Implementation Of Innovative Projects Research Articles

ACCOUNTING AND INFORMATIONAL SUPPORT FOR FINANCING AND MANAGEMENT OF INNOVATIVE ACTIVITIES OF ENTERPRISES

Introduction. The development, financing, and implementation of innovative projects require the organization of effective innovation management, with the primary source of information being the accounting of innovative activities. The purpose of the article is to optimize theoretical principles and enhance the methodology of preparing and using accounting information for managing innovative activities, as well as financing innovative projects. Results. The interconnection of operational, investment, and financial activities of enterprises within the innovation environment has been substantiated, encompassing the creation, implementation, and realization of innovations. The positioning of accounting information about the operational, investment, and financial activities of enterprises in the management and financing of innovative processes has been investigated. In order to ascertain the substantive content of accounting information about the innovative activities of enterprises, a classification of its objects from the perspective of management, accounting, and financing has been carried out. For the effective accounting of diverse and variable innovative objects, the utilization of universal principles for the preparation and application of accounting information has been proposed. It has been demonstrated that adhering to fundamental provisions ensures an efficient integrated interaction between accounting, management, and financing of enterprises' innovative activities. The distinctive features of forming and using accounting information within an integrated system of accounting and management of innovative processes have been identified. Conclusions. The effective preparation and utilization of accounting information, utilizing the provided suggestions and recommendations, in the management and financing of innovative activities ensures the realization of its goals and the attainment of positive financial outcomes. Further research is needed for the methodology of accounting for variable innovative objects with the preparation of reporting for internal and external stakeholders.

ИНВЕСТИЦИОННОЕ ОБЕСПЕЧЕНИЕ ИННОВАЦИОННОЙ ДЕЯТЕЛЬНОСТИ

In the modern economic space, the development of the country’s innovative state is a pri-ority and strategic task for many countries, since the introduction of innovations ensures an increase in the main socio-economic indicators of the country, increases the level of competitive positions on the world stage, and accelerates the way out of the crisis of a state. In the 21st century, where there is rapid progress and technological change, innovation, like investment, is becoming an integral part of business processes and a way to ensure competitive advantage. At the same time, in order to achieve the successful implementation of innovative projects, it is important to have financial sup-port in addition to the product (service) itself. Due to the sanctions pressure, Russia’s current policy is being reformatted. The purpose of the study is to study the process of providing investment support in the context of innovation and to determine its significance. General scientific methods of cogni-tion, principles and methods of a systematic approach were used as part of the study of investment support for innovation activities in the regions. The paper considers the main importance of invest-ments as a basic economic category, approaches to considering the essence of investment activity, the features and importance of investment support in innovation, as well as the principles of inno-vation and investment support. The article analyzes the innovation and investment support of foreign countries in 2023, which is given by the example of the global innovation index. The inextricable link between innovation activity and the investment component has been proved. It is confirmed that the successful implementation of innovative and investment activities contributes to the achievement of the main priorities of innovative development of the Russian economy.

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.

EVOLUTION AND INNOVATION IN ORGANIZATION MANAGEMENT IN THE DIGITAL ERA

Rapidly changing conditions of business functioning, caused by global changes in geopolitics, economy, acceleration of the pace of development of digital technologies, require greater adaptability, flexibility and speed of response from the organization's management. In this connection, the concept of management 4.0 is formed and developed, which combines advanced strategies, innovative approaches and the use of modern information and communication technologies. The research is aimed at revealing the essence of this concept in the form of an analysis of the evolution of management systems and modern challenges, as well as at the development of effective strategies and tools for successful modern management, which ensures the competitiveness and stability of the enterprise on the market. In the course of the study, types of organization management were identified, including scientific, administrative, strategic, innovative management, and quality management. The article substantiates the need for improving approaches to administration in the organization, introducing innovations and advanced digital technologies into the enterprise's activities. The concept was formed and the key components of management 4.0 were determined, taking into account the modern realities and needs of Ukrainian business. Challenges faced by domestic companies are highlighted; strategies, approaches and practical recommendations for overcoming them are presented. It is proven that the application of the process approach in management contributes to the realization of internal reserves of growth and development of the enterprise, simplification of the organizational structure of subordination. And if earlier its implementation was associated with radical changes in the company, now evolutionary methods of its implementation are being actively developed. The process approach to management is aimed at reducing the company's costs, which has a positive effect on the company's profit, and therefore on financial opportunities for the implementation of innovative projects.

