Innovation Activity Of Enterprises Research Articles

Opportunities for innovation activity of enterprises from the dairy sector in the food industry

Dairy processing enterprises in Bulgaria are faced with the need to implement modern equipment and technological updates in order to guarantee the quality and control of the manufactured products. The investment policy should be aimed at expanding the assortment range, competitiveness and entry into new markets. The paper analyzes the results of a research of innovation activity in dairy enterprises. The new economic situation requires companies to generate and absorb increasingly competitive innovations, to maintain and develop high innovation activity. This is becoming an increasingly important condition for their effective functioning and survival. All enterprises have a positive attitude towards innovative behavior, which is a necessary but not sufficient condition for carrying out innovative activity and achieving the relevant results. In any organization, it is necessary to provide conditions for the introduction of innovations, therefore it must have such a structure and processes that assume and implement appropriate innovative behavior. Management principles are the basis for making decisions to stimulate or inhibit innovation activity in enterprises. In this regard, export intensity, R&D expenditures and patent activity are leading in innovation processes.

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.

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.

Innovative activity of enterprises

Innovative activity of enterprises

Research on the impact of tax incentives on enterprise innovation activities: Based on the life cycle of enterprises

Research on the impact of tax incentives on enterprise innovation activities: Based on the life cycle of enterprises

Targeting in management of sustainable innovative development for industrial enterprises

The problem of reindustrialisation of the country and its transition to the sixth technological mode is of particular relevance for the Russian economy at present. At the same time, for the effective management of reindustrialisation, it is necessary, first of all, to develop a system of target setting for sustainable innovative development of industrial enterprises and production sectors. The aim of the paper is to consider and use a new methodological approach to the formation of such a system of target indicators. It is shown that there is no direct possibility of using for this purpose the theory of endogenous economic growth, the theory of long waves and the concept of technological patterns, the theory of sustainable development of economic systems. The paper presents ways and means of solving three problems arising in the process of effective management of sustainable innovation development of industrial production at the level of industries and enterprises: taking into account the impact on the activation of innovation activity of incoming open “tangible” innovations (patents, licences, software products) and closed innovations in the form of R&D costs; identifying the predominant impact on the resource efficiency of enterprises and industries of certain types of technological innovation-process and product innovations; determining for each type of technological innovation (process and product innovations); determining the impact of the innovation activity of incoming enterprises and industries on the resource efficiency of enterprises and industries.

СТРАТЕГІЇ ІННОВАЦІЙНОГО РОЗВИТКУ БІЗНЕС-СТРУКТУР: УМОВИ ВИБОРУ ТА ОСОБЛИВОСТІ РЕАЛІЗАЦІЇ

The article is devoted to definition of the innovative strategies chosen by the Ukrainian business structures, and features of their realization. Topicality of the conducted research stems from the necessity of innovative development of the domestic enterprises, which is impossible without the correctly chosen strategy. The aim of the article was to determine the strategies that promote the innovative development of domestic business structures, the conditions of their choice and features of their implementation. In order to achieve the purpose the state of innovation activity of Ukrainian enterprises was analyzed in the course of the research and it was determined what strategies of innovative development are chosen in unstable political and economic conditions. n the course of the study, general scientific methods such as analysis, synthesis, induction, analogy and deduction were applied. According to the results of the analysis it was determined that Ukrainian enterprises need a competent innovation policy, which is impossible without a properly chosen strategy for innovation development. The level of competitiveness and financial stability in a market economy depends on it. At the same time, financing of innovation activities in the majority of domestic business structures is at a rather steep level. This is evidenced by the survey of business representatives on innovation activities and the most pressing R&D needs conducted by the Ministry of Education and Science of Ukraine and the Ministry of Economic, Trade and Agricultural Development of Ukraine in 2020. According to it, funding of own and support of external R&D and other innovation activities is low. Out of the large choice of innovation strategies, Ukrainian business structures are more likely to choose organisational change strategies, marketing strategies, product strategies and information strategies, i.e. those that need little investment. The practical significance of the study lies in the possibility of using the results obtained by Ukrainian business structures implementing innovations to produce new types of higher quality products at lower costs.

