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The development of the national economy and the increase of domestic enterprises competitiveness are associated with the transition to an innovative model of economic development. We proposed the structure of organizational and economic mechanism, which distinctive characteristic is the composition of the interaction process of subjects and objects of management. As subjects of management in mechanism we singled out three subsystems: functional, process and administrative which are the bases of innovative development. As a result of the research it is found that the process of innovative development management should be considered as a set of subprocesses series, reflecting the combination of the main stages of the innovation life cycle. We proposed scientific and methodical approach to evaluate the effectiveness of entities innovative development management, which allows us to assess their level of innovation and generate proposals for adjusting innovation strategy.

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