Proceedings of the 2019 7th International Conference on Modeling, Development and Strategic Management of Economic System (MDSMES 2019)

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Methodological Approach to Determining the Strategy Efficiencyof the Economic Mechanism Development for Innovation Implementation at Engineering Enterprises

Authors
Alla Cherep, Olexandr Cherep, Iryna Mendela, Alexey Hostryk, Hanna Moskaliuk
Corresponding Author
Alla Cherep
Available Online October 2019.
DOI
10.2991/mdsmes-19.2019.51How to use a DOI?
Keywords
Strategy, limits of fluctuations, indices, efficiency, innovation activity, intensity, development
Abstract

The expediency of innovation activization stimulation at industrial enterprises for the purpose of ensuring their competitiveness was proved. The methodological approach to determining the strategy efficiency of the innovation economic mechanism development (IEMD), which is based on the analysis of the main components and cover all the aspects of an enterprise’s innovation development, was suggested. The approach involves comparison of the effects with the standard minimum, maximum value of the required indices, the ratio of the innovation activity integrated indices according to the established limits, which allows comparing the value of the required index and will ensure the expected effect, intensification of all activity lines and definition of the innovation main directions. In the course of the study, the limit values of fluctuations in the enterprise’s innovation indices, innovation efficiency, availability of innovations at the enterprise and rate of their use were established. Accordingly, the degree of their development was found and the most optimum development strategy was selected.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2019 7th International Conference on Modeling, Development and Strategic Management of Economic System (MDSMES 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
October 2019
ISBN
978-94-6252-800-0
ISSN
2352-5428
DOI
10.2991/mdsmes-19.2019.51How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Alla Cherep
AU  - Olexandr Cherep
AU  - Iryna Mendela
AU  - Alexey Hostryk
AU  - Hanna Moskaliuk
PY  - 2019/10
DA  - 2019/10
TI  - Methodological Approach to Determining the Strategy Efficiencyof the Economic Mechanism Development for Innovation Implementation at Engineering Enterprises
BT  - Proceedings of the 2019 7th International Conference on Modeling, Development and Strategic Management of Economic System (MDSMES 2019)
PB  - Atlantis Press
SP  - 272
EP  - 276
SN  - 2352-5428
UR  - https://doi.org/10.2991/mdsmes-19.2019.51
DO  - 10.2991/mdsmes-19.2019.51
ID  - Cherep2019/10
ER  -