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.

ПРИНЦИПИ РОЗВИТКУ ІННОВАЦІЙНОЇ ДІЯЛЬНОСТІ ПІДПРИЄМСТВ В УМОВАХ ЕКСТРЕМАЛЬНИХ СИТУАЦІЙ

In times of crisis, it is crucial to define the principles that will guide the innovative strategy of enterprises. This is necessary to be prepared for unforeseen challenges and to successfully adapt to changes. These principles help manage resources, ensuring flexibility, swift reaction, and risk reduction. Such an approach also fosters the creation of a corporate culture focused on innovation and continuous learning, making the company attractive to talented employees and investors. Furthermore, clear formulation of principles ensures adherence to high standards of ethics and responsibility in the company's activities, promoting stability and development in complex situations. The analysis of the development of innovation activity of enterprises in extreme situations has shown that the proper implementation of specific principles is crucial for ensuring resilience, adaptability, and innovative capacity of organizations. It has been argued that flexibility and adaptability, risk anticipation, quick response, cooperation and partnerships, resilience orientation, innovation culture, continuous learning, as well as ethics and responsibility are key elements that contribute to preparing and providing adequate responses of companies to unforeseen changes. It has been reasoned that such principles facilitate successful resolution of crisis situations and provide companies with opportunities for innovative development and longterm growth. This is achieved through the creation of adaptive systems capable of quickly responding to external changes and through the formation of strategic partnerships that expand resources and competencies. Therefore, the comprehensive and systematic application of the mentioned principles allows companies to effectively adapt to modern challenges and actively shape the future, where innovation serves as a means of ensuring business resilience and social responsibility. The application of the presented set of principles for the development of innovative activities is critically important for ensuring the resilience of enterprises in extreme situations. Principles such as flexibility, collaboration, innovation culture, and continuous learning contribute to the survival of companies and their long-term development and innovative progress. Responsible and ethical approaches to innovation in times of crisis help companies establish themselves as reliable and responsible market participants.

Advancements in environmental practices within Russia's chemical sector

The research is focused on exploring the theoretical aspects of environmental innovation implementation. It would be beneficial to consider the management of environmental innovation at the enterprises of the chemical industry. It is worth noting that this industry plays a significant role in environmental pollution. Through the introduction of environmental innovation, there is potential to not only reduce emissions and waste generation in the production of goods and services, but also to improve economic and social indicators. Such measures may well lead to increased competitiveness in the long term. The paper examines the innovation activity of enterprises engaged in the production of fertilizers and nitrogen compounds, soap and detergents, plastics and synthetic resins in primary forms, and synthetic rubber. We hope to shed light on the main directions of introduction of ecological innovations in the process of production of goods and services in the chemical industry of the Russian Federation.

The impact path of uncertain economic policy on the high-quality development of technology-based innovative enterprises

Abstract In recent years, macroeconomic policies have been characterized by significant uncertainty. This context of uncertainty has made it imperative to explore strategies that enterprises can adopt to pursue high-quality development. This paper specifically investigates the impact of economic policy uncertainty on science and technology enterprises. We categorize the productive activities of these enterprises into two types: technology-oriented and market-oriented. The paper further preprocesses the samples based on these categories. For analytical purposes, we employ the Cobb-Douglas production function to assess the level of enterprise development. A fixed-effects regression model is utilized, incorporating both control variables and mediating variables. Our baseline regression analysis reveals that the fintech coefficient for science and technology enterprises stands at 0.0721 without control variables and 0.0775 with them, demonstrating significance at the 1% level. These results suggest a positive correlation between economic policy uncertainty and the technology innovation activities of enterprises. Moreover, our findings indicate that economic uncertainty exerts a moderating effect on enterprise innovation. Specifically, the regression coefficients of economic uncertainty are −0.301, −4.687, and −3.154, while the industry characteristics regression coefficient is positive and significant at the 1% level. This pattern indicates that economic uncertainty significantly inhibits R&D investment in high-tech enterprises, adversely affecting their high-quality development.

