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Technology and technological development are the key factors of contemporary socio-economic development, and the application of the latest technological achievements is the developed countries' most powerful means of competitiveness. Intensive technological changes produce an influence on increasing the dynamics of the business conditions, making them uncertain, unpredictable and discontinued, while forcing business entities to adapt constantly. In this paper, the influence of technological development on the enhancement of innovativeness of domestic industrial enterprises is studied, given the fact that today, as well, industry is the branch of economy which the prosperity of the majority of the developed countries rests on. Study on the subject is divided into four parts. In the first part, the mutual dependency of technological and economic development is examined, with special attention to the strategic aspects of technological development. The second part of the paper is dedicated to observing innovativeness as the basis for technological development. The analysis of certain indicators of innovativeness in domestic enterprises is presented in the third part, whereas in the last part, analysis of the data obtained by conducting research into the influence of technological development on encouraging innovativeness of domestic industrial enterprises was carried out by investigating the role of graduate engineers in this process. The aim of this paper is to indicate the significance and complexity of the influence of technological development on contemporary business conditions, and also to conduct an analysis of the influence of technological development on encouraging innovativeness in domestic industrial enterprises. The ultimate goal of the paper is to define certain measures that are to be taken so as to improve the existing, highly unfavorable, situation in this field.

Influence of technological development on encouraging innovativeness of domestic industrial enterprises