Innovative Development Of Enterprises Research Articles

Methodological aspects of financial support investment and innovation development of agricultural enterprises

With the change in the geopolitical and economic situation, the emergence of new threats and challenges for domestic agricultural enterprises, the problem of increasing the efficiency of development, implementation, practical implementation of innovations and investment support of this process is becoming increasingly important. It has been established that the investment climate in Ukraine is extremely unfavorable for investors due to military actions on the territory of our country. Although, the indicator of the investment climate in 2021 acquired a "rather unfavorable" value by 53%, despite the fact that this year Ukraine reached the highest level of income from investments. The main groups of external and internal threats (at the state and enterprise level) to the innovative and investment development of agrarian enterprises are systematized and the system of financial support for their investment development is presented. Among the methods used to finance the investment and innovative development of agricultural enterprises, the following are distinguished: self-financing, equity, loan, state financing, financing at the expense of free assistance and charitable contributions, mixed financing, leasing, project financing. The principles of the functioning of the investment mechanism of agricultural enterprises are developed and the most important positive and negative aspects of investment financing sources are presented in a generalized form. With the help of rational formation and distribution of limited resources to obtain the necessary result, it is possible to achieve investment efficiency. In turn, improving the quality of investment becomes the basis of the effective process of development and implementation of innovations, innovative development of the economic system. An innovative approach to determining the investment and innovation mechanism of agricultural enterprises is proposed. The list of principles of the investment and innovation mechanism (as an interacting set of methods, forms, sources of investment) is supplemented by the principles of scientificity and priority. The advantages and disadvantages of the main sources of investment financing (state financing; public-private partnership; profit; depreciation deductions; insurance reimbursements; bank credit; leasing; issue of shares; project financing; bond loans; public funds; funds of foreign investors) are revealed. The main factors affecting the choice of specific sources of investment resources formation of agricultural enterprises are noted. A system of indicators for evaluating the effectiveness of innovation implementation by types of effect is provided.

SUBSTANTIATION OF THE STRATEGY FORMING PRACTICABILITY FOR THE INNOVATIVE ACTIVITY OF INDUSTRIAL ENTERPRISES

This article deals with the innovative strategy of the company’s development as one of the main factors in the development of the company’s competitiveness. Available approaches to building a strategy for innovative development of industrial enterprises have been analyzed. It has been established that the approach to the management of innovative development of the enterprise can be defined as strategic management. It also has been established that the sustainability of the innovative development strategy of the enterprise has a priority value, increasing the cost of the economic and social consequences of its decisions and actions implementation. The purpose of the research has been determined – substantiation of the practicability of forming a strategy of industrial enterprise innovative activity as a guarantee of strengthening competitive positions, meeting the needs of consumers, and further development of the enterprise. The outcome of the development of any business largely depends on the combination of strategies it chooses and the tools it uses for that. Innovation strategy is one of the main strategies of enterprise development. An innovation strategy is a plan used by a company to encourage advances in technology or services, often through investment in research and development. The goal is to create a mechanism of effective organizational and economic management that can contribute to the innovative development of the enterprise. Innovative strategies are necessary for companies that want to gain a competitive advantage. After all, modern market conditions provide for a fast pace of product life cycles; new discoveries are made and new products are manufactured every day. This article presents the relevance of innovation strategies and the types of innovation strategies considered by various authors. The problems of this topic, the authors who explore the subject are brought into sharp focus. The main tasks of the innovation strategy are shown. The stages of its formation and principles of construction are considered. It has been analyzed that whether the innovation process is revolutionary or evolutionary depends on the trend chosen by the company, as well as on its effective strategy of innovative development. For another thing, the level of intellectual resources of the company and human intellectual capital will also play a significant role in determining the result of this process. It was concluded that the process of determining the direction of innovative development of these enterprises can be compared with the development of an innovative development strategy. It was determined that the innovative strategy of the organization should be considered as a system of enterprise actions, aimed at achieving the long-term goals of its activity, further development, strengthening competitive positions, satisfying consumer needs, ensuring steady demand for products, through the use of complex considerations of the external and internal environment, influence, determination of strategic innovation goals and development indicators, and formation of a system based on this trends of innovative development, types of market strategic behavior, distribution of innovative achievements, etc. The questions that need to be answered when forming a strategy are identified: How do innovations create value for potential customers? How will the company distribute the value of the innovations that gave rise to them?