ІННОВАЦІЙНА АКТИВНІСТЬ ДЕРЕВООБРОБНОЇ ПРОМИСЛОВОСТІ УКРАЇНИ: АНАЛІТИЧНИЙ ОГЛЯД

This article provides an analytical review of the innovation activity in Ukraine’s woodworking industry, examining the dynamics of change, the main challenges and opportunities that arise in this sphere. The aim of the article is to review and analyze the innovation activity in Ukraine’s woodworking industry in order to identify key trends, challenges, and opportunities that influence its development in the context of contemporary military and economic realities. The woodworking industry in Ukraine has significant potential for development thanks to its natural resources and geographical position. However, modern global trends and internal economic challenges require the industry to adapt and innovate. It has been found that the Ukrainian woodworking industry faces challenges related to a decrease in innovation activity and investments in the sector. The decline in innovation activity over recent years threatens not only the competitiveness of Ukrainian enterprises in the global market but also their ability to sustain development. This has occurred against the backdrop of economic difficulties, insufficient state support for innovations, as well as the onset of full-scale war and global economic challenges. With the decrease in the number of innovation-active enterprises in the woodworking industry, the need to update the technological base, develop new products that can be recycled or reused, and implement energy-saving technologies becomes important. Such steps can help increase efficiency and reduce the environmental impact of production processes. While overall innovation expenditures in Ukraine have decreased, in some sectors, such as industry, there is an increase in innovation spending, indicating a continued interest in innovation in these areas. An important aspect is also focusing on the eco-friendliness of production and implementing innovations aimed at reducing the negative impact on the environment, which can become a competitive advantage and an important element of a sustainable development strategy. In the context of sustainable development and post-war recovery in Ukraine, these data indicate the need for reinvestment in innovation to support the long-term growth of the woodworking industry. It is important to focus on supporting and stimulating innovation to ensure the dynamic development of the industry, which can contribute to the economic recovery of the country and its long-term stability.

Statistical Assessment of the Product Innovation Impact on Employment and Wages in Ukrainian Industry

Innovation activity of industrial enterprises is one of the most important prerequisites for the socio-economic development of the country. Innovations contribute to the growth of labor productivity, value added and profit, and, consequently, to an increase in the level of wages. Studies of patterns of the product innovation impact (measured as an indicator of the share of innovative products in industrial sales) on employment and wages in the industrial sector of the economy has, therefore, significant theoretical and practical importance. The purpose of the article is a statistical assessment of the relationships between product innovation and employment, as well as between product innovation and wages in Ukrainian industry. Analytical confirmation of a significant decrease in the level of product innovation and employment in Ukrainian industry over the past decades is provided. Using correlation-regression analysis methods, it was empirically proven that there is a high positive correlation between the innovativeness of products and the share of industry in the employment structure of the Ukrainian economy. A regression model was built, allowing to determine how the employment in Ukrainian industry will change with changing the product innovativeness by 1 pp. Almon’s method was used to build a distribution-lag model (with a lag of three years) reflecting a high positive dependence of the index of average monthly salary of a full-time employee in the Ukrainian industry on the growth of the product innovation index. On the basis of proven regularities, a deterministic econometric model for optimization of the technological structure of realized industrial products and innovative products in the context of manufacturing industry was developed and tested at the level of Ukraine; the model was used in estimations by linear programming technique. The optimization criterion is a product innovation increase. The results of modeling lay a theoretical basis for strategic macroeconomic planning and socio-economic forecasting, as they allow for choosing a target optimization function at which wages in the manufacturing industry of Ukraine will reach the desired value.
 Innovative activity of industrial enterprises is one of the most important prerequisites for the socio-economic development of the country. Innovations contribute to the growth of labor productivity, added value and profit, and as a result, to an increase in the level of wages. Accordingly, the study of patterns of impact of product innovation (expressed as an indicator of the share of innovative products in the volume of industrial products sold) on employment and wages in the industrial sector of the economy has significant scientific and applied importance. The purpose of the article is a statistical assessment of the relationships between product innovation and employment, as well as between product innovation and wages in Ukrainian industry. Analytical confirmation of a significant decrease in the level of product innovation and employment in Ukrainian industry over the past decades. With the help of correlation-regression analysis methods, it has been empirically proven that there is a high direct relationship between the innovativeness of products and the share of industry in the structure of employment in the Ukrainian economy. A regression model has been built, with the help of which it is possible to determine how employment in Ukrainian industry will change when the innovativeness of products changes by 1 p.p. Using Almon’s method, a distribution-lag model (with a lag of three years) was built, which reflects the high direct dependence of the index of the average monthly salary of a full-time employee of the Ukrainian industry on the growth of the index of product innovation. On the basis of proven regularities, a deterministic economic-mathematical model for optimization of the technological structure of realized industrial products and innovative products in the context of production of the processing industry was developed and tested at the level of Ukraine, which was solved by the method of linear programming. The optimization criterion is the increase in product innovation. The results of modeling form a scientific basis for strategic macroeconomic planning and forecasting of socio-economic development, as they allow choosing such a target optimization function at which wages in the processing industry of Ukraine will reach the desired value.

