Abstract

This article aims to examine the role of innovations and liability of economic entities when setting up businesses in Ukraine’s current conditions, define the role, prospects and value of other business players during market analysis by the example of corporate game and designing of efficient tools for enhancing the speed of implementing an eco-friendly and technological business and its integration into global communities. Any activity enhances relations between economic entities and encourages the establishment of cooperations, groups, communities whose activities can be considered from the perspective of corporate games. It is found that social media development has resulted in consolidation of entrepreneurs and emergence of trends, which can be easier corrected externally and can increase the probability of eco-friendly business adoption. The model of corporate games has been substantiated, taking into account individual contributions to self-advancement and education, which facilitates higher liability and integration of innovations into businesses. The article describes tools for assessing the introduction of ecological business development that should be implemented by economic entities for comprehensive analysis of enterprise operations. Ukraine can increase the speed of building up innovative businesses while enhancing the liability of each entrepreneur and establishing cooperation that can be considered from the perspective of corporate game.

Highlights

  • Trends leading to changes and defining conditions for activization of innovative activities are created under the influence of technologies, automation and new approaches to business administration at all levels of economy management

  • The crucial role belongs to goals of company establishment and activity areas formed by the head of the enterprise, who controls all managerial decisions to achieve the objectives

  • We can see an increasing amount of eco-friendly businesses aimed at designing a final product, minimizing negative impacts on the environment, which is generally defined by the level of integration of innovations and technologies into manufacturing, well-timed managerial decisions and staff efficiency

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Summary

Introduction

The crucial role belongs to goals of company establishment and activity areas formed by the head of the enterprise, who controls all managerial decisions to achieve the objectives. We can see an increasing amount of eco-friendly businesses aimed at designing a final product, minimizing negative impacts on the environment, which is generally defined by the level of integration of innovations and technologies into manufacturing, well-timed managerial decisions and staff efficiency. Implementation of the system and creative approach to the innovative process and business establishment based on the increase in expenses for education, preservation of ecology and improvement of living conditions pose a challenge to Ukrainian entrepreneurs and are defined by goal-oriented and organized searching for changes intended to settle innovative problem situations.

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