INNOVATION MANAGEMENT OF THE ENTERPRISE IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT

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Abstract

The article is aimed at establishing the features of the introduction of enterprise innovation management in the conditions of sustainable development and developing a new method for evaluating the effectiveness of the permanent innovation process (IP) under the dynamic nature of external influences. General and special methods of knowledge used: comparative analysis to substantiate the difference between operational management of innovation implementation and strategic management of IP; structural analysis to substantiate that innovative management is the structure of the second level of SDP: quantitative and qualitative comparison was introduced to substantiate that structural nature of intangible assets is determined by the structure of production; scientific abstraction to substantiate that intellectual capital has a determining value for sustainable activity; mathematical formalization for the development of dynamic IP control model. It is indicated that: the condition for effective provision of sustainable development is coordination of operational management innovations and strategic management of IP of the enterprise; innovative management is a second-level structure in view of the need for comprehensive implementation of SDP for effective long-term operation of enterprise; the structural nature of intangible assets is determined by the structure of production, peculiarities of supply and sales and is based on the totality of intangible assets of the enterprise; intellectual capital is of decisive importance for ensuring the sustainable nature of the impact innovations on the company's activities and as a condition for increasing the level of reliability of its competitive advantages; the systemic nature of the impact innovations on the company's activities requires the introduction of new methods of their evaluation. A new method of evaluating the effectiveness of the extended innovation process, which forms the sustainable activity of the enterprise under dynamic conditions, was devel-oped. The developed mathematical approach and the research results should be useful for the management of enterprises and for scientists dealing with the problems of innovative management.

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APA

Cui, X., & Brychko, A. (2023). INNOVATION MANAGEMENT OF THE ENTERPRISE IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT. Financial and Credit Activity: Problems of Theory and Practice, 5(52), 208–221. https://doi.org/10.55643/fcaptp.5.52.2023.4147

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