Received 26.05.2022, Revised 22.09.2022, Accepted 30.11.2022

A scientific-methodical approach to the formation of a management mechanism for the development of the enterprise innovative potential

Tatyana Grynko, Tetiana Hviniashvili, Larisa Romanova

The paper substantiates the relevance of problems regarding the formation and development of the enterprise innovative potential as a system indicator that characterizes the level of its efficiency in the implementation of the innovative development strategy. In order to determine the specific features of the formation of the business entity’s innovative potential, the article examines the main approaches of domestic and foreign scientists regarding the definition of this concept essence. The work summarized the approaches of foreign researchers to defining the essence of the innovative potential concept in three groups. Based on the results of the analysis and generalization of existing approaches to determining the essence of innovation potential, as well as from the standpoint of the statement that the constant development of innovation potential enables the business entity to obtain competitive advantages, solve production problems and take a stable competitive position on the market, the work improved the conceptual and terminological apparatus by defining the essence of the enterprise innovative potential, as a system of interconnected scientific and technical, technological, personnel, financial, material, human resources and intangible components (the readiness and ability of the enterprise and its management potential), which allows to ensure creation and implementation of innovations, and their further transformation into the final innovative product or service, which, in turn, comprehensively ensures sustainable innovative development of the enterprise. On the basis of the study of the formation peculiarities of the enterprise innovative potential in the conditions of a dynamic environment, the article develops the conceptual foundations of managing the development of innovative potential in the part of the development of a scientific and methodological approach, which provides for the presence of a flexible system of adaptation to changes in external and internal conditions in the process of developing and implementing innovations, and also takes into account the dependence and interrelationship of the development goals of innovative potential from the development and operation goals of the enterprise and the set of tasks, methods and tools and methodical and information management support for the development of the innovative enterprise potential

management mechanism; potential; innovative potential; innovative development; development management
30-38
Grynko, T., Hviniashvili, T., & Romanova, L. (2022). A scientific-methodical approach to the formation of a management mechanism for the development of the enterprise innovative potential. Innovation and Sustainability, 2(4), 30-38. https://doi.org/10.31649/ins.2022.4.30.38

References

[1] Verhoglyadova, N.I., & Kashyrnikova, I.O. (2013). Methodological approach to the definition of innovative capacity of enterpriseEffective Economy, 11.

[2] Vostriakova, V.Yu. (2008). The essence and elemental composition of the innovation potential of an enterprise. In Collection of scientific papers of Cherkasy State Technological University. Series: Economic sciences (pp. 256-259). Cherkasy: CSTU.

[3] Haievska, L.M. (2017). The innovative potential of enterprise and its evaluationGlobal and National Problems of the Economics, 15, 192-196.

[4] Gviniashvili, T.Z. (2013). Strategic development of Ukrainian enterprises on the basis of innovation activity. Bulletin of the National University of Water and Environmental Engineering, 3(63), 51-57.

[5] Golei, Yu.M, Stasyuk, Yu.M., & Krupskyi, O.P. (2022). Study of global trends in the development of biotechnology. Innovative Economy, 1, 12-22. doi: 10.37332/2309-1533.2022.1.2.

[6] Hrynko T. V. (2010). Regarding the innovative potential as a component of the innovative activity of the enterprise. Economist, 2, 5-16.

[7] Grynko, T., Hviniashvili, T., Moroka, D. (2021). Features and priorities of entrepreneurial structures’ innovative development in modern changing conditions. Economic Area, 175, 52-58. doi: 10.32782/2224-6282/175-10.

[8] Grynko, T.V., & Efimova, S.O. (2014). The role of innovative potential of enterprises in ensuring their innovative activity. In T.V. Grynko (Ed.), Management of enterprise development in integration conditions (pp. 199-217). Dnipropetrovsk: Bila K.O.

[9] Gurochkina, V.V. (2015). Innovative potential of the enterprise: Essence and system of protectionEconomics: Time realities, 5(21), 51-57.

[10] Drucker, P.F. (2007). Business and innovations. London: Williams.

[11] Ilyashenko, S.M. (2004). Management and marketing of innovations. Sumy: Sumy State University. Sumy: University Book Publishing House.

[12]  Petrovych, Y., & Novakivskyi, I. (2022). Methodological and investment support for development innovative potential of industrial enterprisesBulletin of Lviv Polytechnic National University. Series "Problems of Economics and Management", 1(9), 106-118.

[13] Shenderivska, L.P., & Kvasko, A.V. (2021). Directions of enterprises’ innovative potential developmentEconomic Area, 166, 74-80.

[14] Ardito, L., Petruzzelli, A.M., Dezi, L., & Castellano, S. (2020). The influence of inbound open innovation on ambidexterity performance: Does it pay to source knowledge from supply chain stakeholders? Journal of Business Research, 119, 321-329.

[15] Arrigo, E. (2018). Open Innovation and market orientation: An analysis of the relationship. Journal of the Knowledge Economy, 9, 150-161. doi: 10.1007/s13132-015-0327-7.

[16] Crosby, B. C., ‘t Hart, P., & Torfing, J. (2016). Public value creation through collaborative innovation. Public Management Review, 19(5), 655-669. doi: 10.1080/14719037.2016.1192165.

[17] Bouncken, R.B., Kraus, S., & Roig-Tierno, N. (2021). Knowledge- and innovation-based business models for future growth: Digitalized business models and portfolio considerations. Review of Managerial Science, 15, 1-14. doi: 10.1007/s11846-019-00366-z.

[18] Chesbrough, H. (2007). Business model Innovation: It’s not Just about technology anymore. Strategy & Leadership, 35(6), 12-17. doi: 10.1108/10878570710833714.

[19] Christensen, C.M., & Raynor, M.E. (2013). The Innovator's solution: Creating and sustaining successful growth. Boston: Harvard Business Review Press.

[20] Danneels, E. (2002) The dynamics of product innovation and firm competences. Strategic Management Journal, 23(12), 1095-1121. doi: 10.1002/smj.275.

[21] Freeman, C. (1995). The national system of innovation in historical perspectiveCambridge Journal of Economics, 19, 5-24.

[22] Hacklin, F., Björkdahl, J., & Wallin, M.V. (2018). Strategies for business model innovation: How firms reel in migrating value. Long Range Planning, 51(1), 82-110. doi: 10.1016/j.lrp.2017.06.009.

[23] Kianto, A., Sáenz, J., & Aramburu, N. (2017). Knowledge-based human resource management practices, intellectual capital and innovation. Journal of Business Research, 81, 11-20. doi: 10.1016/j.jbusres.2017.07.018.

[24] Lanzolla, G., & Markides, C. (2021). A business model view of strategy. Journal of Management Studies, 58(2), 540-553. doi: 10.1111/joms.12580.

[25] Rasheed, M.A., Shahzad, K., Conroy, C.M., Nadeem, S.M., & Siddique, M.U. (2017). Exploring the role of employee voice between high-performance work system and organizational innovation in small and medium enterprises. Journal of Small Business and Enterprise Development, 24, 670-688. doi: 10.1108/JSBED-11-2016-0185.

[26] Viciunaite, V., & Alfnes, F. (2020). Informing sustainable business models with a consumer preference perspective. Journal of Cleaner Production, 242, article number 118417. doi: 10.1016/j.jclepro.2019.118417.

[27] Zayed, N.M., Mohamed, I.S., Islam, K.M.A., Perevozova, I., Nitsenko, V., & Morozova, O. (2022). Factors influencing the financial situation and management of small and medium enterprises. Journal of Risk and Financial Management, 15(12),  article number 554. doi: 10.3390/jrfm15120554.