Economic and innovative development of corporation

The aim of the article. The aim of the article is to determine the essence of economic and innovative development of corporation on the basis of complex approach.The results of the analysis. The article has revealed the nature of development from economic and philosophical points of view. The understanding of the nature of development enables managing it, i.e. working out appropriate development strategies (economic, innovative, technological, social, etc). Thestudy of theoretical approaches to the essence of a corporation enables the statement that at present a corporation is the most promising form of entrepreneurship as the evolution of corporation has brought it to a higher level as compared with an enterprise in terms of property, approaches to management etc. The evident advantage of a corporation over an enterprise is in implementing innovative projects, pooling corporate interests and providing them with intellectual, financial, technical and other kinds of resources.Theoretical and methodological approach to determining the economic and innovative development of an enterprise consists in determining the complicated and capacious category an enterprises economic development through its main components (business processes, finances, investments, logistics and marketing) and the structure of economic activities. Components of the innovative development and the structure of an enterprises innovative development are presented similarly.The article presents the complex approach to determining the essence of the economic and innovative development of a corporation on the grounds of relationship of a corporations development lines and gives the classification of a corporations economic and innovative development (CEID) depending on the level of innovativeness of the economic development.The article defines the term corporations economic and innovative development as a category that characterizes dynamic qualitative changes of an economic component of a corporations activities conditioned by the level of innovativeness of all kinds of activities for providing economic growth within the chosen mission, motivation and activity intellectualization.Conclusions and directions of further researches. The study made enables stating the fact that the category corporations economic development transforms into the category corporations economic and innovative development and from this perspective all components of the latter will be treated as corporations operational and innovative development, corporations financial and innovative development, corporations investment and innovative development and corporations logistic and innovative development.Also working out a system of dynamic indicators for determining the level of innovativeness of a corporations economic development and a system of motivating and intellectualizing a corporations economic and innovative activities is a direction for further research.