IMPROVING THE APPROACH TO ASSESSING THE ECONOMIC SUSTAINABILITY OF REGIONAL ENTERPRISES

The results of the analysis of existing approaches to the selection of indicators and criteria for assessing the economic sustainability of regional enterprises show that a large number of different indicator systems are used. However, none of the approaches takes into account the innovation component, despite the growing role of the scientific and technical factor in the activities of regional enterprises. It is proved that the innovative attractiveness of enterprises is an important component of investment attractiveness, since investors associate the prospects of investment with innovations and invest in economically sustainable enterprises. Accordingly, the paper considers the innovation attractiveness of regional enterprises from the perspective of ensuring economic sustainability and defines it, unlike existing approaches, as the ability of an economic entity to ensure and maintain a high level of innovation activity over time. This approach involves the development of an innovation strategy and the implementation of innovative projects, contributes to building up the innovation potential, ensures and maintains high efficiency of innovation activities. To analyze the innovation attractiveness of enterprises, the economic sustainability of activities is structured by the following components – financial, social, production and technical, marketing, innovation, and indicators for their evaluation are proposed. It is proved that the number of indicators required to assess the innovation potential that can ensure the economic sustainability of enterprise activity should be limited by their practical applicability, the cost of development and obtaining information. The allocation of the innovation component ensures not only the fulfillment of complex production tasks in a changing environment of functioning of regional enterprises, but also contributes to the overcoming of the economic crisis with minimal consequences for them, since innovative solutions contribute to the optimization of production and use of resources, provide flexibility in terms of the realities of doing business. The proposed set of quantitative indicators, calculated on the basis of financial and statistical reporting data, allows to determine the economic sustainability of regional enterprises, taking into account their innovative attractiveness.

Management models of innovative projects and program products in the field of water transport and environmental protection activities in the post-war period

The beginning of the full-scale russian invasion of Ukraine caused significant human, economic and political losses, as well as destruction of infrastructure. Nevertheless, in the future (during the post-war economic recovery) all the resulting losses must be compensated and restored. Thus, the formation of management models for the implementation of innovative projects, in particular programs for the recovery and development of Ukraine in its post-war conditions, remains relevant. The goal of the work was to build a model that would allow in the future to ensure the highest efficiency of management during the implementation of innovative projects in the post-war period, to describe the possibilities of its use in practice. The main methods used during the research were analysis, modeling and abstraction. Thus, within the framework of the study, a conceptual model of management for the implementation of innovative projects and programs in the post-war period was built. An analysis of the modern theoretical base of management of innovative projects was also performed, and the problem of substantiation of product parameters of innovative strategic development programs and projects was singled out. Network models were described, their features and possibilities of use to provide a clearer picture of the works of the environmental project, more effective management of resources in it. The work emphasizes that infrastructure projects are often divided into two phases: creation and operation; in addition, the importance of environmental protection infrastructure projects for efficient transportation of goods and passengers and their impact on the economy, ecology, and competitiveness of the transport system are described. This study allows for a more detailed understanding of the features of managing the phases of the implementation of infrastructure projects, especially in the conditions of the post-war period, and also brings new knowledge to management in terms of building large-scale investment programs. Obtaining maximum benefits from participation in innovative projects of freight transportation by water transport, taking into account the component of international mechanisms of balanced post-war development of Ukraine, which provides for high productivity, fair distribution of opportunities and results of profits from activities in logistics centers, hubs, ports in the paradigm of uncertainty of crises and post-war economic infrastructure restoration.

