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Criterion Approach to Determining the Evaluation of the Effectiveness of the Innovative Development of Corporate Integration Associations

Journal: Management of the economy: theory and practice (Vol.15, No. 15)

Publication Date:

Authors : ;

Page : 170-187

Keywords : innovations; innovative management; innovative activity; management of innovative activities; innovative development; economic strategy; corporate management; corporate integration; corporate integration associations;

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Abstract

The article examines the formation of theoretical and methodological principles and criteria for evaluating the effectiveness of the innovative development of corporate integration associations. It was determined that innovative development is an important element of a successful strategy for corporate integration associations, allowing them to adapt to a changing environment and achieve stable and sustainable development. An analysis of the scientific views of researchers regarding the criteria for evaluating innovative activity, which is based on determining efficiency by comparing the effects (results) of innovative activity with the costs associated with the innovative process and the production of innovative products, was carried out. It was determined that the assessment of the level of efficiency of innovative activity of corporate integration associations is a management function aimed at studying the financial and economic situation, specifics of activity, analyzing the innovation process and drawing conclusions based on the received comprehensive information. It has been studied that the comprehensive evaluation of the innovative development of corporate integration associations includes consideration of various aspects of this process in order to obtain a complete picture of the effectiveness and its impact on the strategic goals of the associations. An evaluation of the innovative development of corporate enterprises has been formed, which is based on various criteria that reflect various aspects of their activities and the results of innovative efforts, these criteria can be used separately or in combination for a comprehensive evaluation of the innovative development of corporate enterprises. It should be noted that the standard system for evaluating innovation and development of corporate integration associations helps to formulate effective and competitive strategies for promoting the stable and successful development of these associations. It is proved that, in general, the standard system of evaluation of innovative development of corporate integration associations determines the complexity and diversification of evaluation methods, emphasizing practical results and social responsibility in the context of innovative development.

Last modified: 2024-07-02 02:40:00