Transformation of the enterprise cost model in an innovative economy

Abstract

Innovative activities currently determine the competitiveness of enterprises in all sectors. A wide range of scientific studies is devoted to the analysis of the innovation economic efficiency, but most Russian and foreign researchers agree that innovation on the one hand causes an increase in production costs, on the other hand, requires additional efforts to commercialize market demand in order to compensate for the increase in costs. The inevitable increase in market prices for innovative products exacerbates the difficulties of an innovative enterprise and adversely affects its competitiveness and market capitalization. Currently, in practice there is no clear concept and methodology for assessing the results of the production enterprises participation in the innovation process. The concept of the “innovative activity economy” is introduced in the article, considered by the authors in comparison with the issues of the quality economy. The cost model of innovation-oriented manufacturing enterprises is also considered, combining the production of “traditional” products with innovation, in comparison with the traditional cost model of an enterprise that does not carry out innovative activities. This combination changes the mechanisms for the formation of enterprise’s economic indicators, complicates the relationship between them, changes the structure of risks and, accordingly, requires special approaches to decision-making, planning and results evaluation.