Implementation of innovative technologies in Kazakhstan: A case of the energy sector

The implementation of innovative renewable energy projects is designed to meet the growing electricity demand and reduce carbon dioxide emissions into the atmosphere. In order to avoid resource dependence of the economy and meet the demand for electricity in remote areas of Kazakhstan, the development of renewable energy sources is urgent. The purpose of this study is to analyze the effectiveness of the implementation of existing mechanisms for the implementation of innovative renewable energy projects through auctions. Moreover, it identifies their shortcomings and offers proposals for improvement. The analysis uses data from the Kazakhstan Bureau of National Statistics on renewable energy sources, namely alternative energy sources such as solar and wind power plants, excluding biogas. The methodology provides for the assessment of projects implemented through auctions for 2018–2021, taking into account such indicators as the dynamics of the number of wind and solar energy projects, their capacity, the percentage of auction price reduction for a specific year. The paper discusses the mechanism for conducting auctions of solar and wind electricity, which, through the auction organizer, connects authorized bodies and investors. The main indicators of auctions for individual years are noted, and the main shortcomings of this mechanism are identified. The analysis of barriers to innovative renewable energy project implementation revealed the presence of contradictions in the price regulation of renewable electricity, the lack of market pricing mechanisms, and the unpreparedness of the energy infrastructure for integration with renewable sources. AcknowledgmentThis research is funded by the Science Committee of the Ministry of Education and Science of the Republic of Kazakhstan (Grant No. AP13268750).

Efficiency of the Implementation of Innovation and Investment Projects at Healthcare Institutions: Integral Analysis and Ways of Enhancement

Introduction. Improving the quality of medical services and raising the effectiveness of the operation of the subjects of the medical system of Ukraine requires intensifying innovation, which needs significant investments. So, the application of qualitative methods for analyzing the efficiency of such projects is of great importance.Problem Statement. Scholarly research and methodological framework and practical recommendations deal with the identification of problem areas and aspects of the implementation of innovation and investment projects at healthcare institutions in Ukraine.Purpose. The purpose is to comprehensively analyze and to identify the problematic aspects of the implementation of innovation and investment projects by healthcare institutions and to determine the measures to address them as well as to increase the effectiveness of the innovation. Material and Methods. In the course of the study, the method of economic and mathematical modeling has been used to perform a composite analysis (using the weighted average method) of the effectiveness of the implementation of innovation and investment projects by the example of healthcare institutions.Results. It has been established that the efficiency of the implementation of innovation and investment projects at healthcare institutions of Ukraine is satisfactory, but such components as the financial and economic sustainability of the project and the quality of intellectual and personnel support, especially the structure of investments and their profitability, staff turnover and the level of professional qualification of medical personnel remain problematic. Financial and economic stability and investment andmarketing development remain the most problematic components of the efficiency.Conclusions. One of the key signs of the efficiency of investment and innovation projects in medicine is their systematic manner that involves a combination of measures to activate and develop investment and innovation in the organizational and institutional (1), the economic (2), the product and service (3), the social and psychological (4) components.

‘Beyond places of safety’ – a qualitative study exploring the implementation of mental health crisis care innovations across England

BackgroundMental health acute and crisis care consumes a large share of mental health budgets internationally but is often experienced as unsatisfactory and difficult to access. As a result, there is an increasing move towards developing innovative community crisis services, to improve patient experience and relieve pressure on inpatient and emergency services. This study aims to understand what helps and hinders the implementation of innovative mental health crisis care projects in England.MethodsUsing a qualitative approach, 18 interviews were conducted with crisis care service managers exploring their experiences and views of the development and implementation of their service developed with support from an English national capital funding programme. A framework analysis was conducted informed by implementation science.ResultsKey facilitators to implementation of innovative crisis services included bottom-up development, service user involvement, strong collaborative working, and leadership and management buy-in. Key barriers that affected the projects implementation included the complexities of crisis care, workforce challenges and resourcing issues.ConclusionThere is a recognised need to improve, update, and innovate current crisis care offers. Results from this study suggest that a range of models can help address the heterogenous needs of local populations and that new approaches can be implemented where they utilise a whole-systems approach, involving service users and relevant professional stakeholders beyond mental health services in planning and developing the service.

