Theoretical Basis for Forming the Potential of a Manufacturing Enterprise Based on Innovative Development

The article examines the theoretical foundations of forming the potential of a manufacturing enterprise based on innovative development. The focus is on determining the role of innovation in ensuring the competitiveness and long-term sustainability of manufacturing enterprises. Key approaches to forming the potential of a manufacturing enterprise are analyzed, including the integration of internal resources and external opportunities with an emphasis on innovative processes. The main problems and barriers that may arise in the implementation of innovations, as well as the prospects for overcoming them, are separately considered. It is concluded that innovative development is an integral part of effective management of a manufacturing enterprise in modern conditions.

Authors

Publication Details

Journal
Economics time realities
Published
2024-11-26
DOI
https://doi.org/10.15276/etr.06.2024.12
Primary Topic
Economic and Business Development Strategies
Type
article
Field-Weighted Citation Impact
0.00
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article

Theoretical Basis for Forming the Potential of a Manufacturing Enterprise Based on Innovative Development

Dmytro Cherkasov
Economics time realities
Economic and Business Development Strategies
article

Theoretical Basis for Forming the Potential of a Manufacturing Enterprise Based on Innovative Development

Dmytro Cherkasov
article en

Abstract

The article examines the theoretical foundations of forming the potential of a manufacturing enterprise based on innovative development. The focus is on determining the role of innovation in ensuring the competitiveness and long-term sustainability of manufacturing enterprises. Key approaches to forming the potential of a manufacturing enterprise are analyzed, including the integration of internal resources and external opportunities with an emphasis on innovative processes. The main problems and barriers that may arise in the implementation of innovations, as well as the prospects for overcoming them, are separately considered. It is concluded that innovative development is an integral part of effective management of a manufacturing enterprise in modern conditions.

Economics time realitiesVol. 6(76)
Openalex Percentile: Top 69%
Economic and Business Development Strategies
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