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Reconstitution of the Economic Resources: Innovative Basis

Journal: Herald of the Economic Sciences of Ukraine (Vol.40, No. 1)

Publication Date:

Authors : ;

Page : 99-105

Keywords : reconstitution; innovative development; digitalization; intellectual investments; reconstitution economic resources; intellectual potential; enterprise; model at innovative reconstruction of economic resources; economic development strategy;

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Abstract

The article provides an overview of the classical theories of innovative development, reveals the underlying reasons for a person's motivation to implement innovative activities. Based on a review of classical theories of innovation and research results, it is proved that the innovative development of an enterprise depends not only on the quality level of the intellectual potential of the personnel, but also on the state of the objects of its economic resources. The conceptual level of categories of innovations has been determined, which can give an idea of the innovative foundations of the reconstitution of economic resources and the intellectual potential of personnel at Ukrainian enterprises in modern economic, military-political and epidemiological conditions. The principles for the formation of a new strategy of economic development based on a scientific approach to the formation of models for managing business processes, especially innovative processes of enterprises, have been developed. Their essence is demonstrated with the help of the planning mechanism of the innovative level of reconstitution of economic resources at the enterprise. A model of innovative reconstitution of economic resources at an enterprise and stages of formation of a strategy for innovative development of enterprises in a modern information and digital society have been developed. It has been established that the basis of the strategy for the innovative development of an enterprise should be the reconstitution of its economic resources. This is a fundamentally new strategy for the economic development of an enterprise, which requires the development of a balanced system of indicators for the innovative reconstitution of economic resources. The creation and implementation of such a strategy involves overcoming internal obstacles in order to ensure the trend of innovative development and competitiveness of the domestic enterprise.

Last modified: 2021-08-11 18:28:36