A MODEL ON THE RELATIONSHIP BETWEEN TRANSFORMATIONAL LEADERSHIP, TRANSACTIONAL LEADERSHIP, ENTREPRENEURIAL LEADERSHIP, AND THE INNOVATION PROCESS

To enhance competitiveness, organisations should excel in adopting new business processes and ensuring the successful implementation of innovative projects. This study examined the impact of transformational, transactional, and entrepreneurial leadership styles on the innovation process, with a focus on employee innovative behaviour and the climate for innovation as mediating factors. A total of 303 participants from three organisations in the financial services sector (banking and insurance) in Namibia took part in the study. The findings suggest that employing transactional and entrepreneurial leadership styles proves beneficial for fostering innovation within organisations. Specifically, entrepreneurial leadership demonstrates positive effects on both employees’ innovative behaviour and the establishment of an innovation-friendly climate. The study reveals that a conducive climate for innovation significantly contributes to overall innovation. Moreover, the results indicate that only the climate for innovation serves as a significant mediator in the relationship between transactional leadership and the innovation process, as well as between entrepreneurial leadership and the innovation process.

Introduction of Economic and Legal Measures for the Development of the Ecologization System at an Enterprise

Objective: The study analyzes economic and legal approaches to the development of the ecologization system at an enterprise. The authors seek to substantiate the importance of integrating environmental practices into the legal framework and promoting sustainable development in business operations. A clear relationship between the use of ecologization systems and the profitability of companies in the long term has been already shown in world practice. Method: The research is based on systematic and integrated approaches combined with a set of general and special scientific methods. Results: The article discusses possible solutions for the ecologization of a company's activities, considering the forecasting of environmental costs in the process of strategic planning of activities, as well as the implementation of investment and innovation projects. Conclusions: The results emphasize the crucial role of the regulatory framework in the introduction of sustainable methods of ecologization in enterprises. It is concluded that the integration of sustainability principles into the legal system enhances environmental protection and supports long-term economic viability. Enterprises that give priority to sustainable development not only comply with legal obligations but also gain a competitive advantage, meeting the expectations of society and contributing to the achievement of sustainable development goals.

Financial model for assessing the economic effect of corporate entrepreneurship development

The study highlights the importance of developing applied tools to assess the economic impact of the development of corporate entrepreneurship within established business organisations. It was found that preliminary studies focus on the positive impact of the application of the entrepreneurial management style on the performance of business organisations, but there is a lack of specific proposals for assessing the impact of the implementation of employees' internal business initiatives on organisational performance. The financial model for assessing the economic impact of the implementation of innovative solutions, ideas and projects proposed by employees and the creation of new business units based on them has been substantiated. The results of the authors' calculations are presented, which confirm the practical possibility of applying the proposed model and demonstrate the positive impact of the development of corporate entrepreneurship and the creation of new business units on the value of the business organisation as a whole.

Merging with a SPAC Company Instead of an IPO as a Tool to Increase the Company's Value When Implementing Investment Projects

Russian financial science uses Western developments in determining the value of a company and studying the formation of an investment project as a tool to increase the value of a company. Research in the field of company value and the impact of an investment project on it should be focused on identifying the applied aspects of existing Western concepts in this area. In this context, it is relevant to study the principles of entry into the stock market of the SPAC companies and an objective assessment of the subsequent implementation of innovative projects of non-public companies. The purpose of the study is to substantiate the practical application of means for assessing the innovative potential of non-public companies in the form of mergers and entering the stock exchange, bypassing the IPO procedure, with a subsequent increase in the capitalized value of the business. The research methodology is based on a theoretical analysis of the main scientific provisions of the investment activity of companies, a comparative analysis of the instruments for entering the stock market and their risk assessment from the perspective of investors. The informational and empirical basis of the study was the statistical data of the market of SPAC-companies in the US stock market. The object of the study is a way for non-public companies with attractive investment projects to enter the stock market through M&A with a SPAC company instead of an IPO. Scientific novelty lies in the coverage of the theory and practice of the process of entering the stock exchange of non-public companies through merging with SPACs present on the American market, in the interpretation of the practice of transactions in the implementation of an investment project as a tool to increase the company’s value in the context of the challenges facing the national economy. The findings indicate the correctness of the assertion that the introduction of the SPAC companies into Russian practice requires careful adaptation as well as the development of transparent procedures by the mega-regulator.

