IMPROVEMENT OF A COMPANY’S CAPITAL MODEL IN THE CONDITIONS OF MODERNIZATION OF PRODUCTION AS A FACTOR OF SUSTAINABILITY OF AN INDUSTRIAL ENTERPRISE

Abstract

In this article the main problems of modernizing the production process at industrial enterprises in the modern conditions of the Russian economy are considered. Many problems are caused by the war of sanctions against countersanctions, a drop in the growth rates of the world economy, and the specifics of the development of socioeconomic relations in the Russian Federation. Based on the analysis of the relevant factors influencing the operation of an enterprise, a model is presented that determines the interdependence of production modernization and sustainable economic development of a company. Based on the analysis of Russian and foreign literature, the main provisions of the modernization process are formulated, and an algorithm of the mechanism for implementing modernization at an industrial enterprise is presented. This mechanism takes into account the main indicators of sustainable development of an industrial enterprise and the indicators of the modernization efficiency. Presented are the proposals for improving a company's capital model, which reflects the strategic aspects of investment activities necessary for successful implementation of modernization reforms in an industrial company. 
   The obtained results are tested at a number of Russian enterprises, what led to positive results of their activities, and contributed to more sustainable development and strengthening of competitive positions.