DEVELOPMENT OF THE ENTERPRISE’S INNOVATIVE POTENTIAL ON THE BASIS OF RESOURCE THEORY

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DOI:

https://doi.org/10.18371/fcaptp.v3i38.237473

Abstract

Abstract. Innovations play great role in the economic growth and development. And question of explanation enterprises’ ability to generate and implement them are topical as from scientific, as from applied points of view. The article is dedicated to the issues of innovative potential and its development. Authors explain its essence on the basic of resource theory and propose to determine its main components such as innovative resources, innovative capabilities, innovative competencies and innovative project. Based on this it is proposed to define innovative potential as set of integrated characteristics, which let use innovative resources with help of innovative competencies on the basic of innovative organizational capabilities. Innovation resources include both traditional and intellectual resources. Innovative competencies are sets of personnel features to generate innovative ideas and provide their implementation. Innovative organizational capabilities characterize ability of enterprise use innovative resources by development of modern business-models, processes and procedures. Innovative projects are main tool of innovative potential realization. Research shows expediency for evaluation and monitoring of innovative potential development to use four-component matrix. These components are resources, competencies, capabilities and projects. First three are components of innovative potential, fourth — embodiment
of the realization of innovation potential. These components are evaluated on the basic of binary logic of economic processes analysis.  Dynamic model of innovative potential development is proposed. This model consists of such stages: analysis of innovative potential components; selection of target innovative projects; identification of correspondence between components of innovative potential and target projects; creation of innovation potential development program.

Keywords: innovation, development, innovation potential, resources, capabilities, competencies, innovative project, evaluation of innovative potential model.

JEL Classification O31, O32, O33

Formulas: 2; fig.: 6; tabl.: 0; bibl.: 17.

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Published

2021-06-30

How to Cite

Lavrenenko, V., Makhova, H., & Vostriakova, V. (2021). DEVELOPMENT OF THE ENTERPRISE’S INNOVATIVE POTENTIAL ON THE BASIS OF RESOURCE THEORY. Financial and Credit Activity: Problems of Theory and Practice, 3(38), 397–408. https://doi.org/10.18371/fcaptp.v3i38.237473

Issue

Section

Economic-theoretical aspect of Financial Credit System's development