The influence of innovative activities on the financial efficiency of the enterprise

Iryna Kravchuk

E-Forum Working Papers, 2022, vol. 12, issue 3, 172-178

Abstract: In the article the factors of influence are certain on innovative activity of enterprise. Offered system model of intercommunication of innovative activity and financial efficiency that gives an opportunity to define influence of changes in the structure of enterprise on general efficiency of activity of organization. The presented group of indexes is for the analysis of financial efficiency. On the basis of research of existent approaches of home and foreign scientists to interpretation of concepts "innovative activity" and "financial efficiency" the own understanding is set forth as a strategic process of updating on innovative principles in all basic components of frame of society, orientation on creation of commodity and technological innovations. The basic lines of innovative activity of enterprise that is pre-condition of structural changes and competitiveness are certain. A research object is a process of providing of development of innovative activity as component financial efficiency of enterprise. As the article of research theoretical, methodological principles of development of innovative activity come forward as component financial efficiency of enterprise. In modern terms innovative activity of enterprise acquires new maintenance and is one of pre-conditions of development of leading enterprises and increase of them competitive edges on world markets. She envisages priority of innovative spheres, conditioning for development of innovative economy, наукомістких spheres of activity, that provide economic progress and world leader positions on markets. In addition, the rapid rates of height of updating of enterprise bring internalss over of commodities and services to the increase of requirements, to the variety of their kinds, accordingly, the dynamic increase of enterprise depends on his ability to adapt oneself to the technological changes, and increase productions - from innovations

Keywords: innovative activity; financial efficiency; innovations; innovative activity; financial indicators (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:cuc:eforum:v:12:y:2022:i:3:p:172-178

DOI: 10.36910/6775-2308-8559-2022-3-22

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