Development of methods for managing innovation activities of economic systems

Nina Volkova,Lyubov Kosova,Vitaly Shoshinov,Ludmila Lavrova,Natalia Zemlyanskaya,A Mottaeva,B Melović

doi:10.1051/matecconf/201819305081

Abstract

The purpose of this study is to develop methods for managing innovation activities of enterprises based on the formation of an innovative growth strategy. In article substantiates and summarizes the theoretical aspects of the management of innovative activities of enterprises, systematizes the principles for the development of an effective strategy for innovative growth, explores the types of innovation strategies depending on the enterprise's objectives, industry, competitive position, and suggests methods for managing innovation. Based on the analysis of the impact of production, financial and innovation and personnel factors, an integrated indicator was developed to assess the level of innovative growth of an enterprise and an algorithm for selecting and implementing an innovation growth strategy was developed.

Highlights

The fundamental factors in the growth of any economic system are innovative, including new technology, new type of system technologies, a new organization of labor and production, and a new motivational system
In connection with the submitted target economic guidelines, the following methods of managing innovative activity based on the formation of an innovation growth strategy
Economic added value arises in the company in the event that for a given period of time it was possible to earn the return on invested capital higher than the rate of return of the investor

Summary

Introduction

The fundamental factors in the growth of any economic system are innovative, including new technology, new type of system technologies, a new organization of labor and production, and a new motivational system. Innovative growth of an enterprise is a long-term increase in the value of an enterprise on the basis of the sale of products and services produced using new technologies, as well as the application of new organizational, technical and socio-economic decisions of an industrial, financial, commercial or administrative nature [1]. The innovative growth leads to the creation and marketing of competitive products and the improvement of the economic state of production. Successful achievement of the set innovative goals requires a way of managing changes of an innovative character, that is, an innovation growth strategy

Objectives

Discussion

Conclusion