Innovation as a Factor of the Development of Territorial Communities

Abstract

The purpose of the paper is to substantiate the need for the introduction of innovations in the activities of business entities and territorial communities. Analyzing, systematizing and generalizing the scientific work of many researchers, it was discovered that innovation is one of the factors of successful decentralization. As a result of the study, the essence of the concept of innovation is shown, which can be considered as the introduction of something "new and improved" or activity that requires a person or community to do something different than before. Elements of innovation capacity are singled out. The peculiarities of investment activity formation in Ukraine are outlined. The basic principles and functions of management of effective work in the field of innovations are determined. The factors of implementation of innovations in the branches, organizations and territorial communities are presented.

Components of the Model of Effective State Regulation of Welfare Growth of Territorial Community

“…One of the tools of the model of effective state regulation, without objection, is to ensure the welfare of local communities in the model of social partnership based on investment as factors of successful decentralization, which includes: improving the quality of education (level of quality of education, completeness of the educational process, interconnection and coherence of all forms of education), ensuring the physical and moral health of the nation (increasing life expectancy, improving living conditions, providing adequate nutrition), increasing production efficiency (efficient use of all resources, use of innovative technologies, improving the efficiency of labor resources). Social partnership, as a tool to increase the welfare of local communities, provides: increasing incomes, reducing poverty and developing social assistance [7].…”