scholarly journals GENERATING AN ENTERPRISE INNOVATION DEVELOPMENT STRATEGY IN THE CONTEXT OF INDUSTRY 4.0

2021 ◽  
Vol 10 (34) ◽  
Author(s):  
A.A KUZUBOV ◽  
◽  
N.V SHASHLO ◽  
Keyword(s):  
Development Strategy ◽  
Industry 4.0 ◽  
World Market ◽  
Global Scale ◽  
Added Value ◽  
Innovative Development ◽  
Stages Of Development ◽  
Innovation Activities ◽  
Enterprise Innovation ◽  
Leading Enterprises

The issue of intensification of innovative activity by enterprises is becoming one of the defining issues in modern conditions of their activity, especially if we take into account the ever-growing influence of Industry 4.0. today, it is industry 4.0 that determines the development trends for most enterprises that aim to increase their own competitive advantages and strengthen their positions in the world market. Most of the world's leading enterprises are already actively intertwining their own innovation activities with the challenges of Industry 4.0, which allows them to find new solutions and achieve the desired results at lower costs and with greater added value. Accordingly, there is a need to adapt innovation to Industry 4.0, which is influenced by the concept of "strategy for innovative development", which requires further detailed research. The article defines the features of economic development, innovation and the main factors of influence. The article examines the essence and trends of Industry 4.0 on a global scale, analyzes and highlights the main areas of implementation of Industry 4.0 achievements in enterprises, as well as ways to create surplus value. The stages of development of strategy of innovative development of enterprises, proposed by Russian and foreign scientists, and the stages of development of strategy of innovative development in the context of Industry 4.0

scholarly journals FORMATION OF THE STRATEGY OF FORWARD-LOOKING INNOVATIVE DEVELOPMENT IN INDUSTRY 4.0

2019 ◽  
pp. 53-61 ◽  
Author(s):  
Nataliia Letunovska ◽  
Liudmyla Saher ◽  
Liubov Syhyda
Keyword(s):  
Industry 4.0 ◽  
Global Scale ◽  
Global Market ◽  
Innovative Activity ◽  
Added Value ◽  
Innovative Development ◽  
Leading Enterprises ◽  
Additional Value ◽  
Theoretical Foundations ◽  
Forward Looking

Introduction. The issue of the enterprises’ innovative activity intensification is one of the most important in the current conditions. Especially, if we take into account the increasing influence of Industry 4.0. Today, Industry 4.0 defines development trends for most enterprises, aiming to increase their own competitive advantage and strengthen their position in the global market. Most of the world's leading enterprises have already actively considered challenges of Industry 4.0 in their innovative activities. It allows them to find new solutions and achieve the desired results at lower costs and with higher added value. Accordingly, there is a need for adaptation of enterprises’ innovative activity to Industry 4.0. That is the reason why the concept of “strategy of forward-looking innovation development” is formed. And this concept requires further detailed research. Purpose. The article aims to analyse the process of the strategy of forward-looking innovative development forming as an important part of enterprises' innovative activity in the conditions and trends of Industry 4.0. Method (methodology). In the article, the following methods of scientific research have been used: method of system and structural and logical analysis (in the study of the theoretical foundations of innovative activity and the essence of Industry 4.0); method of comparative analysis and method of generalization ( in researching the scientists’ opinions on the stages of strategy of innovative development formation and the development of the author's vision of the process of the strategy of a forward-looking innovative development implementation). Results. The conducted research has allowed to obtain the following results: the features of the forward-looking economic development are defined; specifics of enterprise's innovative activity are identified; and the main factors of influence are determined; the essence and trends of the Industry 4.0 on a global scale are analysed, the main areas of Industry 4.0 achievements’ implementation at enterprises and the ways of additional value creation are analysed; the stages of the strategy of innovative development forming at the enterprises, offered by domestic and foreign scientists, are considered, and the stages of the strategy of forward-looking innovative development formation in the conditions of Industry 4.0 are determined.

scholarly journals Big Data as the basis for the innovative development strategy of the Industry 4.0

2019 ◽  
Vol 477 ◽  
pp. 012045 ◽  
Author(s):  
T Latinovic ◽  
D Preradović ◽  
C R Barz ◽  
A Pop Vadean ◽  
M Todić
Keyword(s):  
Big Data ◽  
Development Strategy ◽  
Industry 4.0 ◽  
Innovative Development

scholarly journals The role of the banking system in the innovative development of economy

