Institutional conditioning of innovative development of economic entities Cover Image

Інституційна обумовленість інноваційного розвитку суб’єктів господарювання
Institutional conditioning of innovative development of economic entities

Author(s): O. M. Pankratova
Subject(s): Economy, Micro-Economics
Published by: Національний юридичний університет імені Ярослава Мудрого
Keywords: business entities; innovative development; institutional Economics; freedom; market economy; development; state;

Summary/Abstract: The innovative component activities of the enterprise as the institutional factor is considered in the article. It was proved that a set of rights, powers and duties recognized by all members of the institutional system constitutes the institutional status. These rights and powers are given to an entity and provide an authorized system access to a specific array of resources. Active innovation provides strategic stability of enterprises. Therefore, the solution of economic, social, managerial and personal problems in modern society provides specific innovative style of management. Reliance on innovations, novation, systematic and constant innovation is the basis of this style. The role of the state in an unstable socio-economic situation was considered. The threat of decreased competitiveness of domestic entities continues to be high enough without the state support. It was proved that the state as a regulator of the institutional environment has the crucial role in establishing of the institutional medium.

  • Issue Year: 1/2017
  • Issue No: 28
  • Page Range: 42-53
  • Page Count: 12
  • Language: Ukrainian