STAKEHOLDER APPROACH TO THE VALUE–BASED MANAGEMENT OF THE ENTERPRISE INNOVATION ACTIVITY
Fundamental researches in the sphere of innovation management state that the problem of development of the radically new paradigm of the value–based management of innovation development becomes more urgent. It could provide the increase of aggregate price of enterprise as the result of innovation im...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
FINTECH Alliance LLC
2017-12-01
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| Series: | Фінансово-кредитна діяльність: проблеми теорії та практики |
| Subjects: | |
| Online Access: | https://fkd.net.ua/index.php/fkd/article/view/2029 |
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| Summary: | Fundamental researches in the sphere of innovation management state that the problem of development of the radically new paradigm of the value–based management of innovation development becomes more urgent. It could provide the increase of aggregate price of enterprise as the result of innovation implementation, through the growth of its efficiency and risk tolerance taking into account the interests of all stakeholders. Results.In this article on the ground of generalization of basis and rules of innovation activity management, scientific approaches to the interpretation of economic categories, the new definition of the notion of the value–based management of enterprise innovation activity was offered and theoretically substantiated. Depending on the level of representation of interests of the main groups of stakeholders, three levels of such management were distinguished. They are: level of strategic management, level of current management, level of external management. For each of these levels the indexes of value increment and indexes of enterprise risk tolerance provision within the accounting of interest of different groups of stakeholders were analyzed. Conclusion.The value–based management of enterprise innovation activity is the range of functions and rules as well as the methodological tools for making strategic and tactical decisions, concerning the development, introduction and commercialization of innovations that provide the growth of corporative value, accounting the monetized for the enter. |
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| ISSN: | 2306-4994 2310-8770 |