SCIENTIFIC APPROACH TO DETERMINING THE VECTORS OF INNOVATIVE DEVELOPMENT OF INDUSTRIAL ENTERPRISES

##plugins.themes.bootstrap3.article.main##

##plugins.themes.bootstrap3.article.sidebar##

Published: Sep 27, 2021

  Alla Dunska

  Kateryna Boiarynova

  Maryna Kravchenko

Abstract

The purpose of the paper is to form a scientific and methodological approach to determining the vectors of innovative development of industrial enterprises as a tool for establishing the trajectory of innovation in terms of development of innovation potential and environmental impact. Correlation analysis of these factors as indicators of external (external environment of the enterprise) and internal (innovative potential) environment based on the nature and direction of influences allows to establish the vector of development, and the construction of a forecast model of economic results confirms its correctness. Methodology. The research used its own methodological developments, correlation analysis, formed the parameters of the external environment, innovation potential, the results of enterprises. The approach was tested at the enterprises of the pulp and paper industry of Ukraine, which proved its effectiveness and efficiency. Results. The ideology of the proposed approach on the combination of organizational and managerial aspects of innovative development with economic indicators is formed and substantiated. The types of target innovation orientation of the enterprise, which is formed into a bipolar matrix, are determined. Based on the corresponding trajectory of the transition between the components of the matrix, three key vectors of development are formed: innovation-adaptive, innovation-balanced, innovation-concentrated. Practical implications. On the example of enterprises of the pulp and paper industry their vectors of development, forecast indicators of profit and sales revenues as an economic effect of following the vector direction and the trajectory of innovation are designed. Value/originality. The developed scientific and methodological approach involves the establishment of the vector of innovative development of the enterprise on the interdependence of innovation potential and the nature of the impact of the external environment, which provides an opportunity to predict the results of its operation.

How to Cite

Dunska, A., Boiarynova, K., & Kravchenko, M. (2021). SCIENTIFIC APPROACH TO DETERMINING THE VECTORS OF INNOVATIVE DEVELOPMENT OF INDUSTRIAL ENTERPRISES. Baltic Journal of Economic Studies, 7(4), 231-242. https://doi.org/10.30525/2256-0742/2021-7-4-231-242
Article views: 420 | PDF Downloads: 196

##plugins.themes.bootstrap3.article.details##

Keywords

innovative development, vectors, industrial enterprise, methodical approach

References

Boiarynova, K., Kopishynska, K., & Hryhorska, N. (2019). Economic and management approach to defining effective projects for enterprise development under risks and uncertainty. Problems and Perspectives in Management, 17(4), 299–313. DOI: https://orcid.org/10.21511/ppm.17(4).2019.25

Chesbrough, H. W. (2003). Open innovation: the new imperative for creating and profiting from technology. Boston, Massachusetts: Harvard Business School Press.

Chesbrough, H. W. (2006). Open business models: how to thrive in the new innovation landscape. Harvard: Harvard Business School Press.

Christensen, C. M. (1997). The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail. Boston, MA: Harvard Business School Press.

Drucker, P. F. (1993). Post-capitalist society. New York: Harper Business.

Dunska, A. R. (2013). Indicators of evaluation of innovative potential of development of an industrial enterprise in the conditions of the world market. Bulletin of the National Technical University «KhPI». Series: Technical progress and production efficiency, 44 (1017), 48–58. (in Ukrainian)

Gavrysh, О. A., Dunska, A. R., Zhygalkevich, Zh. M., & Kravchenko, M. O. (2019). Innovatsiini zasady rozvytku promyslovykh pidpryiemstv v umovakh intehratsii v svitovyi ekonomichnyi prostir. Kyiv: Politekhnika. (in Ukrainian)

Freeman, C., Clark, J., & Soete, L. (1982). Unemployment and Technical Innovation: A Study of Law. W.L.

Gavrysh, О., & Boiarynova, K. (2017). The methodological approach to monitoring of the economic and functional state of innovation-oriented machinery engineering enterprises at the modern technological modes. Economic Annals-XXI, 164 (3–4), 65–70. DOI: https://orcid.org/10.21003/ea.V164-15

Glass, J., & Stanley, J. (1976). Statisticheskie metody v pedagogike i psihologii [Statistical methods in pedagogy and psychology]. Moscow: Progress. (in Russian)

Glazyev, S. Yu. (2012). Sovremennaya teoriya dlinnykh voln v razvitii ekonomiki [Modern theory of long waves in economic development]. Economic science of modern Russia, 2 (57), 27–42. (in Russian).

Gloor, P. A. (2006). Swarm creativity: competitive advantage through collaborative innovation networks. New York: Oxford University Press.

Hayek, F. A. (2001). Individualism and economic order. Moscow: Izograf.

Hwang, V. W., & Horowitt, G. (2012). The Rainforest: The Secret to Building the Next Silicon Valley; Regenwald: Los Altos Hills, CA, USA.

Itskowitz, G. (2010). Triple Helix. Universities – enterprises – state. Innovation in action. Trans. from English. Tomsk: Tomsk Publishing House. State University of Control Systems and Radio Electronics. (in Russian)

Jansen, F. (2000). The age of innovation. London: Prentice Hall.

Kleiner, G. B. (2012). Sistemnaya ekonomika – novoye napravleniye v ekonomicheskoy teorii [System economics – a new direction in economic theory]. Kazan: KFU. Available at: https://www.kpfu.ru/docs/F722052917/KazanKFU.ppt (in Russian)

Kondratieff, N. D. (2003). Bol'shiye tsikly kon"yunktury i teoriya predvideniya. Izbrannyye trudy [Large Cycles of Conjuncture and the Theory of Foreseeing. Selected Works]. Voprosy Ekonomiki, 8, 153–154. DOI: https://doi.org/10.32609/0042-8736-2003-8-153-154

Kornai, J. (2002). Sistemnaya paradigma v ekonomike [System paradigm in economics]. Economic issues, 4, 17–23. (in Russian)

Kravchenko, M. (2017). Econometric analysis of machine-building enterprises’ sustainability in the context of neo-system paradigm. Scientific Papers of the University of Pardubice. Series D : Faculty of Economics and Administration, no. 41, vol. XXIV, pp. 79–89.

Porter, M. E. (1980). Competitive strategy: techniques for analyzing industries and competitors. Toronto: The Free Press.

Schumpeter, J. (1934). Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle. Harvard University Press, Cambridge, MA.

Yakovets, Yu. V. (2004). Epohalnyie innovatsii XXI veka [Epochal innovations of the XXI century]. Moscow: Ekonomika. (in Russian)

Zgurovsky, M. (2003). Suspilstvo znan ta informatsiyi – tendentsiyi, vyklyky, perspektyvy [Society of knowledge and information – trends, challenges, prospects]. Dzerkalo tyzhnya. Available at: http://gazeta.dt.ua/ECONOMICS/suspilstvo_znan_ta_informatsiyi__tendentsiyi,_vikliki,_perspektivi.html (in Ukrainian)