Innovation-investment mechanism of the economicentities development in the conditions of transformational challenges

• Published in: Management theory & studies for rural business & infrastructure development Vol. 45; no. 4; pp. 343 - 351
• Main Authors: Havrylchenko, Olena, Polozova, Tetiana, Bilyk, Victoria, Pokanievych, Yurii, Larionova, Katerina
• Format: Journal Article
• Language: English
• Published: Kaunas Sciendo 01.01.2023; De Gruyter Poland
• Subjects: D19; D23; E66; Economics and Business; innovation activity; innovation-investment mechanism; investment; management of innovation-investment activity; Social sciences; transformational changes; Vadyba / Management (S003); LT; Innovation activity; Transformational changes; Innovation-investment mechanism; Management of innovation-investment activity; Investment
• ISSN: 2345-0355; 1822-6760; 2345-0355
• DOI: 10.15544/mts.2023.34

The purpose of the study is to substantiate the innovation-investment mechanism of the development of economic entities in the conditions of transformational challenges, which involves a recurrent structure for comprehensive consideration of its components. In the researched and substantiated implementation of the recurrent ratio of the innovation-investment mechanism for the development of economic entities in the conditions of transformational challenges, it is possible to take into account: the functions of the innovation-investment mechanism, which include: strategic-target, organizational management, analytical-informational, social-cultural functions; exogenous and endogenous actors of the mechanism of subjects of economic activity; targeting the achievement of the set tasks of the functioning of the innovation-investment mechanism for the development of economic entities in the conditions of transformational challenges; strategies of innovation and investment development at the level of various levels of government, enterprises and others, taking into account the coherence of the interests of all economic entities; diversification of sources of investment resources; generally accepted methods of the mechanism, which include: planning, forecasting, control, diagnostics, stimulation; specific methods of the mechanism, which include: generation of ideas, compilation, distribution; and management of the innovation and investment mechanism.