Методичний підхід до формування стратегії інноваційного розвитку підприємства

The task is to develop a methodical approach to the formation of a strategy for innovative development of enterprise. The methodical principles are based on theoretical approaches to the management of innovative development of enterprise, their main provisions, which are the basis for monitoring and evaluating the organizational conditions for the implementation of the strategy. These are the provisions of institutional, system, process, and competence approaches. The institutional approach operates with provisions that correspond to the measures of State regulation, the use of mechanisms of State influence on the innovative development of an individual enterprise, the directions of strategic priorities of innovative development of the State. The process approach focuses on innovative business processes that allow the implementation of product, technological, marketing, and organizational innovations through the implementation of the necessary organizational changes. The system approach is aimed at creating an effective innovation-oriented business model, the formation of an innovative environment based on the active interaction of all management levels. The competency-based approach focuses on the development of knowledge, increasing the intellectual capital of the enterprise for the formation of sustainable competitive advantages in the market, etc. The article analyzes and identifies the factors of digitalization of the economy as key for the formation of the innovative potential of enterprises in Ukraine. The results of the analysis of the experience of the world’s best practices and successful businesses testify to the variety of means of their response to innovative changes in the external environment and allow us to identify trends and the most relevant strategic instruments. In the areas of formation of the strategy of innovative development, a system of indicators has been developed and an assessment of the level of their organizational support at the enterprises «Spetsvuzavtomatyka» and «Ekvud-Bud» has been carried out.

ЛІЗИНГ ЯК ІНСТРУМЕНТ СТИМУЛЮВАННЯ ІННОВАЦІЙ: ПЕРСПЕКТИВИ ТА СТРАТЕГІЇ

Amid the spread of the global crisis and the shortage of financial resources, innovation is becoming one of the most important elements in ensuring survival and growth in the market. Therefore, leasing as one of the options for raising capital plays an important role in the innovative development of enterprises. The article considers the use of leasing as a tool for stimulating innovation in business and analyzes the impact of leasing relations on the development of enterprises and increasing their competitiveness. The research shows that today the leasing services market is characterized by a variety of leasing forms, models of leasing agreements and a diverse system of legal forms regulating the functioning of the leasing mechanism. The main stages of the leasing mechanism include: selection of the leased asset, selection of the lessor, conclusion of the lease agreement, payment of the lease fee under the agreement, use of the leased asset and termination of the lease agreement. The use of leasing has a positive impact on the operations of enterprises by reducing costs, improving productivity and product quality, accelerating the turnover of assets, and improving profitability. Due to the involvement of leasing companies in the process of innovation and their integration into the formation of innovative infrastructure, the issue of developing and expanding tools for the implementation of innovative leasing is important. Innovative leasing is distinguished by its uniqueness and high level of specialization of the equipment that is the object of leasing. We consider innovative leasing to be an effective and promising tool for technical modernization and innovation. Increasing the level of technological equipment in the leasing services market will help to expand the leasing portfolio, including attracting new types of assets. Considering innovative approaches to the provision of leasing services, in particular, the introduction of blockchain and other advanced technologies, it is obvious that such initiatives will have a significant positive impact on the competitiveness of leasing. The main advantage of innovative leasing is that it helps to respond more quickly to market changes and, if necessary, to quickly update the company's innovation strategies.

