Open AccessKEY ASPECTS OF IMPROVEMENT OF METHODOLOGICAL APPROACHES TO FUNCTIONING OF THE MECHANISM OF INNOVATIVE-INVESTMENT DEVELOPMENT OF ENTERPRISES
Author(s) -
Pavlo Demchenko
Publication year - 2020
Publication title -
ekonomìčnij analìz
Language(s) - English
Resource type - Journals
eISSN - 2219-4649
pISSN - 1993-0259
DOI - 10.35774/econa2020.03.166
Subject(s) - investment (military) , recession , context (archaeology) , business , industrial organization , process (computing) , sustainable development , economics , economic system , macroeconomics , computer science , paleontology , politics , biology , political science , law , operating system
The study shows the importance of innovation and investment in economics, management and business. Some key theoretical aspects of the essence of the methodology of formation of the mechanism of innovation and investment activity and development of iron ore enterprises in modern economic conditions are determined. It is established that the lack of funding for iron ore enterprises requires effective management and rational organization of both individual stages of capital investment in their innovation activities and the investment process as a whole. At the same time, the most significant and important for the organization of investment in innovative business processes of iron ore enterprises is the application of a systematic approach. In the context of improving the mechanism of innovation and investment development of the iron ore enterprise, it is proposed to carry out a multi-criteria assessment of the level of stability of sustainable innovation and investment development, taking into account the risk.The implementation of the proposed recommendations for improving the management mechanisms of innovation and investment development of mining and processing enterprises based on the theory of potential and a systematic approach to the organization of investment in innovation processes in periods characterized by the most characteristic states of the economic environment in terms of market transformations. «Stagnation» and «recession», where weight point estimates that reflect higher priority for retrospective periods, for which less contributions were made to the total value of the evaluation function of innovation and investment development are calculated on the basis of quantitative estimates of the risk matrix.Summarizing the research of theoretical and methodological aspects of assessing the level of stability of sustainable innovation and investment development of the iron ore enterprise, a system of conditions for controlling the level of stability of sustainable innovation and investment development (RZSSIIR) has been formed. The formed system of conditions of control of RZSSIIR of the iron ore enterprise is directed on maintenance of effective strategic management at the expense of strengthening of a role of investments in innovation management for realization of process of acceptance of long-term decisions.