2019 ◽  
pp. 81-101 ◽  
Author(s):  
Oleksandr Dziubliuk
Keyword(s):  
National Economy ◽  
Banking System ◽  
Innovation Process ◽  
World Market ◽  
Innovation Activity ◽  
Innovative Development ◽  
Innovation Potential ◽  
Innovation Activities ◽  
Lending Activity

The article gives a rationale for rebuilding the country’s innovation capacity as a key task of the current economic policy of the state, since it is the use of innovations that is extremely important for successful business activity and for obtaining competitive advantages in the world market. The subject matter of the study is the role of banking system, whose lending activity can serve as a powerful source for funding innovation, which, in turn, is seen as a key driver for investment and economic growth. The purpose of the research paper is to substantiate the appropriate theoretical and methodological approaches to understanding the role of the banking system within the framework of stimulating innovative development of the economy. The article critically analyzes the current state of innovation activity in Ukraine and systematizes the main factors restraining the innovative development of the economy. Particular attention is paid to the lack of funding for innovation, the ineffective structure of the national economy, and insufficient state financial support. The lack of an adequate level of funding for innovation activities of enterprises is identified as one of the main constraints on the introduction of innovations and enhancement of innovation potential. It is stressed that the limited amount of own funds and the objective difficulties in attracting foreign financial resources of investors are usually the main reasons for the low degree of innovation activity of enterprises in Ukraine. It is argued that it is the banking system that can act as the main institutional element of the innovation infrastructure, which has the proper organizational, technological and financial potential, sufficient for accumulation and redistribution of those investment resources that are necessary for activating the innovation process in the national economy. The advantages of banks in comparison with other participants of the financial market are determined, which determines the key role of the banking system in the innovative development of the economy. The author articulates a set of organizational, institutional and economic measures at the macro- and micro-levels which can contribute to incorporating the banking system into the framework of stimulating innovation processes.

scholarly journals Enterprise innovation development strategy

2021 ◽  
Vol 82 (4) ◽  
pp. 313-318
Author(s):  
V. G. Lutchenko ◽  
A. I. Khorev ◽  
L. O. Zhitinskaya ◽  
N. M. Parshin ◽  
S. V. Ionov
Keyword(s):  
Development Strategy ◽  
Innovative Development ◽  
Competitive Advantages ◽  
Economic Decisions ◽  
Innovative Products ◽  
Enterprise Innovation ◽  
Long Term Forecasting ◽  
Goals And Objectives

In the innovative development of an enterprise, an important role should be played by the determination of methods for ensuring a long-term direction of development by choosing an algorithm of actions, that is, a sound strategy based on economic decisions, business approaches, ways of their implementation, and establishing relationships with other subsidiaries of the integrated structure. In conditions of tough competition in the markets, the only way to ensure competitive advantages for an enterprise can only be strategic management of innovative development, which is capable of providing long-term forecasting and implementation of the innovative goals and objectives set in the strategy. There are quite a few formulations and varieties of strategies for innovative development, among which the most characteristic types can be distinguished: offensive - typical for enterprises that base their activities on the principles of entrepreneurial competition and the creation of "breakthrough" innovations; defensive - aimed at maintaining competitive positions in existing markets; imitation - aimed at copying the consumer properties of innovations from other enterprises; “Niche” - aimed at adapting to narrow market segments with products with unique characteristics associated either with differentiation or with low costs. The mission of innovative development is formulated as follows: "The company guarantees its shareholders adherence to the innovative direction of development by developing and manufacturing high-quality innovative products that are not inferior to the best foreign models and generating high employee incomes, fulfilling obligations to society and profit to shareholders." Implementation of the strategy of innovative development should be reduced to constant monitoring of its implementation and adjustments, taking into account the changing external environment and internal conditions of the enterprise. This function at the analyzed enterprise is performed by the management of the enterprise, since its functions include not only the formulation of the strategy, but also the choice of methods for its implementation, as well as control and, if necessary, its adjustment.

scholarly journals Improving the innovative development management of Zaporizhzhia region’s industrial complex