Інноваціонно-екологічні аспекти розвитку вітчизняного підприємництва

The aim of the article is to provide a theoretical substantiation of the formation of innovative and ecological aspects of the development of domestic entrepreneurship in conditions of turbulence. The main motives for the introduction of ecological innovations at domestic enterprises are considered, the possibility of creating a new management system on the basis of innovation policy and synergetic space is considered. The ways and mechanisms of increasing innovation and ecological activities are described and methods of implementation are proposed. It is analyzed that the improvement of the innovation management system and the development of the internal business environment involves changes in the sphere of planning, employment of the population of the region, promotion of products, interaction of the authorities, domestic entrepreneurship, as well as knowledge management. Innovations in the field of business management will provide a long-term competitive advantage to specific areas and contribute to their development, taking into account and combining scientific and technological solutions with administration and innovation management. Particular attention is paid to domestic enterprises in the ecological aspect – for the implementation of innovative and ecological activities, business strategies and the search for a balance between profit, ecological protection and social justice. On the basis of the carried out analysis of the ecological aspects of innovation activity, important characteristics of innovative development of domestic enterprises have been allocated and an understanding of this economic category has been provided. Based on the results of the analysis of scientific papers, the main directions of innovative development of enterprise are determined, as well as the main motivational principles in this area are considered. Today, in order to overcome the innovation and ecological crisis, it is important to develop and implement ecologically friendly and cost-effective innovations. Ecological innovations, like other types of innovation, are aimed at making a profit and reducing costs, but their specificity is manifested in social, cultural and ethical contexts.

Впровадження інтелектуальних ресурсів у стратегічному векторі інноваційного розвитку підприємства

Various approaches to determining the essence of the enterprise's innovative development strategy have been studied. The concept of strategic management of innovative development of the enterprise and directions of innovative development of the enterprise are proposed. The relationship between the directions of innovative development of the enterprise and the components of the intellectual capital of the enterprise is determined. The object and subject of scientific research in the field of strategic management of the innovative development of the enterprise is substantiated. The theoretical and methodological approaches to determining the essence of the innovative potential of the enterprise are considered and systematized. On the basis of systemic and complex approaches, a generalized definition of innovative potential and its structure is proposed, which shows that the innovative component is inherent in all structural elements of the economic potential of the enterprise, as it acts as a supporting element and an internal source of the creation of basic innovations in the process of its management.

ОРГАНИЗАЦИОННО-ЭКОНОМИЧЕСКИЙ МЕХАНИЗМ РАЗВИТИЯ ИННОВАЦИОННЫХ НАПРАВЛЕНИЙ СФЕРЫ УСЛУГ

The article considers theoretical approaches to the formation of organizational and eco-nomic mechanism of development of innovative areas of the service sector, which allows designing long-term strategies aimed at improving the efficiency of innovative projects of enterprises of this sphere. The concept of organizational and economic mechanism of development of innovative direc-tions of the sphere of services, its main characteristics and requirements, according to which it should ensure the effectiveness of innovative development of the sphere of services, is considered. It is offered to understand a totality of organizational and economic levers of managerial influence di-rected on formation, use and improvement of organizational, industrial, technical-technological, fi-nancial, economic, personnel, ecological and safety resources for maximization of profit of the en-terprise, and also strengthening of competitive advantages in the market and cost of business under the organizational and economic mechanism of development of innovative directions of the sphere of services. The dynamics of indicators of innovation activity of enterprises of the service sector in Russia is investigated. Generalized indicators of innovative development of enterprises of the Russian service sector are systematized, according to the results of which it is concluded that enterprises are mainly engaged in modernization and optimization of processes to reduce production costs. The or-ganizational and economic mechanism is presented, the mutual coordination of the process stages and the influence of its components allow formalizing and managing the development and imple-mentation of innovations. The construction of organizational and economic mechanism of manage-ment of innovative development of enterprises in the service sector creates the necessary prerequi-sites for improving the efficiency of innovative projects and ensuring the sustainability of competi-tiveness in the conditions of growing competition and increasing the level of globalization of the world market of services. The described organizational and economic mechanism of development of innovative directions of the service sector allows designing long-term strategies aimed at improving the efficiency of innovative projects implementation.

Концептуальні положення забезпечення економічної ефективності підприємств сфери послуг у контексті активізації інноваційного розвитку

