STRATEGIC MANAGEMENT OF INNOVATIVE DEVELOPMENT OF AN INDUSTRIAL ENTERPRISE
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Abstract
The subject of the research is the conceptual, theoretical, and applied foundations of strategic management of innovative development in industrial enterprises. The article considers innovation as a key factor in shaping competitive advantages, as well as a source of new opportunities and risks that require strategic management. It is proven that the innovative development of industrial enterprises under current conditions of global turbulence, digitalization, and the post-war recovery of Ukraine’s economy is not only a factor of efficiency but also an important element in ensuring the state’s economic resilience. Methodology. The study applies a set of general scientific methods: analysis and synthesis to reveal the essence of innovation processes; induction and deduction to identify patterns in strategic management; and the monographic method to systematize scientific approaches. To assess the specifics of Ukrainian enterprises in the context of economic challenges, the case study method was used, which made it possible to highlight the peculiarities of implementing innovative strategies in the industrial sector. Purpose of the article is to substantiate theoretical and practical approaches to the formation of a mechanism for strategic management of innovative development in industrial enterprises. Results. The study shows that the mechanism of strategic management of innovative development includes interrelated blocks: analysis of internal and external environments, planning of innovation strategy, organization of processes, personnel motivation, regulation, and control. The proposed theoretical model confirms that the effectiveness of management depends on the comprehensive interaction of these elements. It is established that external innovation ecosystems — cooperation with research institutions, government bodies, suppliers, and international partners — play a key role in shaping competitive advantages. At the same time, the internal resources of an enterprise — human capital, organizational culture, financial stability, and digital technologies — determine the speed and effectiveness of innovation implementation. Special emphasis is placed on Ukrainian realities: high energy intensity of production, limited access to finance, technological gaps with leading countries, and the need for post-war industrial recovery. Under these conditions, strategic innovation management acquires dual significance — as a factor of enterprise competitiveness and as an instrument of national economic recovery. The article proves that the mechanism of strategic management of innovative development in an industrial enterprise is a complex system combining organizational, economic, technological, and social elements. Its effectiveness depends on the consistency of internal and external factors, as well as on the ability of enterprise management to adapt to global challenges. The proposed recommendations regarding the formation of an internal innovation culture, diversification of financing sources, development of partnership networks, and improvement of state policy can serve as a foundation for building a sustainable innovation-based development model.
How to Cite
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strategic management, innovative development, enterprise, innovation, innovative development model
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