State regulation of innovative activities of entrepreneurship as a direction to ensure the sustainable development of the country’s economy
Journal Title: Вісник Житомирського державного технологічного університету. Серія: економіка, управління та адміністрування - Year 2019, Vol 89, Issue 3
Abstract
In the period of radical reforms and socio-economic transformations in Ukraine, the formation of foreign policy aimed at close cooperation with other European countries, domestic scientists and practitioners should focus on the main priorities of national policy formation, one of which is the government regulation of innovative processes in domestic entrepreneurship. The state regulation of innovation activity is a rather difficult and lengthy process, requiring the use of an arsenal of actions to strengthen the capacity and form the global positive image of domestic entrepreneurship. The most important task is the formation of such areas of state regulation that would be timely and adaptive to the external conditions in which Ukrainian innovative enterprises operate. The article systematizes the environmental factors that promote and prevent innovation activities. In addition, the authors indicate that the current system of state regulation of innovative activity of business entities in Ukraine does not meet the requirements of the modern development of public relations, and for this reason, the system cannot be considered effective. In this regard, the authors propose measures to improve this system, which include such areas as: changing the structure of commodity production in favor of the processing industries, creating conditions for increasing the income of the working population and, accordingly, increasing purchasing power, and creating a full-fledged investment infrastructure. The model of management of innovative activities of entrepreneurship is developed on the basis of the proposed recommendations. The article determines the direct dependence of state regulation of innovative activities of entrepreneurship on the level of regulation by the development of the country’s intellectual potential and proposes a mathematical model for evaluating the effectiveness of regulation by the latter. The authors make a conclusion about the importance of public administration in the innovation sphere in order to ensure the sufficient level of competitiveness of the country’s economy at the global level, and also highlight the main areas of regulation that require attention from government.
Authors and Affiliations
O. V. Orlova-Kurilova, I. A. Hnatenko, V. O. Rubezhanska
Keywords
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