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Directions For The Development Of The Innovation Potential Of Enterprises In The Context Of Digital Transformations

Author

Listed:
  • Olena Gudz

    (State University of Information and Communication Technology, Ukraine)

  • Natalia Yevtushenko

    (State University of Information and Communication Technology, Ukraine)

  • Anastasiia Hlushenkova

    (State University of Information and Communication Technology, Ukraine)

Abstract

The article is aimed at reviewing and clarifying the theoretical and methodological aspects of forming the concept of "innovation potential of enterprise". To assess the state of development of the innovative potential of Ukrainian enterprises in the context of digital transformation. To substantiate the feasibility of using a digital transformation strategy to achieve the set goals in the current competitive environment. The level of development of the innovation potential of Ukrainian enterprises was measured over a number of years (2010-2021). Methodology. The article uses economic and abstract and logical research methods in combination with methods of analysis, synthesis and graphical representation. This made it possible to assess the level of development of the innovative potential of Ukrainian enterprises according to the main international rating and macroeconomic indicators. Results. The results of the assessment of the development of Ukraine's innovation potential revealed that the cost of implementing innovative developments in the country's GDP is decreasing every year. It was found that Ukrainian enterprises are slowly diversifying their production towards knowledge-intensive goods and services. This slow state of innovation is reflected in global indices, where Ukraine ranks among lower-middle-income countries. The main reason for this situation is the limited state policy in the field of innovation. It is established that at the state level, the development of innovation potential in the context of digital transformations is formed within the framework of scientific research and high-tech start-ups. Practical implications. In order to increase the innovation activity of enterprises and grow their innovation potential, it is advisable to change the values and guidelines of strategic management. In these conditions, the digital transformation strategy, which is considered as part of the overall communication strategy of the enterprise, becomes relevant for application. In the course of implementing the digital transformation strategy, effective communication interaction between the enterprise and its customers is ensured, and a qualitatively new model of communication processes management is formed and applied, taking into account digital technologies. Value/originality. Research on the development of innovation potential in Ukraine proves the need to use a digital transformation strategy as an effective modern tool for managing an enterprise in the context of digital transformation.

Suggested Citation

  • Olena Gudz & Natalia Yevtushenko & Anastasiia Hlushenkova, 2024. "Directions For The Development Of The Innovation Potential Of Enterprises In The Context Of Digital Transformations," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 10(1).
    • Handle: RePEc:bal:journl:2256-0742:2024:10:1:6
    DOI: 10.30525/2256-0742/2024-10-1-44-53
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    References listed on IDEAS

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    1. Alessandra Catozzella & Marco Vivarelli, 2014. "The Catalysing Role of In-House R&D in Fostering Complementarity Among Innovative Inputs," Industry and Innovation, Taylor & Francis Journals, vol. 21(3), pages 179-196, April.
    2. Freeman, Chris, 1995. "The 'National System of Innovation' in Historical Perspective," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 19(1), pages 5-24, February.
    3. Natalia Yevtushenko & Anatoliy Salo, 2021. "Consulting In Increasing Innovative Activities Of Enterprises Of Ukraine," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 7(2).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    innovation potential; development; digital transformation; strategy; management; technology; enterprise;
    All these keywords.

    JEL classification:

    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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