Innovative Development of an Enterprise and Ensuring its Efficiency and Sustainability

Journal Title: Бізнес Інформ - Year 2014, Vol 6, Issue 0

Abstract

Basis for effective development, which is stable for a long time, is innovation. The innovative development is the essential basis of the stability and efficiency of the enterprise. Methodological region of task solution of sustainability and efficiency of development based on innovation intersect overlap, specifying areas of ongoing research. The paper proposes a formal structure of transformed model of sustainable development, the interrelation between the stability and efficiency of innovative development of Ukraine, the assessment concepts the effectiveness of enterprise development were considered and systematized. The key indicators for measuring the sustainability of food businesses were generalized and the method of estimating the stability of innovative enterprise development based on the matrix method was proved. It was concluded on innovation as the foundation of enterprise development, which initially violates the economic equilibrium, and then, under the influence of the processes of economic competition, restores stability to a new level. In the transition to a new state enterprise innovators will receive better economic results, which will tend to decline as the other companies introduce these innovations. That is, sustainability and efficiency update the permanence of innovative processes, which, in turn, are a source of enterprise development.

Authors and Affiliations

Nataliya Chukhrayeva

Keywords

Related Articles

Conceptual Preconditions for Increasing the Regional Differentiation

The article is aimed at studying the conceptual framework of the accumulated differences in the levels of economic development of the Ukrainian regions. During analysis, systematization and generalization of the scientif...

Study of Effectiveness of Regulation in the Telecommunication Sphere of Ukraine

The article analyses dependence of effectiveness of activity of the telecommunication sphere upon quantitative and qualitative composition of participants under conditions of development of competition in the markets of...

Influence of Bank Risks Insurance on the Financial Stability of Banks and Insurance Companies

The article is aimed at studying the influence of bank risks insurance on the financial stability of banks and insurance companies. New benefits of bank insurance for both insurance companies and banks have been presente...

The Tourism and Recreation Cluster Strategic Management Development Organizing

Scheme of hierarchical representation of the strategic management of tourism and recreational cluster developed. As the basis of the strategic process at the selected cluster activation integrative trends and consistentl...

Use of Cash Flow to Evaluate Investment Attractiveness of Enterprises

In the article the features of estimation of enterprises activity efficiency are explored. A necessity of application for the analysis of enterprises evaluate investment attractiveness of ratios, based on the net cash fl...

Download PDF file
  • EP ID EP147673
  • DOI -
  • Views 93
  • Downloads 0

How To Cite

Nataliya Chukhrayeva (2014). Innovative Development of an Enterprise and Ensuring its Efficiency and Sustainability. Бізнес Інформ, 6(0), 92-97. https://europub.co.uk./articles/-A-147673