Innovative Strategy for the Development of Enterprises in the Machine-building Industry

Abstract

In today's economic conditions for managing the efficient functioning of the enterprises of the machine-building industry, the transition to an innovative way of development, which should become the key to radical renewal and modernization of all sectors of the economy of the country, is very important. The purpose of this article is to determine the essence of the concept of «innovative strategy» and the substantiation of the main stages of its formation for enterprises of the machine-building industry in Ukraine. The feasibility of developing an innovative strategy for the development of the machine-building industry in Ukraine is justified. The main trends of changes in the structure of engineering products over the past four years are analyzed. It was found that in 2016 in comparison with 2010 the number of enterprises in the industry decreased by 5.4%, the number of employees decreased by 28.4% with the volume of sales realized by 9.8%. As a result, the level of labor productivity increased by 53.3%, which is more related to inflation processes. In analyzing the approaches to defining the essence of the concept of «innovation strategy», it was established that the authors focus on such aspects as novelty for the enterprise, the consistency of managerial decisions, the transformation of the state of the enterprise and technological opportunities for this, orientation to international markets and the achievement of innovation efficiency. Such an interpretation of the concept of «innovation strategy» is adopted – planned changes that open the way for the enterprise to take the path of innovative development, development of new types of products, entering new markets, increasing competitiveness and as one of the components on the path to future development in the future. The basic characteristics and conditions for using seven innovative strategies are analyzed. The sequence of forming an innovative strategy for the development of enterprises of the machine-building complex of Ukraine is proposed.

Authors and Affiliations

Oksana Zakharova, Iryna Barbanova

Keywords

Related Articles

Theoretical aspects of the use of factor analysis in the analysis of the financial condition of the company

The purpose of this paper is the formation of an effective method for assessing the financial condition of the company and its dynamics , allocation of principal components , their theoretical interpretation and use in f...

The Definition of Indicators of the Allocation of the Characteristic Features in Gender Groups (on an Example of Faculty Students)

The aim of the study is to determine the structure of the data on the gender part of the contingent of the Faculty students and their individual specific groups that were subjects of the educational process by the end of...

Building of Effective Systems of Economic Control in Housing and Communal Services in the Conditions of Transformation of the General Principles of Management in the Industry

The purpose of this article is to summarize the main goals and tasks of management in the housing sector, to formulate on their basis the modern management principles in researched industry, as well as to identify the in...

Structuring the Process of Performing Assurance Engagements Other Than Audit or Review of Historical Financial Information

The purpose of this study is to develop organizational provisions for assurance engagements other than audit or review of historical financial information, in particular the substantiation of the main stages of their per...

The US, Canada and EU Experience in Managing Economic Development of Depressed Areas

The aim of the publication is to generalize experience of the specialized agencies and development institutions on the isolation and identification of depressed areas of the US, Canada and EU countries, management proces...

Download PDF file
  • EP ID EP353176
  • DOI -
  • Views 102
  • Downloads 0

How To Cite

Oksana Zakharova, Iryna Barbanova (2017). Innovative Strategy for the Development of Enterprises in the Machine-building Industry. Центральноукраїнський науковий вісник. Економічні науки., 32(), 249-259. https://europub.co.uk./articles/-A-353176