Promising directions for improving production using innovative achievements

Abstract

The paper is devoted to the study and development of an innovative strategy for the organization of production activities at enterprises for the economy sustainable development. It is noted that innovative strategies in the production process should be aimed at maintaining the traditional competitive advantage and creating an innovative competitive advantage. The economic approach to the content of innovations is essential; it implies the definition of innovations through their relationship with the economic sphere as a whole. Scientific and technological progress increasingly predetermines the degree and speed of development of industrial enterprises. It covers all parts of the innovation process, including fundamental theoretical research, applied research, design and technological development, the creation of new technology samples, its extension and industrial production, as well as its implementation into the national economy. The formation of economic processes at enterprises is directly related to the application of advanced technologies. Owing to innovative technologies, there is a multiple increase in labor productivity, materials with new physical and chemical properties appear. Innovations are one of the causes generating crises at various levels of the progress of socio-economic structures in contemporary production. Their realization should be carried out in combination with technological, organizational, financial, and personnel restructuring based on the conceptual growth of an industry or enterprise.