INNOVATION IN MANAGEMENT - THE GUARANTEE OF SUSTAINABLE BUSINESS
The article identifies the role of innovation in management as a basis for sustainable business. Today fully shows the impact of business, especially small and medium, on the economy as a whole. The relevance of this article in quarantine has only increased, because in order to survive this battle w...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
V. N. Karazin Kharkiv National University
2021-07-01
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| Series: | Фінансово-кредитні системи: перспективи розвитку. |
| Subjects: | |
| Online Access: | https://periodicals.karazin.ua/fcs/article/view/17587 |
| _version_ | 1797645686555017216 |
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| author | Nataliia Iziumtseva Prashant Chaudhari Julia Gorbunova |
| author_facet | Nataliia Iziumtseva Prashant Chaudhari Julia Gorbunova |
| author_sort | Nataliia Iziumtseva |
| collection | DOAJ |
| description | The article identifies the role of innovation in management as a basis for sustainable business. Today fully shows the impact of business, especially small and medium, on the economy as a whole. The relevance of this article in quarantine has only increased, because in order to survive this battle with a very dangerous virus and not decline, the company needs to activate innovation in its work. In today's conditions and fast pace of change to remain stable and competitive, organizations need to surprise, create something new and unknown to anyone before. In addition to the importance and impact of business on the Ukrainian economy, the article examines the emergence of innovative technologies in business process management, presents scientists, both foreign and domestic, who have studied this topic, and based on their work in the history of business management and innovation. Some aspects of the impact on socio-economic relations are revealed. Also, when studying this issue, the possibility of solving problems, if they arise, by studying and considering certain criteria, where weaknesses will be identified in the points that can be overcome by choosing a specific approach. Like any system, business process management has its drawbacks, so the work revealed the shortcomings of the mechanism of innovative development of enterprises. In addition, the importance of the human worker was considered as an important element of the organization system, as taking into account human qualities and the importance of employees is the driving force of enterprise stability. The importance of considering the employee as an individual and its significance, will reduce the outflow of cards, which will only strengthen the company and its status. The paper also considers the role of staff for the competitiveness of the enterprise, its impact on competitiveness, originality, quality of goods. |
| first_indexed | 2024-03-11T14:50:26Z |
| format | Article |
| id | doaj.art-128951e302214b85857a7e0867bfbd54 |
| institution | Directory Open Access Journal |
| issn | 2786-4995 2786-5002 |
| language | English |
| last_indexed | 2024-03-11T14:50:26Z |
| publishDate | 2021-07-01 |
| publisher | V. N. Karazin Kharkiv National University |
| record_format | Article |
| series | Фінансово-кредитні системи: перспективи розвитку. |
| spelling | doaj.art-128951e302214b85857a7e0867bfbd542023-10-30T09:27:52ZengV. N. Karazin Kharkiv National UniversityФінансово-кредитні системи: перспективи розвитку.2786-49952786-50022021-07-0111556110.26565/2786-4995-2021-1-0617587INNOVATION IN MANAGEMENT - THE GUARANTEE OF SUSTAINABLE BUSINESSNataliia Iziumtseva0Prashant Chaudhari1Julia Gorbunova2V.N. Karazin Kharkiv National UniversityPatil School of EngineeringV.N. Karazin Kharkiv National UniversityThe article identifies the role of innovation in management as a basis for sustainable business. Today fully shows the impact of business, especially small and medium, on the economy as a whole. The relevance of this article in quarantine has only increased, because in order to survive this battle with a very dangerous virus and not decline, the company needs to activate innovation in its work. In today's conditions and fast pace of change to remain stable and competitive, organizations need to surprise, create something new and unknown to anyone before. In addition to the importance and impact of business on the Ukrainian economy, the article examines the emergence of innovative technologies in business process management, presents scientists, both foreign and domestic, who have studied this topic, and based on their work in the history of business management and innovation. Some aspects of the impact on socio-economic relations are revealed. Also, when studying this issue, the possibility of solving problems, if they arise, by studying and considering certain criteria, where weaknesses will be identified in the points that can be overcome by choosing a specific approach. Like any system, business process management has its drawbacks, so the work revealed the shortcomings of the mechanism of innovative development of enterprises. In addition, the importance of the human worker was considered as an important element of the organization system, as taking into account human qualities and the importance of employees is the driving force of enterprise stability. The importance of considering the employee as an individual and its significance, will reduce the outflow of cards, which will only strengthen the company and its status. The paper also considers the role of staff for the competitiveness of the enterprise, its impact on competitiveness, originality, quality of goods.https://periodicals.karazin.ua/fcs/article/view/17587innovationstechnologiesinnovative technologiesinnovative activitybusinesspersonnel |
| spellingShingle | Nataliia Iziumtseva Prashant Chaudhari Julia Gorbunova INNOVATION IN MANAGEMENT - THE GUARANTEE OF SUSTAINABLE BUSINESS Фінансово-кредитні системи: перспективи розвитку. innovations technologies innovative technologies innovative activity business personnel |
| title | INNOVATION IN MANAGEMENT - THE GUARANTEE OF SUSTAINABLE BUSINESS |
| title_full | INNOVATION IN MANAGEMENT - THE GUARANTEE OF SUSTAINABLE BUSINESS |
| title_fullStr | INNOVATION IN MANAGEMENT - THE GUARANTEE OF SUSTAINABLE BUSINESS |
| title_full_unstemmed | INNOVATION IN MANAGEMENT - THE GUARANTEE OF SUSTAINABLE BUSINESS |
| title_short | INNOVATION IN MANAGEMENT - THE GUARANTEE OF SUSTAINABLE BUSINESS |
| title_sort | innovation in management the guarantee of sustainable business |
| topic | innovations technologies innovative technologies innovative activity business personnel |
| url | https://periodicals.karazin.ua/fcs/article/view/17587 |
| work_keys_str_mv | AT nataliiaiziumtseva innovationinmanagementtheguaranteeofsustainablebusiness AT prashantchaudhari innovationinmanagementtheguaranteeofsustainablebusiness AT juliagorbunova innovationinmanagementtheguaranteeofsustainablebusiness |