FACTORS INFLUENCING THE FORMATION OF COMPONENTS OF THE ORGANIZATIONAL AND ECONOMIC MECHANISM OF INNOVATIVE DEVELOPMENT

Valentyna Semenova Odesa National University of Economics, Preobrazhenska Str., 8, Odesa, 65082, Ukraine https://orcid.org/0000-0001-5194-4878
Serhiy Hryb Odesa National University of Economics, Preobrazhenska Str., 8, Odesa, 65082, Ukraine https://orcid.org/0009-0008-5144-4134

Keywords: Innovative Development, Factors, Organizational and Economic Mechanism, Institutional Component, Financial Component, Information Component, Intellectual Capital, Research and Development Component

Abstract

The crisis, exacerbated by the Russian Federation's military aggression in Ukraine, is increasing the losses of domestic enterprises and forcing them to seek new approaches to organizing their activities. As the experience of developed countries shows, it is precisely the focus on innovative development that is the real direction for increasing the competitiveness of an enterprise, strengthening its competitive advantages, and increasing its profitability. The purpose of the study is to identify the main factors shaping the components of the organizational and economic mechanism of innovative development. To achieve the research goal, the following general scientific and special scientific methods were used: structural-logical analysis; critical analysis; scientific cognition; detailing and synthesis; comparative analysis; forecasting. The results of the analysis indicate the existence of systemic problems in innovative development in Ukraine. The number of innovation-active enterprises is decreasing, which is primarily due to the insufficient volume and limited sources of funding for innovative activities. It is necessary to change management approaches to innovation processes both at the state (regional) level and at the level of individual enterprises.

An important direction is the formation of an organizational and economic mechanism for innovative development, focused on comprehensive promotion of the processes of implementing innovative programs and projects in the activities of entrepreneurial structures in a strategic perspective. The components of such a mechanism include: institutional, financial, informational, intellectual capital, and research components. Each of these elements is aimed at ensuring specific aspects of innovative development and solving problematic tasks to maximize the promotion of innovative processes. To form an effective organizational and economic mechanism, the main groups of factors have been identified for each component. Taking into account the impact of the identified factors will contribute to more effective implementation of innovative activities and the achievement of innovative development goals.

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Author Biographies

Valentyna Semenova, Odesa National University of Economics, Preobrazhenska Str., 8, Odesa, 65082, Ukraine

D.Sc. (Economics), Professor

Serhiy Hryb, Odesa National University of Economics, Preobrazhenska Str., 8, Odesa, 65082, Ukraine

postgraduate student

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