Abstract

The development of Ukrainian trade organizations in ordinary conditions is characterized by a high degree of inertia. Therefore, when situations that need to change arise, business strategies of market participants also change dramatically. Most often, such transformations are connected with external factors, such as the overall economic crisis, a sharp change in the state “rules of the game” in a particular sector of economic relations, as well as another external factor bond to the occurrence of new serious competitors. The development of organizational and economic mechanism to ensure the innovative development of retail trade, requires comprehensive consideration of internal and external factors of the studied system, the formation of strategies and programs to increase the innovation potential of its participants, their active interaction, increasing the use of innovative technologies, generating ideas and transformations. The article considers the issues related to the impact of business globalization processes on the transformation of business models of trade organizations and their operation strategy, as the degree of trade development indicates the standard of living and the state of the economy and society. The authors of the article suggest that retail organizations adapt to the changes in the macro and micro environment, using innovative components in economic and financial activities, which will ensure their competitiveness and prevent crises. The proposed model of an innovative trade organization allows to identify the goals components of innovation activities, which combine the strategic guidelines of the state regulation and help to improve the economic condition of trade organizations

Highlights

  • Effective business activity is a source of economic growth, which ensures employment in the country and directly affects the quality of life of the population [1]

  • The development of organizational and economic mechanism to ensure the innovative development of retail trade,requires comprehensive consideration of internal and external factors of the studied system, the formation of strategies and programs to increase the innovation potential of its participants, their active interaction, increasing the use of innovative technologies, generating ideas and transformations

  • The proposed model of an innovative trade organization allows to identify the goals components of innovation activities, which combine the strategic guidelines of the state regulation and help to improve the economic condition of trade organizations

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Summary

INTRODUCTION

Effective business activity is a source of economic growth, which ensures employment in the country and directly affects the quality of life of the population [1]. To meet the growing needs of the population, trade organizations need to constantly improve their activities, offer competitive advantages, transform their business models, especially under the influence of globalization of economic processes. Problems of innovative development of trade organizations have been studied in the works of such scholars as P. If we consider the development of forms of retail trade in the last decade, researchers have studied and offered various theories in this regard: cyclical, environmental and based on conflict theory. The conflict theory presupposes that under the influence of competitors, retailers must replace their forms of activity with more efficient ones, introducing innovations into their development in order to gain a more favorable position on the market [11]. Using the SCOR-model, which identified main indicators for evaluating the performance of logistics activities, makes it possible to generate competitive advantages in trade enterprises [15; 16]

MATERIALS AND METHODS
Evaluation of the effectiveness of different channels
CONCLUSIONS

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