Abstract
Innovation is traditionally considered to be an effective instrument of development for industrial enterprises, even at the time of crisis. However, as practical observations show, non-systematic and inconsistence innovative changes may lead to poor results. The sustainable innovative growth is gained as a result of in-depth transformation of all the system elements. The purpose of the research is to formulate an approach to evaluating the expected effect of transformation and restructuring an industrial company and to forecast the perspectives of innovative development. The methodological basis for the research refers to the ideas of the fuzzy set theory and the axiomatic methods of analysis. The axiomatic method makes it possible to construct formalized descriptions of a company and to achieve a sufficient level of detachment. Such descriptions, or texts, may be interpreted by managers as concise information for decision-making. The results of the research find a practical application as tools of evaluating the expected effect of innovation and transformation.
Highlights
Industrial enterprises meet new challenges in the turbulent environment and face the necessity of introducing innovations in the key structural elements [1,2,3,4,5]
Innovation is traditionally considered to be an effective instrument of development for industrial enterprises, even at the time of crisis
The purpose of the research is to formulate an approach to evaluating the expected effect of transformation and restructuring an industrial company and to forecast the perspectives of innovative development
Summary
Industrial enterprises meet new challenges in the turbulent environment and face the necessity of introducing innovations in the key structural elements [1,2,3,4,5]. These elements include function distribution, financial and economic policies, corporate culture, and technology. Being an innovative enterprise means having effective policies of organization transformation and restructuring in order to solve such problems as (1) improving the operation and production structure and processes, using effective tools of control; (2) forming efficient organization structures and methods of adaptation to the changing market demands; (3) introducing of new production technologies; and (4) working out appropriate principles of corporate culture [6]. The process of transformation and restructuring may be defined as a system of measures that align the enterprise operations and processes with the market demand and the adopted development program [7].
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