Market conjuncture and microeconomic aspects of innovation management

The article has substantiated that innovation activity is primarily identified with the activities of enterprises and organizations, so the study of this problem at the micro-level is important and relevant. It was emphasized that clarification of the essence of innovation activity and the main func...

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Main Authors: V.L. Smiesova, N.S. Kovtun
Format: Article
Language:English
Published: State Higher Educational Institution “Ukrainian State University of Chemical Technology” 2022-06-01
Series:Економічний вісник Державного вищого навчального закладу Український державний хіміко-технологічний університет
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Online Access:http://ek-visnik.dp.ua/wp-content/uploads/pdf/2022-1/Smiesova.pdf
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author V.L. Smiesova
N.S. Kovtun
author_facet V.L. Smiesova
N.S. Kovtun
author_sort V.L. Smiesova
collection DOAJ
description The article has substantiated that innovation activity is primarily identified with the activities of enterprises and organizations, so the study of this problem at the micro-level is important and relevant. It was emphasized that clarification of the essence of innovation activity and the main functions of managing this activity at the micro-level, the impact of innovation activity on expanding the boundaries of production possibilities is an urgent task in the process of finding the most effective ways of development in the long term. The purpose of the article is to substantiate the essence of the innovation activity of enterprises (firms), clarify the essence of innovation management at the micro-level, determine the functions of innovation management, as well as the impact of innovation on expanding the boundaries of production possibilities. The article has analyzed the views of foreign scientists on the essence and role of innovation in the economy. The main definitions of the concept of "innovative activity", proposed by scientists-economists, international organizations and used in the legislation of Ukraine, has been considered. The weaknesses and advantages of these definitions has been substantiated. The author's definition of the concept of "innovative activity" has been proposed. The influence of innovation activity of micro-level subjects on the expansion of the boundaries of production possibilities, economic growth and economic development both at the level of each individual enterprise (firm) and at the level of the whole society has been revealed. The interrelation between the management of innovation activity and enterprise income, competitiveness and long-term development has been revealed. The author's definition of the concept of "management of innovation activity" has been formulated. They also defined the main functions of innovation activity management: planning, organization, control, stimulation, forecasting. The characteristics of these functions at the micro-level has been formulated. The need for the formation of effective tools and mechanisms for managing innovation activities at the micro-level has been emphasized.
format Article
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institution Kabale University
issn 2415-3974
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language English
publishDate 2022-06-01
publisher State Higher Educational Institution “Ukrainian State University of Chemical Technology”
record_format Article
series Економічний вісник Державного вищого навчального закладу Український державний хіміко-технологічний університет
spelling doaj-art-7c91ec43ae834baebf2f3bc37d3b0e662025-08-20T03:50:58ZengState Higher Educational Institution “Ukrainian State University of Chemical Technology”Економічний вісник Державного вищого навчального закладу Український державний хіміко-технологічний університет2415-39742664-26702022-06-01151384710.32434/2415-3974-2022-15-1-38-47Market conjuncture and microeconomic aspects of innovation managementV.L. Smiesova 0https://orcid.org/0000-0002-0444-4659N.S. Kovtun 1https://orcid.org/0000-0001-6865-6995Dnipro Polytechnic National Technical University, Dnipro, UkraineUniversity of Customs and Finance, Dnipro, UkraineThe article has substantiated that innovation activity is primarily identified with the activities of enterprises and organizations, so the study of this problem at the micro-level is important and relevant. It was emphasized that clarification of the essence of innovation activity and the main functions of managing this activity at the micro-level, the impact of innovation activity on expanding the boundaries of production possibilities is an urgent task in the process of finding the most effective ways of development in the long term. The purpose of the article is to substantiate the essence of the innovation activity of enterprises (firms), clarify the essence of innovation management at the micro-level, determine the functions of innovation management, as well as the impact of innovation on expanding the boundaries of production possibilities. The article has analyzed the views of foreign scientists on the essence and role of innovation in the economy. The main definitions of the concept of "innovative activity", proposed by scientists-economists, international organizations and used in the legislation of Ukraine, has been considered. The weaknesses and advantages of these definitions has been substantiated. The author's definition of the concept of "innovative activity" has been proposed. The influence of innovation activity of micro-level subjects on the expansion of the boundaries of production possibilities, economic growth and economic development both at the level of each individual enterprise (firm) and at the level of the whole society has been revealed. The interrelation between the management of innovation activity and enterprise income, competitiveness and long-term development has been revealed. The author's definition of the concept of "management of innovation activity" has been formulated. They also defined the main functions of innovation activity management: planning, organization, control, stimulation, forecasting. The characteristics of these functions at the micro-level has been formulated. The need for the formation of effective tools and mechanisms for managing innovation activities at the micro-level has been emphasized. http://ek-visnik.dp.ua/wp-content/uploads/pdf/2022-1/Smiesova.pdfmarket conjunctureinnovation activityinnovation managementmicroeconomicsmicro-levelmanagement of innovation activity
spellingShingle V.L. Smiesova
N.S. Kovtun
Market conjuncture and microeconomic aspects of innovation management
Економічний вісник Державного вищого навчального закладу Український державний хіміко-технологічний університет
market conjuncture
innovation activity
innovation management
microeconomics
micro-level
management of innovation activity
title Market conjuncture and microeconomic aspects of innovation management
title_full Market conjuncture and microeconomic aspects of innovation management
title_fullStr Market conjuncture and microeconomic aspects of innovation management
title_full_unstemmed Market conjuncture and microeconomic aspects of innovation management
title_short Market conjuncture and microeconomic aspects of innovation management
title_sort market conjuncture and microeconomic aspects of innovation management
topic market conjuncture
innovation activity
innovation management
microeconomics
micro-level
management of innovation activity
url http://ek-visnik.dp.ua/wp-content/uploads/pdf/2022-1/Smiesova.pdf
work_keys_str_mv AT vlsmiesova marketconjunctureandmicroeconomicaspectsofinnovationmanagement
AT nskovtun marketconjunctureandmicroeconomicaspectsofinnovationmanagement