Innovative approach to strategic management of machine-building enterprises

Economic Annals-ХХI: Volume 157, Issue 3-4(1), Pages: 94-96

Citation information:
Androsova, I., & Simonenko, E. (2016). Innovative approach to strategic management of machine-building enterprises. Economic Annals-XXI, 157(3-4(1)), 94-96. doi: https://doi.org/10.21003/ea.V157-0029

Irina Androsova
PhD (Economics),
Associate Professor,
Regional Economy and Management Department,
Southwest State University
94, 50 Let Oktyabrya Str., 305040, Kursk, Russia
androsova.irina@rambler.ru

Elena Simonenko
PhD (Economics),
Associate Professor,
Regional Economy and Management Department,
Southwest State University
94, 50 Let Oktyabrya Str., 305040, Kursk, Russia
simonenkol@mail.ru

Innovative approach to strategic management of machine-building enterprises

Abstract. Introduction. The article covers the issues of innovative approach to the national machine-building industry development. National economic success is predicated upon the ability of national enterprises to manufacture high technology products competitive on a global scale. The advance of Western European economies rests foremost on the up-to-date material and technical basis as well as innovative technologies involved; those are the first order conditions ensuring economic efficiency growth. The state of national machine-building complex is one of the key indicators to evaluate social and economic growth of a country. It ensures sustainable performance of the main national economic sectors. As a part of the current economic reforms, active advancement of innovative processes leads to dramatic changeover in technical, administrative and economic policy of economic entity development, and therefore directly affects the performance of machine-building enterprises. Purpose. To contribute to solving the problems of machine-building enterprise’s innovative capacity assessing. Results. The authors give an overview of innovative development rates in different countries. They present an algorithm to assess the rate of innovative development of a machine-building company which is instrumental to estimate its innovative capability. Innovation-centric management strategies of machine-building enterprise have been proposed. Conclusion. Machine-building enterprise management is deemed to be focused on innovative approaches implementation. That shall improve the main national measures which allow elaborating various strategic scenarios of national machine-building sustainable development.

Keywords: Innovations; Management; Machine Building; Industrial Enterprise; Algorithm; Innovative Development

JEL Сlassіfіcatіon: F4

Acknowledgement. The research was carried out within the Sate Scientific Task No. 26.2671.2014/K «Theoretical and methodological basis for the development and implementation of a cluster-based policy at the regional level and scientific and methodological foundations of the structural benchmark tools for the regional social and economic system».

DOI: https://doi.org/10.21003/ea.V157-0029

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Received 5.12.2015