Model for opportunities assessment to increase the enterprise innovation activity
This study shows that the model of assessing the opportunities for innovation activity of enterprises is multivariate and interrelated with such macroeconomic regulators of Ukraine’s development as competitive attractiveness of the country, favorable conditions for doing business in the country and innovation activity of enterprises. The use of a three-dimensional matrix of indicators to assess Ukraine’s competitive attractiveness allowed us to evaluate the significant impact of changes in Ukraine’s Global Innovation Index on the innovation activity of enterprises for the period 2014–2019. Moreover, the greater the value of the indicator of the state’s innovation potential is, the higher the level of innovation activity in the country becomes, which significantly increases the positive image of Ukrainian entrepreneurs at the global level and acts as a “green light” for foreign investors. Given the wide range of parameters that must be taken into account in an integrated assessment of innovation activity of an enterprise, we have used the method of component analysis. The uniqueness of an integrated assessment of innovation activity of an enterprise is carried out in accordance with the concept of value formation of innovations and it is tested on the example of Ferrotrading LLC. The effectiveness of the study consists in the fact that the selected sub-indicators for assessing the innovation activity of the studied enterprise (innovation resources, innovation competencies and innovation abilities) greatly complement the assessment of the opportunities for innovation activity in the proposed model. The conducted study has theoretical and practical significance. It can be used as a basis for further research in this area and can be employed by governments to make management decisions on increasing the innovation activity of business and the state as a whole.
This work is licensed under a Creative Commons Attribution 4.0 International License.
Bochkovskii, A., & Gogunskii, V. (2018). Development of the method for the optimal management of occupational risks. Eastern-European Journal of Enterprise Technologies, 3(3(93)), 6–13. https://doi.org/10.15587/1729-4061.2018.132596
Borsch, L., Vorobiev, Y., & Bondar, A. (2016). Priorities for the formation of investment activity in the economy. Humanities, Socio-Economic and Social Sciences, (12), 225–228.
Byrka, М. І. (2017). The main trends in investment activity in Ukraine. Investments: Practice and Experience, No. 7/2017. http://www.investplan.com.ua/pdf/7_2017/7.pdf
Dokmanic, I., Parhizkar, R., Ranieri, J., & Vetterli, M. (2015). Euclidean distance matrices: essential theory, algorithms, and applications. IEEE Signal Processing Magazine, 32(6), 12–30. https://doi.org/10.1109/MSP.2015.2398954
Drugov, O. (2010). Investment support of intellectualization of the economy of Ukraine (monograph) (284 p.). UBS NBU.
Fedulova, I. (2010). Synergetic evolutionary model of innovative development of the enterprise. Scientific Works of NUHT, 36, 114–118.
Fedulova, I. (2008). Innovative adaptive potential of the enterprise. Formation of Market Relations in Ukraine, 10, 59–64.
Frolova, L., & Kravchenko, O. (2014). Management of enterprise business model transformation based on value spread modelling. Actual Problems of Economics, 158(8), 506–515.
Frolova, L., Ivanchuk, K., Nosova, T., Horodetska, T., & Zaychenko, K. (2019). Evaluation of informational provision quality of food industry enterprises flexibility management. Journal of Hygienic Engineering and Design, 28, 66–72.
Grechanik, B. (2007). Innovation-oriented development of enterprises: organizational and economic aspects (187 p.). Institute for Regional Studies of the National Academy of Sciences of Ukraine, Lviv.
Ilyash, O., et al. (2020). Evaluation of enterprise investment attractiveness under circumstances of economic development. Bulletin of Geography. Socio-economic Series, 47(47), 95–113. https://doi.org/10.2478/bog-2020-0006
Ilyash, O., Dzhadan, I., & Оstasz, G. (2018). The influence of the industry’s innovation activities indices on the industrial products’ revenue of Ukraine. Economics and Sociology, 11(4), 317–331. https://doi.org/10.14254/2071-789X.2018/11-4/21
Karpenko, L. M., & Filyppova, S. (2016). Strategic competitive analysis of innovative enterprise development: Predictive validity. Actual Problems of Economics, 6(180), 392–404.
