Innovative development of the foreign economic activity of the enterprise

Abstract

Very interesting and relevant in today's economic situation is the study of the mutual influence of two essential factors promoting economic development, such as innovation and foreign economic activity, so the study is devoted to developing recommendations for improving the innovative development of the foreign economic activity. The authors investigated the interpretation of the essence of the concept of "foreign economic activity" by different researchers, features of foreign economic activity of enterprises, the main features of the modern system of foreign economic activity and analysed innovations as a factor contributing to foreign economic activity. The study allowed to develop recommendations for improving the innovative development of foreign economic activity of the enterprise, namely the creation of a department of foreign economic activity of the enterprise, which includes a visual representation and structure, as well as a detailed description of the main criteria. The authors proposed a method for determining the quality of planned work of the department of foreign economic activity and an algorithm for selecting areas of innovative development.