Assessment of the Impact of Investments in Fixed Capital on the Economic Growth of the Northern Regions of the Russian Federation

The purpose of the study. Despite the fact that a significant amount of research work has been accumulated on northern and Arctic topics, there is a lack of relevant research on the relationship between investments in fixed assets and economic growth for the northern regions of the Russian Federation. At the same time, northern regions are a special object of management: the specificity of the North breaks the usual ideas and patterns, making standard approaches to managing economic growth unacceptable or less effective. Currently, in the practice of strategic planning of investment activities in the North, there is a formal approach to the development of relevant documents: investment strategies are not always developed for a long-term period, they are generally not updated, the semantic content remains focused on the existing structure of production, the specifics of investment activity are not sufficiently reflected when setting goals regarding the natural and material characteristics of investment flows. The goal of the paper was to obtain quantitative estimates of the impact of capital investments on the economic growth of the northern region, which will allow a more reasonable approach to determining the values of target indexes and establishing the economic effect of planned investments.Materials and methods. For the northern regions of the Russian Federation, a retrospective analysis of the implementation of the relationship between the level of investment and incremental capital intensity (investment costs per unit of absolute growth in the gross regional product), as well as the level of investment and growth of the gross regional product, was carried out. An analysis of regional panel data from 12 northern regions of the Russian Federation was carried out to determine the influence of resource, investment, and innovation factors on the economic growth of the northern region.Results. High levels of economic dynamics in the northern region can only be achieved with a larger volume of investment compared to other regions of the country. Thus, an increase in gross regional product above 3% in a northern region is usually observed if the level of investment significantly exceeds the Russian average, i.e. is more than 30%. Based on the results of the panel analysis, estimates of the influence of investment and innovation factors on the economic growth of the northern region were obtained: an increase in the level of investment by 10 percentage points corresponds to an increase in the gross regional product of the northern region by 1.1%, an increase in the share of innovative goods, works, services by 10 percentage points corresponds to an increase in the gross regional product by 1.6%, an increase in the share of gross value added by the section of the AllRussian Classifier of Economic Activities “Extraction of Minerals” in the gross regional product by 10 percentage points corresponds to an increase in gross regional product of 6.7%.Conclusion. The economic growth of the northern region is significantly influenced by the degree of concentration of the economy on extraction of minerals. The innovative activity of enterprises and increased investment levels have a positive impact on regional economic dynamics. The positive effect that occurs when the level of investment in neighboring regions increases is also important. The presence of “northern value appreciation” continues to be a feature of investment processes in the North.

