The Theoretical Foundations of Innovation Management in the Sphere of Subsoil Use
Zaporozhets H. V., Orynchak O. M.

Zaporozhets, Hanna V., and Orynchak, Oksana M. (2024) “The Theoretical Foundations of Innovation Management in the Sphere of Subsoil Use.” The Problems of Economy 2:294–301.
https://doi.org/10.32983/2222-0712-2024-2-294-301

Section: Economics of Natural Resources and Environment

UDC 338.24:504

Abstract:
The article summarizes the theoretical foundations of innovation management in the sphere of subsoil use. It is noted that managerial innovations are still fuzzy and insufficiently studied in management theory and practice. As innovative management components emerged, people began to better understand that management is an important integrated factor that affects the expected performance of an economic entity. Without management, the creation and implementation of effective technologies, as well as a reasonable combination of social, informational, accounting, financial, economic and commercial factors are impossible. It is noted that, taking into account the specifics of the sphere of subsoil use, the generalization of approaches to innovation management allowed to identify that the most important is the organizational approach, which enables management to plan its activities, make effective managerial decisions on the basis of innovation. The author’s own definition of «subsoil use» is presented, which should be understood as the economic, managerial activity of State institutions, local governments, business entities, society and its individual groups, households regarding the use of subsoil for their own or commercial needs within the framework of geological exploration, mining, underground works that are not related to the extraction of minerals, protection of subsoil in scientific, geological, cultural, aesthetic, sanitary and hygienic spheres, collection of materials and samples for various purposes of scientific and practical activities. It is determined that innovation management in the sphere of subsoil use is the process of managing significant changes in labor products, means of production, services and other innovative activity, which is one of the main directions of development of social production. It is concluded that innovative management of subsoil use helps to achieve synergistic results in the industry. This includes the achievement of socioeconomic and business values and is important for the development of policies that determine how to effectively implement innovative technologies in the management system of economic entities.

Keywords: innovation management, sphere of subsoil use, theoretical foundations, efficiency, development.

Fig.: 3. Bibl.: 19.

Zaporozhets Hanna V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Management and Public Administration, O. M. Beketov National University of Urban Economy in Kharkiv (17 Marshala Bazhanova Str., Kharkіv, 61002, Ukraine)
Email: annazaporozhets2403@gmail.com
Orynchak Oksana M. – Postgraduate Student, Department of Management and Public Administration, O. M. Beketov National University of Urban Economy in Kharkiv (17 Marshala Bazhanova Str., Kharkіv, 61002, Ukraine)
Email: pressgeo16@gmail.com

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