The article emphasizes that the sectoral affiliation of enterprise becomes a determining factor in ensuring economic efficiency and choosing directions for activating its innovative development. The service sector has distinctive characteristics from other industries, and its advantage refers to the ability to simultaneously combine in time and space the processes of production, sales and consumption. The importance of establishing and scaling innovation activity as the main vector for ensuring the economic efficiency of service enterprises is substantiated. The stages of ensuring the economic efficiency of enterprises in the service sector in the context of intensification of innovative development have been allocated, which provides for the determination of: 1) the target amount of profit and means of adaptation of enterprise to existential challenges; 2) the volume of services sold, which ensures the receipt of the target profit; 3) parameters of assortment and pricing policy; 4) functional changes (modernization and intoduction of advanced technologies; development and implementation of investment and innovation programs; introduction of progressive forms and methods of service implementation; strengthening cooperation with the subjects of the external investment and innovation environment); 5) the level of differentiation and expansion of the sphere of investment and innovation activity; 6) areas of inter-sectoral partnership and investment and innovation cooperation. The determining factors in ensuring the economic efficiency of service enterprises should be considered: expanding the range of services; improving their quality and affordability; adaptation to market conditions. The authors also allocate instruments for ensuring economic efficiency and intensification of innovative development of enterprises in the service sector – commodity, technological, managerial, market, socioeconomic, institutional, marketing ones.

ЕКОСИСТЕМНИЙ ПІДХІД В ПРОЦЕСІ ФОРМУВАННЯ ІННОВАЦІЙНИХ БІЗНЕС-МОДЕЛЕЙ

The article systematizes theoretical approaches to the concept of “ecosystem”, including business ecosystem, economic ecosystem, innovation ecosystem, entrepreneurial ecosystem, industrial ecosystem. The article also considers the prerequisites and retrospective evolution of the transition to the work format according to the principle of ecosystems when companies build their business models. The authors proposed the definition of the ecosystem of innovative development of the industrial sector as a set of interacting business entities (real sector, business), authorities, public organizations, scientific and educational organizations, which realize the implementation of joint functional tasks based on the joint use of the resource potential of all participants (actors) in order to achieve a synergistic effect. The component composition of the ecosystem of innovative development of enterprises is proposed. Differentiation of the benefits of the participants from the application of the ecosystem approach (economic, social, institutional, infrastructural) is provided. The concept of the innovation ecosystem was studied for the analysis of dynamic open environments, which include organizations, individuals and institutions that interact in the formation, use and dissemination of innovations. The key components of innovative ecosystems are defined and their interaction is highlighted. The importance of using information and digital platforms to optimize business processes in the ecosystem is emphasized. The characteristics that are typical for innovation ecosystems and modern innovation processes are highlighted. An algorithm for the introduction of an ecosystem approach to the model of innovative development of the industrial sector has been developed. Significant attention is paid to defining the differences between digital ecosystems and traditional business alliances. The risks arising during the transition of work to this business format, as well as prospects, are considered in detail development and society’s readiness to work in ecosystems on the basis of accumulated customer service experience.

Маркетингові дослідження як інструмент інноваційного розвитку закладів ресторанного бізнесу

The aim of the article is to determine the tools of marketing research for the introduction of marketing innovations in the restaurant business. The authors analyze publications of leading domestic scholars, which are devoted to the issues of introduction of marketing innovations in the restaurant business, allocation of their main directions of development, in particular regarding the conceptions of establishments, pricing policy, promotion, interior design, commodity policy of the restaurant. The article allocates the types of marketing research of innovations in the restaurant business, namely, outlines the following blocks: analysis and development of websites and mobile applications, automation in messengers; analysis and distribution of restaurants on social networks Facebook, Instagram, Tik Tok, etc.; analysis of blogging and creation of user-generated content; evaluation of the use of QR code and Wi-Fi in restaurant business establishments; analysis of the use of visual merchandising; development of an interactive menu; analysis of consumer preferences. In addition, the authors have developed and schematically presented a model of the relationship between the introduction of marketing innovations and research tools, where it is determined that, depending on the environment of innovation, different marketing research tools can be used. Thus, accordingly, for internal innovations (created within the establishment, aimed at improving the efficiency of its activities), it will be optimal for evaluation, analysis and implementation of the use of consumer research and advertising methods, social networks, sales promotion systems, etc. For the introduction of external innovations (created outside the establishment, but directly related to it), the use of the following methods is relevant marketing research: research and analysis of the external market; research of competitive advantages and opportunities of restaurant business enterprises; other studies of the external environment of the restaurant business, etc. On the basis of this, it is concluded that the information obtained in the process of marketing research contributes to the effective introduction of innovations and the development of establishments in the restaurant industry. Directions of innovative development of enterprises of the restaurant business have been proposed, which will contribute to the implementation of marketing pricing policy, achievement of strategic management decisions on the implementation of research and implementation of technologies to attract consumers, and, accordingly, increase competitiveness.