Institutional substantiation of innovative attractiveness of dairy industry enterprises

The article research’s theoretical and methodological approaches to the interdependent interpretation of the definitions of “invention”, “scientific-technical developments”, “innovations”, “competitive business” and reveals the dominance of the methodology of the largely autonomous identification of the categorical apparatus under study and the tools for its implementation in business. Studied the legal framework of scientific-technical and innovative activities in the Republic of Belarus. Substantiate institutionalization of the innovation attractiveness of the functioning of national innovation-active enterprises of the dairy industry.

Strategie innowacji produktowych chińskich producentów na rynku samochodów elektrycznych

Product innovation strategies of Chinese EV manufacturers Climate change and the effects of global warming are one of the most important problems in the modern world. The effects of these phenomena affect the everyday life of societies and the functioning of enterprises, industries, and entire sectors of the world economy. Therefore, appropriate legal and economic regulations have been and are being introduced at state level. Reducing exhaust emissions is the primary goal of electrification of the automotive industry, because the internal combustion engine is inefficient in terms of energy (it burns a lot of fuel and emits large amounts of harmful exhaust gases). The result of this transformation of the automotive industry is the creation of a new product, the electric car (EV), which makes possible the decarbonization of transport. In 2022, global EV sales totaled 10.5 million units, an increase of 55% compared to the previous year. The largest increase in EV sales in the world was once again recorded in China: by 82% year-on-year. China is by far the largest EV market, accounting for 59% of global EV sales in 2022. Currently, the dynamic nature of the market environment for electric car companies influences the development of product innovations. The basis for shaping product strategies is the company’s designated goal, the size and structure of its resources, and its innovative potential. The size and structure of the resources at its disposal and its skills (especially in the field of research and development, technology and financial resources) determine the possibilities of taking creative actions in the field of products. This potential directly affects the range of products offered, their technical level and quality. Activities located within the company’s long-term strategy should take into account changes in buyer preferences, technological progress, activities of competitors, as well as innovative activities of enterprises from supporting industries. Vehicle manufacturers are introducing more and more EV models, contributing to the electrification of road transport. They see the direction of development in the coming years and know that the expansion of the BEV market is inevitable. However, many automakers have different strategies for transitioning to EVs. Tesla has been producing EVs from the beginning and has become a market leader, meeting consumer expectations by introducing various product innovations in terms of energy consumption, charging speed, and range on a single charge. Chinese manufacturers, like BYD or Geely, have started to play a significant role in this race. The aim of the article is to discuss the basic forms of product innovation used by Chinese EV manufacturers. Additionally, the authors of the article try to answer the question as to whether Chinese EV manufacturers are able to achieve a significant share in other world markets by using product innovations in their EV vehicles, compared to their competitors’ meeting customer needs.

PROFIT AS A SOURCE OF FINANCING THE INVESTMENT ACTIVITIES OF AN AGRICULTURAL ENTERPRISE

The article examines the profit of agrarian enterprises as a source of financing innovation and investment activities. It is concluded that the efficiency of the enterprise's innovation and investment activity depends, first of all, on the type of innovation, the scope of application and expected consequences, the amount of costs associated with their appearance, the real consequences of capital investment, in particular, profit. The state of agriculture in Ukraine for 2017-2021 was analyzed according to the following indicators: capital investment in agriculture; the share of enterprises that made a profit; the share of enterprises that suffered a loss; Net profit; amount of net profit per 1 s.-y. enterprise; level of profitability of activity; the level of profitability of the economy as a whole. It was determined that the increase in the level of investment attractiveness of agriculture is due mainly to the lower cost of production of agrarian products compared to its analogues abroad, favorable natural and climatic conditions for obtaining high yields of agricultural products under the condition of applying innovation technologies for its cultivation, as a result, the formation of a sufficient fodder base for livestock, historically recommended by the national traditions of production of agriculture of high taste qualities. It was determined taking into account the realities of the modern age, that the internal amount of resources for the implementation of innovation and investment activities of agrarian enterprises is extremely insufficient to ensure the expanded reproduction of capital and the innovation renewal of production. With in view of the priority state challenges regarding the re-distribution of state budget funds for the purposes of development of a specific period, spheres and branches of the country's economy, the emphasis on state support is objectively shifted and directed to ensuring state security. This obliges agrarian enterprises of Ukraine to increase their investment attractiveness regarding the possibility of attracting foreign direct investments and financial investments, which become a real source of funding for their innovation and investment activities.

