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Human and Natural Capital Reproductive Function in the Economy of Sustainable Innovative Development: Ways of Installation into the System of Strategic Management

Human and Natural Capital Reproductive Function in the Economy of Sustainable Innovative Development: Ways of Installation into the System of Strategic Management

Journal of Economic Regulation, , Vol. 9 (no. 4),

The relevance of this study is determined by the constantly increasing increment of the high-quality human and natural resources importance in the modern processes of reproduction of hierarchically organized socio-economic systems. Effective strategic management of anthropological and ecological capital is a key condition for increasing the sustainability of innovative development of the economy and society. The purpose of the study is to substantiate the ways of installing human and natural capital that perform a significant reproductive function in the economy of sustainable innovative development into the system of strategic management. To achieve the goal of the study, such problematic tasks as systematization of fundamentally new approaches to the socio-economic systems’ strategic management aimed at anthropological and ecological resources incrementing, characteristics of human and natural capital that affect the degree of sustainability of socio-economic trajectories structural view, the human and natural resources innovation reproduction function specifics identification, the human and natural capital reproduction (increment) strategies in the system of managing sustainable innovative development of the economy justification and empirical verification were solved. The novelty of the author's approach consists in substantiating the directions for integrating the structural model of human and natural capital as an important resource-reproduction component of sustainable innovation development of the economy into the system of strategic management. The results of the author’s developments in the area of the human and natural capital reproductive function in the strategic management system installation approbation can serve as the basis for the formation of an effective regulatory mechanism ensuring an increased degree of sustainability of the innovation-oriented development of the economy trajectory under fluctuations of the global socio-economic system.

Keywords: human capital; natural capital; reproductive function; the economy of sustainable and innovative development; strategic management

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