Evaluation of the Potential of Enterprises to the Implementation of Innovative Actavities in the Context of Search for Effective Funding Sourses

Authors

  • Igor Hrudzevych Lesya Ukrainka Eastern European National University
  • Julia Hrudzevych Lesya Ukrainka Eastern European National University

DOI:

https://doi.org/10.29038/2411-4014-2018-04-63-70

Keywords:

financing of innovative activity, sources of financing of innovative activity, potential of the enterprise to implementation of innovations, investments

Abstract

 

The technique of the analysis of potential of the enterprise to implementation of innovative activity within partial potentials (production, innovative, financial and investment, intellectual and personnel) is developed in the paper. The algorithm for the implementation of evaluation techniques is elaborated and indicators within each potential are selected. Indicators of production capacity will give the opportunity to evaluate the total efficiency of an enterprise, its profitability, efficiency of products, the level of use of production volume. Analysis of these data will give an opportunity to see how confident the company feels as an effective manufacturer of products and whether it has unused reserves that can be used in the work. Indicators of financial and investment potential will show the stability and presence of financial opportunities for financing and innovation, because the implementation of innovations at the enterprise with unsatisfactory financial and economic indicators are unreasonably risky, not to mention the lack of resources for this. Indicators of intellectual and personnel potential will give an idea of the number and level of qualification of personnel, the level of education of employees and the presence of people with a scientific degree among them. The indicators of the innovative potential will give reason to conclude, how innovative a company is; what is the share of innovative products in total sales; what are the amounts of financing of innovative projects. Information on the firm’s innovation activities (or lack thereof) will be an important source of decision-making on the implementation of an innovation.

The expediency of use of the specified system of evaluaton is justified. The share of partial potentials in the consolidated evaluation of the enterprise potential for innovation is determined. Systematization of sources of financing of innovative activity is carried out and recommendations on effective use of own and attracted financial resources taking into account the level of potential of the enterprise to introduction of innovations are developed.

References

Vlasova M. F. (2014). Systema yntraprenerstva v sfere stroytelstva [The system of intraprenership in the field of construction]. Ekaterynburh: UFU [in Russian].

Kuzmin O. Ye (2009). Metodolohichni pidkhody do otsiniuvannia innovatsiinosti tekhnolohichnykh protsesiv mashynobudivnykh pidpryiemstv [Methodological approaches to the assessment of innovation processes of mechanical engineering enterprises] [in Ukrainian].

Kuzmin O. Ye (2008). Otsiniuvannia ekonomichnoi efektyvnosti dosiahnennia stratehii mashynobudivnykh pidpryiemstv [Evaluation of economic efficiency of achievement of strategies of mechanical engineering enterprises] [in Ukrainian].

Kuzmin O. Ye., Didyk A. M., Melnyk O. H., Zhezhukha V. Y. (2014). Diahnostyka ta rozvytok innovatsiinoi skladovoi tekhnolohichnykh protsesiv: ekonomichni vazheli ta polivektornyi aspekt [Diagnostics and development of innovative component of technological processes: economic levers and polyvector aspect]. Lviv: Galician Publishing Union [in Ukrainian].

Kuzmin O. Ye. (2009). Innovatsiini systemy ekonomichnoi diahnostyky pidpryiemstv na zasadakh indykatoriv. Teoretyko-metodolohichni ta metodychni zasady [Innovative systems of economic diagnostics of enterprises based on indicators. Theoretical, methodological and methodical bases]. Lviv: NULP [in Ukrainian].

Perervy P. H., Mekhovycha S. A., Pohorielova M. I (Eds.), (2008). Orhanizatsiia ta upravlinnia innovatsiinoiu diialnistiu [Organization and management of innovations]. Charkiv: NTU [in Ukrainian].

Puzykova E. A. Orhanyzatsyonnыi mekhanyzm upravlenyia yntraprenerskoi deiatelnostiu na promыshlennыkh predpryiatyiakh [Organizational mechanism of management of intraprenership activity at industrial enterprises] Russian economic online magazine. – Retrieved from : http://bit.ly/2hrpc0Z

Hrudzevych Yu. I. (2016). Kharakterystyka suchasnoho stanu rozvytku innovatsiinoi diialnosti mashynobudivnykh pidpryiemstv Ukrainy [Characteristics of the current state of development of innovative activity of mechanical engineering enterprises of Ukraine]. Ekonomichnyi chasopys Skhidnoievropeiskoho natsionalnoho universytetu imeni Lesi Ukrainky. Economic journal of Lesya Ukrainka Eastern European national University named, [in Ukrainian].

Hrudzevych Yu. I. (2017). Metodyka analizu innovatsiinoi diialnosti ta otsinka dotsilnosti vprovadzhennia intraprenerstva na mashynobudivnykh pidpryiemstvakh [The methadology of analysis of innovative activity and evaluation of the feasibility of the implementation of intraprenership at mechanical engineering enterprises] Lviv: Scientific notes of Lviv University of business and law [in Ukrainian].

Ilina K. (2010). Analiz finansovoho potentsialu zrostannia innovatsiinoho pidpryiemstva [Analysis of financial potential of innovative enterprise growth] Lviv: Financial and economic prospects of development of Ukraine in the context of globalization [in Ukrainian].

Martiusheva L. (2002). Innovatsiinyi potentsial pidpryiemstva yak ob’iekt ekonomichnoho doslidzhennia [Innovative potential of the enterprise as an object of economic research] [in Ukrainian].

Published

2018-12-13

How to Cite

[1]
2018. Evaluation of the Potential of Enterprises to the Implementation of Innovative Actavities in the Context of Search for Effective Funding Sourses. Economic journal of Lesya Ukrainka Volyn National University. 4, 16 (Dec. 2018), 63–70. DOI:https://doi.org/10.29038/2411-4014-2018-04-63-70.