Innovative approaches to the development of territorial communities in the Zakarpattia region

The existing strategic guidelines for development may need to be more practical in the changing socio-economic environment and internal challenges. The research is aimed at determining the peculiarities of the development of territorial communities of the Transcarpathian region and highlighting innovative approaches that will contribute to sustainable economic growth, increase the quality of life of the population, and strengthen the economic security of the region. The purpose of the article is to research innovative approaches to the development of territorial communities in Zakarpattia region. The article is devoted to the characteristics of innovative approaches to developing territorial communities of the Zakarpattia region. The main signs of innovativeness in the system of development of territorial communities are substantiated. The peculiarities, advantages, and challenges of decentralization reforms for the communities of the Transcarpathian region are defined and characterized. The Smart approach to the development of territorial communities is characterized. The strategic opportunities for developing territorial communities of the Transcarpathian region are outlined based on a harmonious combination of natural, cultural, economic, and social aspects that contribute to the sustainable and progressive development of the region and ensure a better standard of living for its residents. Introducing innovative methods and technologies is a crucial factor in solving the socio-economic and cultural challenges territorial communities face by analyzing various aspects of innovative development. One of the main conclusions is that innovation can become an engine of growth in the region's economy. By implementing modern technologies in various fields, such as education, medicine, agriculture, and tourism, territorial communities can improve the quality of life of their residents and ensure sustainable economic growth. The need to consider the needs and aspirations of the local population in the process of implementing innovations has been determined. Active participation of citizens in the development and implementation of innovative projects can ensure their success and acceptance by the community. It has been proven that it is essential to emphasize the need to promote interaction between communities and the business environment to create favorable conditions for innovation. Partnerships with the private sector can significantly improve resource provision and support for innovative initiatives. Reasonably, innovative approaches to developing territorial communities are an essential strategy for ensuring the sustainable development of regions. These approaches make it possible to solve existing problems and open new opportunities for further growth and prosperity of communities and their residents. Keywords: territorial communities, innovative approaches, Smart approach, sustainable development.

Urban Development Management on an Eco-Innovation Basis: Content and Mechanism

The concept of sustainable urban development emphasizes the importance of using innovative ap-proaches in solving environmental problems that manifest themselves in actropogenically altered ecosystems. Urban development management on such a basis includes the development and imple-mentation of innovative projects that are comprehensively focused on achieving long-term growth, improving the quality of life and protecting the environment. To achieve these goals, it is necessary to form a mechanism for managing urban development on an ecoinnovation basis, based on the application of a process approach and the formation of fundamentally new institutional structures. In this context, eco-innovation clusters can become key elements within the framework of the sustain-able urban development management mechanism.

The role of technoparks in the development of innovation activity and strengthening the technological sovereignty of Russia