ДЕРЖАВНЕ РЕГУЛЮВАННЯ ТА ПІДТРИМКА ІННОВАЦІЙНОЇ ДІЯЛЬНОСТІ

State regulation of innovative activity is necessary and has many advantages that contribute to economic development, increasing the country's competitiveness and sustainable growth in the face of global challenges. Regulation of this sphere by the state plays a decisive role in creating favorable conditions for the development of innovative processes, their stimulation and effective use of the national scientific and technical potential. The state plays an important role in stimulating innovative activity. With the help of financial support, such as subsidies, grants or preferential loans, the state helps to reduce risks for investors, which, in turn, stimulates investment activity in this area. In addition, state regulation contributes to the creation of a favorable investment climate, the protection of intellectual property and the development of institutional infrastructure, which are necessary conditions for the successful development of innovations. Thus, government intervention is justified, as it allows overcoming market shortcomings and ensuring the necessary level of investment in innovation, which is of strategic importance for the development of the economy. State regulation of innovative activity creates conditions for the development of entrepreneurship and contributes to increasing the competitiveness of the economy. Thanks to the integration of various regulatory mechanisms, the state can effectively respond to modern challenges and ensure stable economic development. State regulation of innovations should be aimed at creating effective interaction between science, business and the state to stimulate innovative activities and their introduction into the economy. A comprehensive approach combining direct and indirect regulation is necessary for the continuous development of innovative enterprises and the use of the country's scientific potential. The state plays an important role in stimulating innovative activity by creating a favorable environment for the development of innovative infrastructure. This includes funding of scientific research, training of highly qualified personnel, protection of intellectual property and promotion of commercialization of scientific developments. Since direct funding has its limitations, the government is increasingly using indirect instruments, such as tax incentives and regulatory simplifications, to attract the private sector to innovation.

ОРГАНИЗАЦИОННО-ЭКОНОМИЧЕСКИЙ МЕХАНИЗМ УПРАВЛЕНИЯ РАЗВИТИЕМ ИННОВАЦИОННЫХ ПРЕДПРИЯТИЙ В СОВРЕМЕННЫХ УСЛОВИЯХ ЦИФРОВИЗАЦИИ

An analysis of trends in the development of the Russian economy in modern conditions of digitalization was carried out. The specific features of the functioning of innovative enterprises in the context of digital transformation are considered, such as knowledge intensity, high technology, focus on import substitution, the introduction of digital systems with elements of artificial intelligence, etc. The content and structure of a mechanism for managing the development of innovative enterprises, as well as measures of state support for the development of science and innovation are proposed.

Motivational management of enterprise innovation development in the context of limited resources and environmental influences

The article reveals the main characteristics of motivational management of the enterprise, directly related to the innovation development, especially in conditions of limited resources. The authors define the main goal of the motivation process and analyze the role of motivational management in the activities of modern enterprises and organizations. It is established that the development of an effective system motivation of employees stimulates their actions, and therefore activates and directs their actions to the development of innovative activities and contributes to increasing the level of interest in making a significant labor contribution to the achievement of the goals set by the enterprise. As a result of the research the internal and external motivational factors influencing motivational management and innovations implementation. It was found that creative activity in the innovative activity of enterprises is achieved through an optimal combination of various incentives, however, the current incentive system at enterprises is not able to effectively stimulate employees to engage in innovative activities. The authors propose the system of formation of motivational management of innovative development of the enterprise in conditions of limited resources and environmental influences. The coefficients of motivational management at the industrial enterprises in the conditions of limited resources have been calculated by means of mathematical modeling.

