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The problems and prospects of improving the organizational and economic mechanisms of innovative development of industrial enterprises are explored in the article. The essence of the concepts of "innovation" and "innovative processes", the main factors affecting the main organizational and economic mechanisms of innovative development of industrial enterprises is disclosed. The advantage of innovation and its impact on increasing labor productivity, a list of competitive and export-oriented innovative products is considered. The importance of a systematic approach to the organization and development of innovative activities in enterprises, the strengthening of research and development, the development, development and application of new innovations with the further provision of the production of innovative products is noted. The state of the ongoing work on the formation and development of innovative activity in Azerbaijan, where innovative activity, including the innovative development of industrial enterprises, is at the initial stage is assessed. The importance of a comprehensive solution to the problems that hinder the intensification of the innovative development of industrial enterprises is noted. A number of recommendations and suggestions on problems and prospects for improving the organizational and economic mechanisms for the innovative development of industrial enterprises in modern conditions and in the near future are prepared.

THE PROBLEMS AND PROSPECTS OF IMPROVING THE ORGANIZATIONAL AND ECONOMIC MECHANISMS OF INNOVATIVE DEVELOPMENT OF INDUSTRIAL ENTERPRISES.