At present, one of the priority goals for the development of the Russian economy is to stimulate domestic innovative developments in industry to ensure the country's technological sovereignty. Strengthening technological sovereignty, ensuring the outstripping growth of industry is one of the tasks set by the Presidents of the Russian Federation to overcome the impact of international sanctions. Technoparks, as objects of innovation infrastructure, are one of the effective forms of supporting industry in the regions and stimulating innovation. This determines the relevance of the present study. Target. Determination of the role, place and effectiveness of technoparks in solving problems of enhancing innovation and strengthening the technological sovereignty of Russia in the context of international sanctions. Tasks. Identification of priority areas for ensuring technological sovereignty. Determination of the constituent elements of the innovation environment and consideration of technology parks as objects of innovation infrastructure. Study of the performance of Russian technology parks in the direction of the implementation of innovative projects for the development of industry. Methodology. The study presented in the article was carried out using such general scientific methods as analysis and synthesis, scientific generalization. Results. The priority areas for strengthening technological sovereignty proposed by the Government of the Russian Federation were studied, and a study was made of the activities of Russian technology parks in the implementation of innovative projects, including those in the selected areas of technological sovereignty, which is necessary when implementing the import substitution policy in the context of international sanctions. Conclusions. The technopark is a particularly important object of innovation infrastructure in the context of implementing the import substitution policy, developing domestic industrial production and ensuring technological sovereignty.

UNIVERSITY AS AN INNOVATIVE PRODUCTION UNIT TO OVERCOME THE NEGATIVE CONSEQUENCES OF SANCTION PRESSURE

This article describes the actual problem and the need to develop a methodology/algorithm for working with innovative projects in universities in the face of sanctions pressure. The article discusses both theoretical and practical aspects of this problem, and puts forward the idea that universities can act as innovative production units to overcome the negative consequences of sanctions pressure. The implementation of this idea is ensured by creating the necessary favorable organizational, financial, infrastructural and other conditions conducive to the creation and implementation of innovative projects in universities. The role of universities in the innovation ecosystem is considered, including taking into account world experience. The article is based on the latest scientific research in the field of innovation management and proposes to develop a methodology/algorithm for working with innovative projects in universities, from the idea generation stage to successful implementation. It considers issues related to the selection of an innovative project, its financing, planning and management, as well as the interaction between the project team and potential partners and investors. The development of such a methodology can help in the process of generating ideas and successfully implementing innovative projects in universities, which in turn contributes to sustainable economic development.

Целевая аудитория предпринимательского проекта и анализ способов ее определения в рамках проектной деятельности

The correct and detailed definition of the target audience contributes to the success of the business project. Despite the fact that today they distinguish innovative entrepreneurial projects separately, calling them start-ups, competition in the market requires that they be innovative a priori. Considering that the life span of such projects in Russia is an average of three years, it is advisable to collect data on the potential client before launching it. Meanwhile, according to statistics, 35–42 % of failures in the implementation of innovative entre-preneurial projects are due to the reasons associated with the incorrect definition of the target audience. In this regard, the article presents the rationale for the importance of knowing the potential addressee of an entrepre-neurial project, considers ways of determining the target audience, gives a brief description of them as part of the project activities according to three criteria: the purpose of the toolkit, the complexity of the analysis and the method of obtaining the information used. Conclusion dwells upon the fact that without a preliminary assess-ment of the demand for the proposed product from the addressable consumer, entering the market with any business project is inexpedient because of the high risks.

Совершенствование инструментария оценки эффективности инновационного обеспечения промышленного развития в особых экономических условиях

The economy of the Donetsk People's Republic is currently functioning in conditions of extreme uncertainty due to prolonged military operations in the region. This circumstance encourages researchers to search for new tools for evaluating the effectiveness of innovative support for industrial development in special economic con-ditions. Within the framework of this article, it is substantiated that in modern conditions of the formation of a new technological order, the state should determine the priority directions of industrial development of the terri-tory on an innovative basis. The necessity of state participation in the organization of “growth centers”, in partic-ular, business incubators and technology parks with state guardianship, is proved. Quantitative criteria that can be used to assess the effectiveness of the technopark are analyzed. As a research task, the authors identified an attempt to assess the success of innovative projects of industrial development by taking into account the risk of military operations in special economic conditions. The application of military operations coefficient in the calculation of indicators of budgetary efficiency in the implementation of innovative projects of industrial devel-opment is justified.

Legal Security of State Support of Innovative Activities

Legal Security of State Support of Innovative Activities