Activities enhance innovation: innovation strategy woodworking company

Economic Processes Management: International Scientific E-Journal. 2016. № 4
Section: Economic processes management at microlevel

Cite this article:
Denysenko M. P., Deulina K. S. (2016). Activities to enhance innovation: innovation strategy woodworking company, Economic Processes Management: International Scientific E-Journal, 4, Retrieved from: http://epm.fem.sumdu.edu.ua/download/2016_4/epm2016_4_14.pdf

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Authors:
Denysenko Mykola Pavlovych
Doctor of Economics, Professor of Business and Economics Department
Deulina Karyna Sergiivna
Student
Kyiv National University of Technology and Design, Ukraine

Abstract:
A major factor in the development of economic systems in modern conditions is innovation, so the economy remains an important task − the development of internal processes based on innovation. The presence of innovative component in the production will increase the competitiveness of individual firms and the economy as a whole, as well as the volume of production and exports. New ideas and products, advanced technologies and organizational solutions increasingly determine the success of entrepreneurial activity, ensure the survival and financial stability of the enterprise. the necessity of implementation of innovation activities emerges as the main requirement. That is why the problems of innovative activity in economic systems nominated in the category of priorities in the structure of economic research. The article substantiates the position of innovative development of the woodworking industry.

Keywords:
innovation, innovation strategy, wood industry.

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