2021 ◽  
Vol 107 ◽  
pp. 06002
Author(s):  
Tetiana Pulina ◽  
Nadiia Shmygol ◽  
Oleksii Narivs’kyi ◽  
Władysława Łuczka ◽  
Yeugeniia Shmygol
Keyword(s):  
Development Strategy ◽  
Desirability Function ◽  
Innovative Activity ◽  
Strategic Analysis ◽  
Industrial Complex ◽  
Innovative Development ◽  
Development Management ◽  
Innovation Activities ◽  
Good Ability ◽  
Industrial Complexes

The paper carries out the strategic analysis of innovative possibilities of Zaporizhzhia region’s industrial complex and investigates the indicators of innovative activity of industrial complexes of Zaporizhzhia region and Ukraine by Harrington’s generalized desirability function. The evaluation results prove the “good” ability and readiness of the industrial complex of Zaporizhzhia region and Ukraine to carry out effective innovation activities. However, according to the comparative assessment of the innovative activity of Zaporizhzhia region’s industrial complex and Ukraine’s one, Zaporizhzhia region’s industrial complex is found to lag 9.2% behind Ukraine’s. A cluster development strategy is suggested to improve the innovative development management of Zaporizhzhia region’s industrial complex.

scholarly journals Modeling the Selection of Innovative Strategy for Development of Industrial Enterprises

2022 ◽  
Vol 19 ◽  
pp. 278-291
Author(s):  
Nadya Mironova ◽  
Hanna Koptieva ◽  
Iryna Liganenko ◽  
Ayta Sakun ◽  
Daryna Chernyak
Keyword(s):  
Development Strategy ◽  
Methodological Approach ◽  
Innovative Development ◽  
Innovative Strategy ◽  
Industrial Enterprises ◽  
Innovation Potential ◽  
Total Potential ◽  
Innovation Activities ◽  
The Matrix ◽  
Selection Of

The assessment of the state of the innovation sphere of Poland in relation to the world level shows that Poland has educational and scientific potential allowing to produce scientific ideas and developments but the level of their commercialization remains low. As a result, Poland lags in terms of such criteria for the development of innovation sphere as labor productivity and financial support for innovation activities. The methodological basis of the study is the theory of fuzzy sets and the matrix approach — in modeling the selection of strategies to stimulate innovative development of industrial enterprises. The construction of a matrix of strategies is based on the diagnosis of the total potential of industrial enterprises and the level of its implementation in the innovation sphere. Modeling of the selection of innovation development strategy for industrial entities based on the use of fuzzy set theory in assessing the level of investment attractiveness and innovation potential of enterprises is carried out. Based on the proposed methodological approach, the strategic directions of innovative development of three Polish industrial enterprises are substantiated.

Financial and Economic Support of Innovation Processes in the Russian Fuel and Energy Complex

2019 ◽  
Vol 12 (3) ◽  
pp. 77-85
Author(s):  
L. D. Kapranova ◽  
T. V. Pogodina
Keyword(s):  
Oil Recovery ◽  
Large Scale ◽  
Oil And Gas ◽  
New Technologies ◽  
Innovative Development ◽  
Oil Reserves ◽  
Energy Complex ◽  
Innovation Activities ◽  
Substantial Investment ◽  
The Government

The subject of the research is the current state of the fuel and energy complex (FEC) that ensures generation of a significant part of the budget and the innovative development of the economy.The purpose of the research was to establish priority directions for the development of the FEC sectors based on a comprehensive analysis of their innovative and investment activities. The dynamics of investment in the fuel and energy sector are considered. It is noted that large-scale modernization of the fuel and energy complex requires substantial investment and support from the government. The results of the government programs of corporate innovative development are analyzed. The results of the research identified innovative development priorities in the power, oil, gas and coal sectors of the fuel and energy complex. The most promising areas of innovative development in the oil and gas sector are the technologies of enhanced oil recovery; the development of hard-to-recover oil reserves; the production of liquefied natural gas and its transportation. In the power sector, the prospective areas are activities aimed at improving the performance reliability of the national energy systems and the introduction of digital technologies. Based on the research findings, it is concluded that the innovation activities in the fuel and energy complex primarily include the development of new technologies, modernization of the FEC technical base; adoption of state-of-the-art methods of coal mining and oil recovery; creating favorable economic conditions for industrial extraction of hard-to-recover reserves; transition to carbon-free fuel sources and energy carriers that can reduce energy consumption and cost as well as reducing the negative FEC impact on the environment.

