Strategic risk management in innovative metallurgical investment

Abstract

Recommendations are made regarding risk reduction when investing in intellectual property. The low level of investment by metallurgical enterprises in intellectual property is explained. Methods of logical research, analysis, synthesis, and planning are employed. Approaches to strategic risk management in innovative metallurgical investment are outlined. The preconditions for innovation in metallurgical development worldwide are discussed, and corresponding innovative development strategies are formulated. Methods of risk reduction are formulated, and practical examples of investments in intellectual property that might be more attractive to metallurgical enterprises are presented.