Digital transformation of industrial enterprises innovative activities management system

The implementation of the Concept of Scientific and Technological Development of Russia until 2030 involves a radical transformation of the usual way of modern business. First of all, it focuses on eliminating the gap in the pace of innovative economic growth of the domestic industrial structure from the world leaders through the use of digital and new information technologies, increasing the efficiency of the growth of economic processes and business models. The purpose of the scientific article is to study the possibilities of digitalization of the innovation management system and develop scientific and practical recommendations for the introduction of new technologies in Russian industrial enterprises. In the process of achieving this goal, the methods of statistical, portfolio, structural analysis and synthesis, generalization, analogy, system analysis were used. Based on the results of the analysis carried out by the author, recommendations were made to improve the efficiency of the system for managing the innovation activity of industrial enterprises. Scientific conclusions and proposals are of high importance for the development of theoretical and methodological provisions of innovation management and acceleration of economic and innovative growth of the Russian economy. Thus, scientific and practical recommendations and conclusions formed in the work can act as a methodological and information base for the management of enterprises in the implementation of a set of actions to ensure effective management of innovation activities and improve the methodological tools of innovation management using modern digital technologies.

The Relationship between Alumni Network and Exploratory Innovation: The Mediating Role of Enterprise Risk-Taking

In an increasingly open innovation environment, executives, as the core of corporate management and the main body of decision-making and execution, play a significant role in implementing innovation-driven development strategies. Based on executives’ educational background, we constructed an executive alumni network platform using data from Chinese A-share listed companies from 2007 to 2019, and calculated the centrality indicators. The aim was to comprehensively explore the relationship between alumni networks and exploratory innovation in enterprises, and examine the mediating effect of enterprise risk-taking. Empirical results show that executive academic background networks can promote the development of exploratory innovation activities in enterprises. In other words, these networks provide the social relationships and trust foundation necessary to support innovation effectively. Enterprise risk-taking plays a mediating role in the relationship between alumni networks and exploratory innovation, underscoring the importance of risk-taking. Further research reveals that alumni networks have a significant positive impact on the sustainability of innovation, emphasizing the long-term value for corporate innovation. These findings demonstrate that alumni networks play a critical role in corporate innovation activities and provide theoretical support for advancing research in corporate innovation and sustained development.

Розвиток підприємницьких структур на основі впровадження сучасних організайно-технологічних систем

tems. Review article. The article deepens the understanding of modern innovative entrepreneurship – a multi-level object of research. Innovations are one of the main factors in ensuring the economic development of an enterprise. In addition to the introduction of innovative technologies, it is necessary to have organizational and managerial methods for carrying out innovative activities. Given the objective of the study, the concepts of "system" and "organization" are analyzed and clarified. The article considers innovation-active entrepreneurship as one of the types of social systems, as an important component of modern innovative development of Ukraine in difficult military conditions. Identification of the factors influencing innovation-active enterprises allows to determine what will hinder or, on the contrary, facilitate the introduction of new mechanisms. The article analyzes the process of formation of organizational and technological systems, which are considered as the basis for the development of impulses, elements of the mechanism. The reason for the creation of a variety of organizational and technological systems is the ability of their elements to receive, identify and perceive information and analytics, i.e. to create connections.