SCIENTIFIC APPROACH TO DETERMINING THE VECTORS OF INNOVATIVE DEVELOPMENT OF INDUSTRIAL ENTERPRISES
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 an...
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| Format: | Article |
| Language: | English |
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Izdevnieciba “Baltija Publishing”
2021-09-01
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| Series: | Baltic Journal of Economic Studies |
| Subjects: | |
| Online Access: | http://baltijapublishing.lv/index.php/issue/article/view/1280 |
| _version_ | 1818203332792025088 |
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| author | Alla Dunska Kateryna Boiarynova Maryna Kravchenko |
| author_facet | Alla Dunska Kateryna Boiarynova Maryna Kravchenko |
| author_sort | Alla Dunska |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-12-12T03:23:40Z |
| format | Article |
| id | doaj.art-922ad2b3242049e9aa404487f42b617d |
| institution | Directory Open Access Journal |
| issn | 2256-0742 2256-0963 |
| language | English |
| last_indexed | 2024-12-12T03:23:40Z |
| publishDate | 2021-09-01 |
| publisher | Izdevnieciba “Baltija Publishing” |
| record_format | Article |
| series | Baltic Journal of Economic Studies |
| spelling | doaj.art-922ad2b3242049e9aa404487f42b617d2022-12-22T00:40:06ZengIzdevnieciba “Baltija Publishing”Baltic Journal of Economic Studies2256-07422256-09632021-09-017423124210.30525/2256-0742/2021-7-4-231-2421280SCIENTIFIC APPROACH TO DETERMINING THE VECTORS OF INNOVATIVE DEVELOPMENT OF INDUSTRIAL ENTERPRISESAlla Dunska0Kateryna Boiarynova1Maryna Kravchenko2National Technical University of Ukraine «Igor Sikorsky Kyiv Polytechnic Institute», UkraineNational Technical University of Ukraine «Igor Sikorsky Kyiv Polytechnic Institute», UkraineNational Technical University of Ukraine «Igor Sikorsky Kyiv Polytechnic Institute», UkraineThe 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.http://baltijapublishing.lv/index.php/issue/article/view/1280innovative developmentvectorsindustrial enterprisemethodical approach |
| spellingShingle | Alla Dunska Kateryna Boiarynova Maryna Kravchenko SCIENTIFIC APPROACH TO DETERMINING THE VECTORS OF INNOVATIVE DEVELOPMENT OF INDUSTRIAL ENTERPRISES Baltic Journal of Economic Studies innovative development vectors industrial enterprise methodical approach |
| title | SCIENTIFIC APPROACH TO DETERMINING THE VECTORS OF INNOVATIVE DEVELOPMENT OF INDUSTRIAL ENTERPRISES |
| title_full | SCIENTIFIC APPROACH TO DETERMINING THE VECTORS OF INNOVATIVE DEVELOPMENT OF INDUSTRIAL ENTERPRISES |
| title_fullStr | SCIENTIFIC APPROACH TO DETERMINING THE VECTORS OF INNOVATIVE DEVELOPMENT OF INDUSTRIAL ENTERPRISES |
| title_full_unstemmed | SCIENTIFIC APPROACH TO DETERMINING THE VECTORS OF INNOVATIVE DEVELOPMENT OF INDUSTRIAL ENTERPRISES |
| title_short | SCIENTIFIC APPROACH TO DETERMINING THE VECTORS OF INNOVATIVE DEVELOPMENT OF INDUSTRIAL ENTERPRISES |
| title_sort | scientific approach to determining the vectors of innovative development of industrial enterprises |
| topic | innovative development vectors industrial enterprise methodical approach |
| url | http://baltijapublishing.lv/index.php/issue/article/view/1280 |
| work_keys_str_mv | AT alladunska scientificapproachtodeterminingthevectorsofinnovativedevelopmentofindustrialenterprises AT katerynaboiarynova scientificapproachtodeterminingthevectorsofinnovativedevelopmentofindustrialenterprises AT marynakravchenko scientificapproachtodeterminingthevectorsofinnovativedevelopmentofindustrialenterprises |