Selection of business models in unstable conditions in mining companies

Abstract

This paper aims to rank business models for successfully overcoming socio-economic instability through criteria using an appropriate multicriteria decision-making method (MCDM). In this paper, the AHP method was used to calculate the difficulty criteria. The literature review identified and analyzed six business models: digital business models where companies will be found, competitive advantage models, global, deglobal, market models based on new products and services and customer-built business models. The findings of this research improve the understanding of several business models on the basis of which the management of mining companies can successfully overcome the socio - economically unstable situation.

Keywords

• business models
• unstable situation
• mining companies