FINANCIAL MODELS FOR SUSTAINABLE GROWTH OF INNOVATIVE ENTERPRISES
FINANCIAL MODELS FOR SUSTAINABLE GROWTH OF INNOVATIVE ENTERPRISES

Summary/Abstract: The article considers the factors influencing the increase (decrease) in the sustainable growth rate of cluster enterprises. The negative impact of factors creates a greater degree of uncertainty and increases risks. The creation of innovative products entails a significant investment of resources while ensuring sustainable growth. Planning the costs of innovative products is not associated with a sustainable growth rate, which reduces the return on the resources used already at the first stage - designing an innovative product. Increasing the efficiency of using intensive factors entails an increase in a sustainable growth rate. A predictive model of a sustainable growth rate is proposed, which allows modeling the process of reducing costs for innovative products while simultaneously monitoring a company's sustainable growth rate. Recommendations are given on the use of functional strategies that contribute to a sustainable growth rate of enterprises in the innovation cluster. The novelty of the study lies in a new approach to solving the problem of sustainability of innovative enterprises: in combining the functions of creating innovative products and ensuring sustainable growth.

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