Mechanism for Innovation Management of the Competitive Status of Machine-Building Enterprises
Journal Title: Бізнес Інформ - Year 2015, Vol 12, Issue 0
Abstract
The article is concerned with improving the mechanism for innovation management of the competitive status of machine-building enterprises. It has been found that effective functioning of the mechanism for innovation of the competitive status of machine-building enterprises is based on the agreed, directional innovative action of all structural elements. The process of implementing the specific primary purpose of the mechanism for innovative management of the competitive status of machine-building enterprises should be aimed at addressing the major tasks such as ensuring the optimal capital structure in terms of providing opportunities for effective development in the strategic period as well as the level of competitive status; unchanged solvency and liquidity of enterprise; maximum profitability of the operating, financial and investment activities; correspondence of the amount of capital involved with the amount of needs for emerging assets; balancing the money flows of enterprise; minimal costs to attract loan capital. It is concluded that formation of mechanism for innovation management of the competitive status of machine-building enterprises provides to maximum clearly calculate and evaluate the future profitability indicators as well as the factors affecting them, to draw appropriate conclusions and to adopt strategic measures timely.
Authors and Affiliations
Bogdan Yatsenko
Keywords
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