article describes a conceptual model of the University digital transformation formed based on the comprehensive quantitative and qualitative analysis of potential ecosystem participants in line with the requirements of changing external conditions. The authors list the current results of the transformation and strategic plans considering any achievements adjustment. The National University of Science and Technology “MISiS” (NUST MISiS) has been used as an experimental basis for the research. The key achievement of NUST MISiS such as a digital ecosystem is described in this article. The digital environment of NUST MISiS considers the needs of the University staff and students and contributes to achieving the strategic goals.

The article deals with the problem of processing, utilization and recycling of the waste household appliances and electronics and the potential scenarios of its solution. Firstly, the topicality of the problem is connected with the fact that an average computer contains 0.09 g of gold, up to 1.1 g of silver, 0.4 kg of aluminum, 0.2 kg of copper as well as iron and plastic. The materials mentioned can be regarded as a valuable resource. Also there are dangerous materials which should not enter the environment. On the other hand, the cost of recycling and extraction of these materials exceeds their value. The article also studies how the general economic and innovative development of the country and the degree of the government intervention in the innovation area affect the development of the new economics model. The authors reveal the difference of priorities for developed and developing countries during the transition to the closed loop economics. They also study the features of legislation in the European countries and those of the Asian region. To stimulate the development of the recycling industry the authors suggest using income tax allowances.

Complicated, diverse, multidirectional institutional processes, taking place around the world, have led to the fact, that in modern conditions the priority direction for disclosing of information about the reporting entity activities to its stakeholders is corporate integrated reporting. It is increasingly acting as a new effective management tool that provides the necessary information connectivity and completeness of disclosure of information on sustainable business development. The article is devoted to one of the effective methods used in the preparation of integrated corporate reporting: internal self-assessment of the organization. The authors substantiate the need for internal self-assessment in order to prepare integrated corporate reporting; made proposals for the development of methods of the organization self-assessment; formed several proposals to improve the organizational and methodological support of the procedure of its implementation; disclosed the main content of the stages of internal self-assessment of the organization. The peculiarity of the proposed methodological solution is the focus on in-depth analysis of the existing business model, the assessment of the contribution of all types of capitals to the result of the organization, taking into account the features of the internal and external environment and industry specifics. The practical application of the proposed methodology as one of the tools of corporate governance allows to increase the level of standardization of integrated reporting and to ensure optimal management of financial and non-financial information flows.

Rare earth metals (REM) with magnetic properties find application in the recently developed high-tech industries. Sensor magnetic systems based on neodymium are increasingly in demand in modern engineering and geological surveys due to their favorable combination of properties of magnetic materials based on rare earth metals. One of the problems is to obtain high-quality materials for the production of such magnetic sensors. It should be noted that the high activity of REM does not allow obtaining master alloys and REM-based alloys from metallic materials; it is advisable to use halide compounds. This work discusses a method for producing neodymium fluoride from its oxide. REM fluorides can be obtained by fluorinating the oxides of these metals. Various fluorine-containing compounds or elemental fluorine are usually used as fluorinating reagents, which have their own advantages and disadvantages. The thermodynamic and technological analysis of neodymium fluoride production processes has shown the most acceptable fluorinating agent is ammonium hydrofluoride, which was used in this work. In order to increase the productivity and degree of chemical transformation, it was proposed to perform heating stepwise; i.e., at the initial stage, heat at a speed of 3 degrees per minute, after which the heating speed was reduced to 2 degrees per minute, and finally the speed was reduced to 1 degree per minute. Due to proposed heating mode, the same productivity and yield of chemical transformation were achieved, with an increased efficiency up to 30%, which can significantly reduce the cost of production. The obtained product is used in the production of neodymium-based alloys by metallothermic reduction of a mixture of fluorides. The sensor material obtained in this way is characterized by a low (less than 0.05%) oxygen content.