Methodological approach to evaluation of effectiveness of innovative activities for machine-building enterprises

It is very difficult to make an important and meaningful decision in the decision-making process without using economic and mathematical models which represent an effective tool in understanding the subject of research. Therefore, it became important to create a successful methodological approach for determining the level of efficiency of innovation activities for machine-building enterprises. The paper determines the importance of selection of factors influencing the efficiency of innovation activity. The content of the evaluation of the innovation activity effectiveness is clarified; it is shown through the study of the state and tendencies in the development of the innovative activity of the enterprise. To create the model criteria and indicators the author defines the integral indicator of the innovation activity effectiveness of the machine-building enterprise. The methods for assessing the economic efficiency of innovation at an enterprise, the indicator of the innovation effectiveness in terms of the stage coverage of the research are considered. The importance of grouping indicators for assessing innovation activities for subsequent and early ones is determined. The methodological approach for determining the efficiency level of innovation activity of machine-building enterprises is proposed.