INCREASING THE COMPETITIVENESS OF THE TIMBER INDUSTRY COMPLEX BY MEANS OF INNOVATIVE DEVELOPMENT-Reference-Cited by-同舟云学术

INCREASING THE COMPETITIVENESS OF THE TIMBER INDUSTRY COMPLEX BY MEANS OF INNOVATIVE DEVELOPMENT

Published:2021-07-16 Issue:2 Volume:9 Page:7-17
ISSN:2308-8877
Container-title:Actual directions of scientific researches of the XXI century: theory and practice
language:en
Short-container-title:

Author:

Butko Galina¹,Yakovenko Nataliya²

Affiliation:

1. Ural State University of Economics

2. oronezh State University of Forestry and Technologies named after G.F. Morozov

Abstract

Management of the competitiveness of the regional forestry sector is defined by social, economic, environmental, institutional and other factors as an impact on the regional forestry sector and its actors in order to create and strengthen competitive advantages in the domestic and foreign markets, to maintain the integrity and sustainable development of the sector, reflected in the indicators that characterise the state of competitiveness. The availability and condition of forest capital is studied on a time-discounting basis, taking into account factors such as forest maturity and logging turnover. Based on the strategic level of forest capital competitiveness, the degree of implementation of the forest capital competitiveness strategy is determined in two ways: a) forest capital competitiveness based on traditional technologies; b) forest capital competitiveness based on innovations. To assess the competitiveness of forest capital, it is proposed to use the indicator "Estimated incremental value of forestry capital". In the authors' opinion, the calculation of this indicator should be defined as the ratio of financial flow in the form of the sum of net profit and depreciation to the value of assets. The proposed author's approach makes it possible to estimate innovation resources, the application of which will make it possible to identify priority areas of innovative growth of the timber industry complex and select priority areas of its innovative development.

Publisher

Voronezh State University of Forestry and Technologies named after G.F. Morozov

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