SCIENTIFIC APPROACH TO DETERMINING THE VECTORS OF INNOVATIVE DEVELOPMENT OF INDUSTRIAL ENTERPRISES

Alla Dunska (), Kateryna Boiarynova () and Maryna Kravchenko ()
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Alla Dunska: National Technical University of Ukraine «Igor Sikorsky Kyiv Polytechnic Institute», Ukraine
Kateryna Boiarynova: National Technical University of Ukraine «Igor Sikorsky Kyiv Polytechnic Institute», Ukraine
Maryna Kravchenko: National Technical University of Ukraine «Igor Sikorsky Kyiv Polytechnic Institute», Ukraine

Baltic Journal of Economic Studies, 2021, vol. 7, issue 4

Abstract: The purpose of the paper is to form a scientific and methodological approach to determining the vectors of innovative development of industrial enterprises as a tool for establishing the trajectory of innovation in terms of development of innovation potential and environmental impact. Correlation analysis of these factors as indicators of external (external environment of the enterprise) and internal (innovative potential) environment based on the nature and direction of influences allows to establish the vector of development, and the construction of a forecast model of economic results confirms its correctness. Methodology. The research used its own methodological developments, correlation analysis, formed the parameters of the external environment, innovation potential, the results of enterprises. The approach was tested at the enterprises of the pulp and paper industry of Ukraine, which proved its effectiveness and efficiency. Results. The ideology of the proposed approach on the combination of organizational and managerial aspects of innovative development with economic indicators is formed and substantiated. The types of target innovation orientation of the enterprise, which is formed into a bipolar matrix, are determined. Based on the corresponding trajectory of the transition between the components of the matrix, three key vectors of development are formed: innovation-adaptive, innovation-balanced, innovation-concentrated. Practical implications. On the example of enterprises of the pulp and paper industry their vectors of development, forecast indicators of profit and sales revenues as an economic effect of following the vector direction and the trajectory of innovation are designed. Value/originality. The developed scientific and methodological approach involves the establishment of the vector of innovative development of the enterprise on the interdependence of innovation potential and the nature of the impact of the external environment, which provides an opportunity to predict the results of its operation.

Keywords: innovative development; vectors; industrial enterprise; methodical approach (search for similar items in EconPapers)
JEL-codes: L65 M11 O32 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:bal:journl:2256-0742:2021:7:4:27

DOI: 10.30525/2256-0742/2021-7-4-231-242

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