EVALUATION OF THE INDICATORS OF THE INNOVATIVE ACTIVITY OF THE ENTERPRISE AND THEIR USE IN THE ECONOMIC SECURITY MANAGEMENT SYSTEM

Authors

DOI:

https://doi.org/10.31713/ve2202313

Keywords:

innovative activity, innovative potential, investments; analysis, performance indicators of innovative activity

Abstract

The article examines the role of innovative activity of enterprises in the system of ensuring economic security. It has been established that the role of innovative activity in the system of ensuring economic security at the current stage is gaining importance, since the transformation of the results of scientific research and achievements into technologically new products and modern technological processes involves a set of measures that will ensure the appropriate level of economic growth. It was determined that a significant role in the management of innovative activities in order to achieve the goals of economic security is played by the monitoring of indicators, which can be used to assess qualitative changes in the transition of business entities to an innovative path of development. The directions of innovative activity according to domestic legislation, which must be taken into account when developing evaluation indicators, are outlined. According to the results of the analysis of academic research, the areas of evaluation of the effectiveness of innovative activity are distinguished. It has been established that at the current stage of the development of scientific thought, econometric modeling is often used to analyze the relationship between innovations and the effectiveness of activities, multidimensional indicators, and the effectiveness of balancing financial and non-financial indicators is also investigated. In order to obtain maximum usefulness during the analysis, indicators of innovative activity must meet three criteria: they must be quantitative; indicators should be standardized to ensure their comparability between different enterprises for the purpose of evaluating and determining competitive positions; they should have practical applications as a result of establishing significant statistical relationships between metrics and indicators of value, such as return on funds and growth in labor productivity. It was established that, in general, the innovative potential of the enterprise can be characterized by the following groups of indicators: economic indicators - the amount of investment in innovative activity, indicators of the effectiveness and efficiency of innovative activity; material and technical indicators – expenses for scientific and scientific and technical research, research and development works, progressiveness of the production base, commercialization of innovations; information indicators - the number and quality of information funds that are used, the possibilities of spreading innovations, the use of databases; personnel indicators – personnel involved in the innovation process, their number and qualifications, quality of training; patent and license indicators; work performance indicators. The main indicators that should be used to evaluate the effectiveness of innovative activities are summarized.  

Author Biographies

Olha Osadcha, National University of Water and Environmental Engineering, Rivne

Post-graduate Student

Vasyl Rozdopcheniuk, National University of Water and Environmental Engineering, Rivne

Post-graduate Student

Published

2023-06-23

Issue

Section

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