ANALYSIS OF INNOVATION ACTIVITIES OF ENTERPRISES OF KAZAKHSTAN

2020 ◽  
Vol 384 (2) ◽  
pp. 137-145
Author(s):  
Zh. Abylkassimova ◽  
G. Orynbekova ◽  
М. Alibayeva ◽  
O. Osadchaya
Keyword(s):  
Key Words ◽  
Added Value ◽  
Human Potential ◽  
Innovation Activity ◽  
Factors Affecting ◽  
Innovation Potential ◽  
Innovation Activities ◽  
Innovation Economy

The article noted that the development of the innovation potential of enterprises in the regions of Kazakhstan contributes to the transition of the innovation economy, where goods with high added value will be produced. The article examines the factors affecting the innovation activity of the regions, considers the dynamics of innovation activity and identifies problems and tools for the development of innovative entrepreneurship. Key words: innovation, innovation activity, region, industrialization, human potential, infrastructure

PRACTICES OF DEVELOPMENT AND IMPLEMENTATION STRATEGY FINANCIAL POLICY OF HIGHER EDUCATION INNOVATION OF UKRAINE

2017 ◽  
pp. 72-83
Author(s):  
Vitaliy MARTYNIUK
Keyword(s):  
Higher Education ◽  
Development Strategy ◽  
State Regulation ◽  
The State ◽  
Direct Result ◽  
Financial Policy ◽  
Innovative Development ◽  
Efficient System ◽  
Social Standards ◽  
Key Factor

Introduction. Article reviews the current state and key aspects of financial policy in higher education and it’s innovative development in Ukraine. Through education institutions achieved increase of social standards, needs and increase welfare, increase the competitiveness of the state as a whole. Purpose. The purpose of this paper is to determine the characteristics of the development strategy of financial policy of innovative development of higher education and finding ways to improve its implementation. Results. The article deals with the importance of an innovative approach to the development of financial strategy in higher education. The ways to improve the effectiveness of the financial policy of innovative development of higher education are defined. Today an important form of state regulation of the economy is macroeconomic planning and forecasting. Conclusion. Innovative development of higher education is the foundation of economic growth of the economy and improvement of social standards. The financial policy of the state in this area is aimed, ultimately, to ensure the welfare of all members of society. Achieving high rates of innovation in the field of higher education facilities by building efficient system of economic mechanisms of financing. Important direct result of providing innovative educational services not only to order the state or the employer, but also on the personal needs of citizens in their development. The level of education is a key factor the ability of the workforce to adapt to new conditions, increase overall efficiency, etc.

scholarly journals Environmental Taxes and Innovation in Chinese Textile Enterprises: Influence of Mediating Effects and Heterogeneous Factors

2021 ◽  
Vol 13 (8) ◽  
pp. 4561
Author(s):  
Yabin Yu ◽  
Hua Cheng
Keyword(s):  
Capital Investment ◽  
Economic Behavior ◽  
Property Right ◽  
Environmental Taxes ◽  
Innovation Activity ◽  
Environmental Tax ◽  
Capital Input ◽  
Innovation Activities ◽  
Enterprise Innovation ◽  
Innovation Capital

Climate change and environmental conditions call for more attention to be paid to eco-friendly economic behavior. As a market-oriented environmental regulation, environmental tax can stimulate and guide enterprises’ environmental innovation in a neutral way. However, what elements connect the environmental tax and enterprise innovation activity together? Are all the enterprises’ innovation activities affected by the environmental tax in the same way? To answer the questions, the study uses the data of Chinese textile listed companies between 2004 and 2018 to explore the intermediary role of manpower and capital investment in the innovation chain and further analyze the influence of the heterogeneous factors such as property right, segmented industry, and region. The results show that the environmental tax can effectively promote the innovation capital input of Chinese textile enterprises, and the innovation manpower input plays a partial mediation role. At the same time, environmental tax can effectively promote the innovation performance output of Chinese textile enterprises, and innovation capital input plays a complete mediation role. In addition, heterogeneous factors such as property right, segmented industry and region will affect the relation of environmental tax to innovation input and output quality and greenness to varying degrees. The study makes a profound analysis of the relation of environmental tax on Chinese textile enterprises innovation by using the microdata at the enterprise level, providing a more targeted reference for making policies in the future.

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