Analysis of the Fifth Set of listing standards of China Science and Technology Innovation Board

With the landing of micro-electrophysiology on the Science and Technology Innovation Board, the fifth set of Science and Technology Innovation Board listing rules appeared and hoped to promote the development of new things in domestic capital production. The fifth set of Science and Technology Innovation Board listing rules reflects the inclusiveness of the Science and Technology Innovation Board because this set of listing rules is for some unprofitable or small-profit research and development technology, innovation, and future development of enterprises listed standards. Including the core technology, production products and stage results, good market trends, and innovative technological advantages. Especially for most types of biological drug development or medical technology companies. Today, almost all the companies that use the fifth set of Science and Technology Innovation Board to go public have commercialized their products, gained operating income of 100 million yuan, and some companies have even earned profits. As time goes on, the fifth set of Science and Technology Innovation Board of the development is getting better and better. There are many successful cases for other companies with the same enterprises to reference, and the future trend is also on the rise. However, due to the special characteristics of the Technology Innovation Board, the liberalization of IPO listing also brings great risks to the auditing work.

Formation of Innovative Components in the Hospitality Industry Enterprise

Purpose: The article is devoted to the formation of innovative technologies at enterprises of the hospitality industry. It is substantiated that innovative technologies will allow hoteliers and restaurateurs to a chieve certain advantages over competitors; innovation is a source of long-term economic growth, because those enterprises that constantly apply innovative approaches will always work successfully and obtain high results from their production and economic activities. The objective of the article is to generalize and systematize the formation of the main components of the innovative development of enterprises in the hospitality industry and their significance and use at the modern stage of management. Design / Methodology / Approach: To achieve the aim of the study, the following scientific methods were used: historiographical, comparative, analysis and synthesis methods. Findings: We are living in the most exciting time in human history. Technology is developing exponentially, not linearly as it used to be, and the use of modern technologies and innovations has become an integral part of the survival of businesses in a pandemic and martial law. Modern technologies allow maintaining a high level of service, expanding the range of services, improving the management system, strengthening control over the work of staff, and ensuring a high level of security for guests. Therefore, their study is an urgent task today. Today’s realities of life dictate working conditions for all enterprises of various forms of ownership. Businesses in the hospitality industry are the most vulnerable to these changes. Therefore, hotels and restaurants must focus on their audience, and their owners must do everything possible to expand the number of consumers and protect their business from risks and losses. An important condition for their implementation should be the ability of entrepreneurs to adapt to the new conditions that have developed at this stage of business and to be able to timely and effectively implement various types of innovations (technological, production, logistic, economic, social, informational), skilfully connect them in management activities. For many enterprises, the inability of managers to understand the need and achieve innovative renewal remains a problem, as there is a mis understanding of the role of information as a basic resource of enterprise management. Because innovative technologies today, more than ever before, are becoming a valuable resource for hotel and restaurant businesses. Originality / Value: It is proved that innovation is an integral element in the development of hospitality industry enterprises. Practical Meaning: A number of features of innovative activity in the hospitality industry are highlighted. Further Research: Development of methodological support for the analysing the effectiveness of innovations at enterprises of the hospitality industry.

Управління венчурними структурами в умовах невизначеності

The study examines the problem of managing venture structures in conditions of uncer-tainty, where modern companies face unprecedented change and risk. The relevance of the re-search is due to global transformations, geopolitical conflicts, technological innovations and un-expected market changes. The article discusses strategies for managing venture structures in conditions of uncertainty, including adaptation to changes, portfolio diversification, and in-volvement of experts. The role of technological innovations in venture management is also con-sidered, including their impact on opportunity identification and process automation. Adaptive leadership is a crucial aspect of managing enterprises under conditions of uncertainty. This in-volves being flexible and responsive to the business's changing environment and challenges. The study's general conclusions indicate the need for flexible management strategies, the use of modern technologies and the development of new investment models to succeed in conditions of constant uncertainty and change. It is noted that the effective management of venture struc-tures is essential for the country's post-war recovery because it can become a catalyst for rapid economic recovery and stimulation of innovation. Venture capital contributes to the financing and development of innovative enterprises and technologies that can revolutionize various areas of the economy. This includes the development of new products, services and technologies that help solve social and economic problems. Creating a favorable ecosystem for venture capital can lead to the growth of innovative entrepreneurship and the attraction of important invest-ments in promising industries. This, in turn, contributes to the creation of new jobs, the devel-opment of new technological industries and the restoration of economic potential after a period of conflict and war. An important advantage is also the ability of venture capital to attract for-eign investments and contribute to the support of national innovative projects. This approach contributes to economic recovery and has a positive effect on the further development of the country. Prospects for further research include the analysis of the impact of global crises, regu-latory aspects and psychological factors on venture management and the expansion of coopera-tion between large corporations and startups in this context.