Korytko, T. (2016). Estimation of investment activity of industrial enterprises of Ukraine. Economic Bulletin of Donbass, 3(45), 141–145.
Kovtunenko, K., Kovtunenko, Y., Shatskova, L., & Yatsenko, M., (2019). Management mechanism as an independent element of the food industry enterprise innovative activity expenditures management system. Journal of Hygienic Engineering and Design, 28, 73–80.
Kramskoy, D., & Kolotyuk, O. (2013). Analysis of the tools of research of innovative development of the enterprise. Business Inform, 5, 253–258. https://www.business-inform.net/export_pdf/business-inform-2013-5_0-pages-253_258.pdf
Levkivsky, O. (2017). International indicators for assessing the innovation potential of Ukraine and its implementation. Intelligence XXI, 4, 78–82.
Lupak, R. (2015). Identification of system characteristics of innovative strategy to increase the competitiveness of the enterprise. A Young Scientist, 2(2), 161–165. http://nbuv.gov.ua/UJRN/molv_2015_2(2)__40
Lawson, B. (2001). Developing innovation capability in organizations: a dynamic capabilities approach. International Journal of Innovation Management, 5(3), 377–400. https://doi.org/10.1142/S1363919601000427
Mamatova, L. (2018). Development of innovative activity of Ukraine in the international context. Reporter of the Рriazovskyi state technical university. Section: Economic sciences, 36, 279–291. https://doi.org/10.31498/2225-6725.36.2018.169658
Maslak, O., & Talover, V. (2016). Complex assessment of investment affiliation of the state. Economic Forum, 3, 51–59.
Mishra, S., Sarkar, U., Taraphder, S., Datta, S., Swain, D., Saikhom, R., et al. (2017). Multivariate statistical data analysis –Principal Component Analysis (PCA). International Journal of Livestock Research, 7(5), 60–78. https://www.researchgate.net/publication/316652806_
Natorina, A. (2017). Congruent marketing product strategies of the enterprises. Economic Annals-XXI, 163(1-2(1)), 75–78. https://doi.org/10.21003/ea.V163-16
Savluk, O. (2011). Conceptual approaches to determining the investment attractiveness of the region. Bulletin of Khmelnytsky National University, 5(2), 241–245.
Shcherba, A. (2015). Investment activity of industrial enterprises of Ukraine. Strategy and mechanisms for regulating industrial development (pp. 233–243). http://nbuv.gov.ua/UJRN/sim_2015_2015_20
The Global Innovation Index. (2019). https://www.globalinnovationindex.org/gii-2019-report#
Vasyltsiv, T., Lupak, R., & Osadchuk, Yu. (2017). Assessment of the level of penetration of import dependence in the context of the import substitution policy in Ukraine. Economic Annals-XXI, 167(9–10), 13–17. https://doi.org/10.21003/ea.V167-03
Vyborova, E., & Salyakhova, E. (2013). Methodological aspects of analysis and management of investment activity of the organization. Economic analysis: Theory and Practice, 12(315), 23–26.
World Bank. (2020). Doing Business 2020. World Bank. https://doi.org/10.1596/978-1-4648-1440-2
Wang, Y., Rosenberger, W., & Uschner, D. (2019). Randomization-based inference and the choice of randomization procedures. Statistical Papers. https://doi.org/10.1007/s00362-018-01070-y
Yermak, S., & Bugaenko, O. (2016). Implementation of innovative development strategy of a dairy enterprise based on a smart farm concept. Actual Problems of Economics, 12(186), 138–146.
Yermak, S. (2017). Problems of innovative activity development at food industry enterprises of Ukraine. Journal of Hygienic Engineering and Design, 21, 96–102.