Innovative strategies for industrial enterprises development in crisis conditions

Darmoroz Petro
Researcher of the «Economics and Management» Department, Ukrainian State University of Science and Technologies, e-mail: petr_darmoroz@ukr.net, ORCID ID: https://orcid.org/0009-0004-6895-4502

Cite this article:

Darmoroz, P. (2024). Innovative strategies for industrial enterprises development in crisis conditions [Innovatsiini stratehii rozvytku promyslovykh pidpryiemstv v umovakh kryzy], Socio-economic research bulletin, Vìsnik socìal’no-ekonomìčnih doslìdžen’ (ISSN 2313-4569), Odessa National Economic University, Odessa, No. 3-4 (90-91), pp. 136-145.

Abstract

The article investigates current directions of innovative strategies for industrial enterprises development in crisis conditions, based on the economic efficiency of this process. The purpose of the article is research and economic substantiation of innovative strategies for industrial enterprises development in modern conditions characterized by the turbulence of the main macroeconomic indicators. The research methodology involves the use of methods: empirical research (comparison, observation), theoretical research (ascending from the abstract to the concrete), general scientific methods (abstraction and concretization, analysis and synthesis, induction and deduction, analogy), etc. The relevance of solving the scientific problem defined in the article lies in the fact that in the conditions of comprehensive limitation of financial resources, including those allocated for industrial enterprises development, on the one hand, and the need to ensure the uninterrupted operation of the industrial complex, on the other hand, there is an urgent need in the creation and substantiating of innovative strategies for their development, which will also allow to attract utilize the production capacities of industrial enterprises, which are losing their competitive positions due to crisis phenomena in the national economy. The results of the study are as follows: the economic indicators of the implementation of innovative strategies for industrial enterprises development are determined; economic mechanisms for attracting additional funds to the development and operation of industrial enterprises are proposed. It is the mechanism of using mutual settlements in practice, the schemes proposed by the author, taking into account the introduction of warehouse certificates, which is substantiated in this way, makes it possible to improve the entire system of mutual settlements with the help of: reduction of business risks associated with the complexity of the product under the conditions of its prepayment, and even with the possibility of damage to them, the loss of the goods in the warehouse; reduction of terms, cost of warehouse operations, etc. The originality and practical value of the research lies in the fact that the article systematizes the existing directions of economic justification, taking into account the specific features of industrial enterprises functioning. The conclusions of the study are as follows: it is shown that the development and implementation of specific innovative strategies for the development of industrial enterprises allows us to determine that innovations in the industrial sector of the national economy of our country can become a multiplier catalyst for the launch of a new investment cycle and the implementation of the current model of economic development. The results of conducted research can be useful for enterprises of the industrial sector, organizations on the balance sheet of which there are objects of the industrial complex.

Keywords

innovative strategies; industrial enterprises; economic efficiency; cost price; competitiveness; organizational and economic mechanism; enterprise’s development in crisis conditions.

JEL classification: O320; DOI:https://doi.org/10.33987/vsed.3-4(90-91).2024.136-145

UD classification: 658.012.2: 330.341.1

This work is licensed under a Creative Commons Attribution 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/

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