The Strategic Determinants of Formation of Competitive Advantages of Innovative Development of Enterprise

Abstract

The scientific article is aimed at defining and studying the basis of strategic determinants of the formation of competitive advantages of innovative development of enterprise. Using methods of analysis, systematization, generalization and synthesis, the works of domestic and foreign scholars on the peculiarities of ensuring strategic determinants of the formation of competitive advantages of innovative development of enterprise were studied. It is noted that the strategic determinants of innovative development of enterprise are the reasons, factors and conditions that encourage the management of enterprise towards activities, managerial decisions and development of business models that lead to the formation of innovative development strategies implemented through the use of modern innovative, digital, process-oriented and cognitive instruments designed to achieve long-term goals of the enterprise in ensuring competitive advantages. As a result of the research, the structural construction of strategic determinants of innovative development of enterprise in the conditions of achieving competitive advantages is formed and substantiated. The main tendencies of modern aspects of competitive advantages of innovative development of enterprises are identified. The peculiarities of formation of innovative development of competitive advantages of enterprise within terms of strategic determinants are considered. Prospects for further research in this direction are the definition of practical aspects of strategic determinants of the formation of competitive advantages of innovative development of enterprises in a crisis. Deepening the research is directed towards the use of competitive advantages of innovative development by enterprises in the field of management of economic potential.