Potentials of business model innovation and values-based management approaches in the mining sector

Mining is known to cause high ecological and social impacts especially due its extractive nature on one hand resources reserves mostly being located in developing or emerging economies the other hand. Thus, it can be considered have a paramount role terms of making significant contribution sustainable development. Bearing mind growing economic output generated by humans world population, no wonder that related human-driven activities never had such strong (and at same time burdening) influence biosphere resulting exceedance planetary system boundaries. The critical reflection interaction between material cycles growth essential for reducing environmental burdens from unthinking consumption patterns production, initial extraction. latest findings academia confirm this assumption point out most practitioners are already aware urgent need redefinition sector’s understanding success, taking into account needs both shareholders stakeholders. Furthermore, sector has gained an image outdated. Agrowing number decision-makers sees necessity approach business models also embraces digitalization. purpose paper analyze standard model still dominates mining industry, followed comparison recent scientific sustainability-oriented innovation values-based management derive recommendations potential sector-specific archetypes contribute redefinition.