This analysis assesses the efficiency of gold mining operations through a multifactor model, highlighting innovation's role.
The article considers the main issues of developing a multifactor model for assessing the impact of innovation on the efficiency of business operations of a gold mining company. An approximate list of key performance indicators (KPI) used to assess the business operations of a gold mining company is compiled. An example of using KPI to assess the efficiency of a gold mining company is presented. Types of innovations in gold mining and their impact on operations are considered. An example of assessing the impact of innovation on key performance indicators is described. The financial impact of innovation on efficiency is characterized. The indirect impact of innovation on the sustainability and reputation of a gold mining company is clarified. A hierarchical structure of a multifactor model of the impact of innovation on efficiency in gold mining is developed. The main factors and their impact are described. An integrated model of the impact of innovations on the efficiency of a gold mining company is proposed in the form of a block diagram.
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Brajesh Kumar (2024) studied this question.
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