The Importance of the Life Cycle in Financing the Innovative Development of an Enterprise

The aim of the article is to clearly reveal the sequence and phasing that occurs at the enterprise and its innovations, which reflects the life cycle, which means the corresponding time interval, during which operational processes occur, developments and inventions arise. Based on this, it was determined that such a sequence, reflected in periods, is due to the emergence of new types of goods, means, objects, that is, ordinary and continuous activity. Using research methods, the interdependence of the innovative development of the enterprise with the stages of the life cycle has been proven, which include: monographic disclosure – according to which the life cycle is considered as a clearly defined sequence of implementing innovative development by releasing new goods and rebuilding production lines; expert assessments – different points of view on personnel planning as an integral part of personnel management at the enterprise were considered; abstraction – according to which the bringing of new developments, inventions, and ultimately products to serial production is revealed in accordance with the stages of the life cycle; the methods confirmed by analytical studies – according to which a comparison of resource means was made in accordance with the contribution of funds during the established time interval. From this, the periodicity of financial contributions was clarified with a breakdown into time schedules, which characterizes the uniformity and proportionality of cash flows together with the effectiveness of innovative processes. It is further on determined that the implementation of the innovative development of the enterprise according to the relevant measures, initiatives, aspirations, and implemented developments and inventions depends on such a periodic sequence. Thus, the manifestation of the phasing of works, operations and processes from one phase to another is studied, which is generally reflected by a graphic curve, where the time interval of the implementation and materialization of the developed objects is demonstrated.