MECHANISM FOR FORMING THE INNOVATION DEVELOPMENT STRATEGY OF CONSTRUCTION ENTERPRISES
Journal Title: International Interdisciplinary Scientific Journal "Expert" - Year 2024, Vol 1, Issue 4
Abstract
The article identifies that as of today, Ukraine's construction industry is operating under challenging conditions during the period of the full-scale invasion of Ukraine by the Russian Federation. It was found that in 2022, the construction sector lost its position in the structure of the country's GDP by 1.6%, compared to 2020-2021, where it accounted for 2.8%. It is determined that the share of the construction industry in the GDP throughout the examined period did not exceed 3%, which is significantly lower than the corresponding period in European countries. Additionally, the article examines the mechanism for forming a strategy of innovative development for construction enterprises, which enhances their competitiveness and adaptability to market changes. The key aspects of developing an innovation strategy for construction enterprises are described: improving production efficiency; enhancing the quality and durability of structures; adapting to market conditions; ensuring competitiveness; promoting sustainable development; improving working conditions and safety on-site; attracting investment and business growth. Key steps at the main stages of developing an innovation strategy are proposed, including an analysis of the external and internal environment, the determination of strategic goals, the development of innovative solutions, investment in resources and personnel, as well as strategy monitoring and adaptation. The importance of applying various methods and tools to optimize, increase productivity, and improve enterprise adaptability was emphasized. The proposed approach allows construction companies to enhance production efficiency and achieve sustainable development in the face of modern challenges and technological changes.
Authors and Affiliations
Nataliia Prokopenko, Oleksandr Tsyba
Keywords
Related Articles
- EP ID EP754942
- DOI https://doi.org/10.62034/2815-5300/2024-v1-i4-003
- Views 1
- Downloads 0
FOREIGN TRADE ACTIVITY OF UKRAINE AND POLAND
The article examines the state and trends of Ukraine's foreign trade activity. The volumes of export and import of Ukraine, the balance of the foreign trade balance of Ukraine during 2010-2023 were analyzed. The main for...
FEATURES OF MANAGEMENT OF FINANCIAL AND ECONOMIC ACTIVITIES IN THE SOCIAL PROTECTION BODIES OF THE POPULATION UNDER THE CONDITIONS OF THE STATE OF MARTIAL
Management of financial and economic activities in the social protection bodies of the population in the conditions of martial law requires a special approach and is considered taking into account the complexities and ch...
FACTORS CAUSING THE EMERGENCE OF NON-PERFORMING (PROBLEM) ASSETS IN THE BANKING SECTOR IN MODERN CONDITIONS
Today, Ukraine is in an extremely difficult economic, social and political situation, which in turn determines the need to ensure the effective functioning of all spheres of the state's life, especially its financial sec...
STRATEGIC DIRECTIONS FOR IMPROVING INSTITUTIONAL SUPPORT FOR INVESTMENTS IN THE AGRICULTURAL SPHERE
The article presents an analysis of the institutional support for the development of investment activity in the agricultural sector of Ukraine, which is considered as a set of legislative, regulatory, organizational and...
MANAGEMENT OF HOTEL NETWORKS IN THE CONDITIONS OF MARITAL STATE IN UKRAINE
Due to the ongoing Russian-Ukrainian war and martial law in Ukraine, it is advisable to expand the scope of study of problematic issues related to the management of hotel chains under martial law in Ukraine by examining...