Reengineering Approach: A Model for Providing the Effectiveness of Investment Potential Management in the Republic of Dagestan
Reengineering Approach: A Model for Providing the Effectiveness of Investment Potential Management in the Republic of Dagestan

Summary/Abstract: The great importance is attached to the problem of effective investment potential management in the Republic of Dagestan (RD), as well as throughout Russia as a whole, as to one of the tools of the country's socioeconomic development. The difficult economic situation and the delayed utilization of the republic's investment potential require the development of an understandable innovative model for providing effective investment potential management in the RD. Consequently, the relevance of the research problem is determined by the need to develop such a model for managing the region's investment potential, which through new approaches and methods could provide a solution to this problem. The purpose of the article is to substantiate and give reasons for the need to apply a reengineering approach in the investment activity of the Republic of Dagestan and present one-and-only, new innovation model for providing the effectiveness of the investment potential management in the republic, which can be used for other regions of Russia. The study has proved the theoretical significance of the effectiveness of applying the reengineering approach in investment activities and using the presented new innovative model for providing the effectiveness of investment potential management in the practice of investment management. The findings of this research could be used by various management bodies in the process of improving and developing the management system and intensifying investment activities at the regional level. The research materials can also be used in the educational processes at higher education institutions.

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