International Scientific Journals
of Scientific Technical Union of Mechanical Engineering "Industry 4.0"

With the development of the world, innovative technologies are increasingly used for the purpose of faster, higher quality and cheaper production of machine parts and household materials. Advantages and disadvantages of conventional and innovative production of metal and polymer products are presented, as well as the possibility of replacing metal parts with plastic ones. The mechanical parameters of different types of materials produced through traditional and innovative production are compared. The comparative analysis shows that both conventional and modern 3D manufacturing have their place in modern industry, taking into account all factors and applications.

It is established that the main activities include: exercising control over the rational use of resources; reducing the cost of using and maintaining outdated equipment; increasing of production capacity; upgrading of equipment; improvement of production technology; production of unique products and improvement of their quality; diversification; automation of the production process by eliminating manual labor; reduction of pollutant emissions, search for new sources of raw materials; rational use of working capital and fixed assets. It is noted that marketing directions in the process of monitoring and adjusting the strategy, diagnostics and finding prospects for its further use include a set of actions concerning: exploring new markets for products; use of discount system for goods and services; application of modern pricing methods; product updates; production of new products according to existing orders; new methods of product promotion; improving customer service. The financial directions in the process of monitoring and adjusting the strategy, diagnostics and finding prospects for its further use are determined, they are aimed at providing the process of development and implementation of the IA strategy with sufficient financial resources, correlation of the planned effect with the achieved, estimation of the amount of expenses for carrying out research works, development technologies, their introduction into production, production of new products, its supply, search for consumers. The justified use of financial directions in the process of monitoring and adjusting the strategy, diagnostics and finding prospects for its further use allows to create some methods of protection from risks impact, to improve financial activity of the enterprise, to rise the effectiveness of IA organization, to increase sales volumes.. The factors of influence on the development of innovation strategy and the development of innovation activity of industrial enterprises are suggested.

The classifications of innovation strategy of industrial enterprises are investigated: their advantages and disadvantages are determined. Classifications of innovation strategy of industrial enterprises are improved. Classification features, types of strategies of innovation activity of industrial enterprises are characterized. The expediency of using a certain innovation strategy of industrial enterprises is substantiated.

The essence of the concept “management of the strategy of innovation activity” is explored. The groups of factors of the external and internal environment that influence the management of the strategy of innovative activity of industrial enterprises are distinguished. The necessity of using methods and tools that will reduce or neutralize the factors of the external and internal environment and increase the effectiveness of the strategy of innovative activity of industrial enterprises is substantiated. The author’s definition of the theoretical essence of “management of the strategy of innovation activity” is proposed.

The factors effecting evaluation of industrial enterprises` business plan risks have been defined. Types of risks, their characteristics and insurance forms have been studied amid current business environment. It has been pointed out that the criteria themselves are not enough to accept a project by an industrial enterprise. It has been proved that project`s decision making has to meet all the criteria and stakeholders’ interests of an investment project. The criteria based on value changes over time, which can be taken into account when evaluating comparable amounts of money separated by time, have been suggested.

It has been proposed to the main stages of controlling based on its business investment principles. The main features of certain types of business investment controlling have been given. An example of a priorities system of an enterprise net investment returns` controlled indicator has been formed. It has been proposed the key stages of the monitoring system` building regarding investment activity controlled indices`. Business investment activity monitoring system has been worked out.

Uranium mines operate in some 20 countries, though in 2017 some 53% of world production came from just ten mines in four countries, with these four countries providing 77% of the world’s mined uranium. Countries have different degrees of sovereign risk affecting their attractiveness for mining investment, different royalty and tax regimes, and different availability of skilled workers. These factors will have already influenced the mineral exploration which has led to the identification of an orebody before any mining issue has arisen.