УПРАВЛІННЯ ТА РЕАЛІЗАЦІЯ БІОТЕХНОЛОГІЙ В АГРАРНІЙ СФЕРІ (МІЖНАРОДНИЙ ДОСВІД)

The article examines the objective contradictions of innovative development, analyzes the international experience of solving them by creating such modern organizational forms as clusters. Modern innovative development policy, which is based on the creation of high-tech clusters, is gaining wide recognition in the world as the main way of developing the competitiveness of the state, regions and enterprises, stimulating innovations, attracting investments, and creating new technologies. In this aspect, the study of the formation of biotechnological clusters and their specifics plays the role of a leading link in learning the patterns and solving problems of innovative development not only of the branches of the national economy, but also of the state as a whole. A modern innovation cluster is a union of various organizations (industrial companies, research centers, state administration bodies, universities, public organizations, etc.), which allows you to use the advantages of the main methods of coordination of the economic system - state regulation of the inter-firm hierarchy and the market mechanism, which makes it possible to spread new knowledge, scientific discoveries and inventions more quickly and efficiently. The main system-forming contradictions of innovative development are the contradictions between economic and social interests and the principles of innovative development; between national and global interests of innovative development; between the cost of developing a new innovative technology and the economic effect of its implementation; between the interests of producers and consumers of innovative products; between the available scientific potential and its implementation in specific innovations; between individual and public interests in the process of creating innovations and contradictions in the interaction of factors in the process of innovative renewal. The modern organizational form of solving them is the clustering of innovative development of enterprises. Based on the international experience of creating biotechnological clusters, a similar organizational scheme has been developed for Ukrainian biotechnological enterprises. A basic diagram of a biotechnological cluster is proposed

How Does Intellectual Property Protection Empower Technological Innovation in Enterprises - Take China as an Example

With the advancement of technology, fields such as artificial skills, biotechnology, and renewable energy are undergoing rapid iterations. Correspondingly, converting these technologies into tangible assets underscores the critical role of intellectual property protection. This paper takes the current status of intellectual property protection laws in China as an example to analyze the potential benefits of an improved intellectual property protection system for innovative enterprises and the market economy and the limitations of the current Chinese intellectual property protection laws. Enhancing the intellectual property protection system can empower enterprises with creative logic by improving the market economy, shaping new modes of thinking, and refining mechanisms for benefit distribution. Simultaneously, in the face of limitations in intellectual property protection laws, improvements can be achieved by strengthening law enforcement, advancing judicial reform, refining system design, enhancing international cooperation, and raising legal awareness. This article aims to assist scholars and relevant practitioners in understanding the current status of Chinas intellectual property protection laws, thereby facilitating the development of innovative enterprises in China.

Research on the Role Played by Media Attention in the Relationship between Financialization and Research and Development Investment

Research and development investment is crucial to the innovation and sustainable development of enterprises. Taking the data of A-share listed companies from 2012 to 2020 as samples, this paper finds that the impact of corporate financialization on research and development investment is influenced by the degree of media attention to enterprises. The conclusion of the study provides some enlightenment for the government and enterprises to promote research and development investment from the perspective of media governance.

The Influence of Environmental Regulation on The Innovation of Heavily Polluting Enterprises

This paper selects the listed companies of heavy pollution manufacturing industry in SSE and Shenzhen Stock Exchange from 2014 to 2018 as samples, and establishes A step-by-step regression model to explore the relationship between environmental regulations, financing constraints and enterprise innovation, aiming to provide reference for the realization of green and innovative development of enterprises. The study found that the intensity of environmental regulation significantly suppresses the innovation of heavily polluting enterprises. Then the cost of environmental protection investment of enterprises will increase, which may cause the shortage of disposable funds of enterprises, which will reduce the R & D investment in the relationship between environmental regulation and enterprise innovation, indicating that part of the influence of environmental regulation on enterprise innovation is realized through financing constraints.