Typological Features of Innovative Development of the Timber Industry Complex

Abstract

Forestry is currently changing from a quite traditional and declining sector to a "sector of the future" that offers solutions to a number of pressing problems. Innovations and their implementation in the timber industry complex can be represented as a certain algorithm, in which the innovation goes from an idea to a specific product, technology or service and is distributed in forestry practice. The article deals with the issue of financial resources and their influence on the development of innovation potential of the timber industry complex. In the process of the study the following methods of scientific knowledge were used: axiomatic method - to clarify the essence of the concept of "innovation" and justify the principles of innovative development of forestry enterprises in terms of institutional transformations; systematic approach - to form the ecological-economic foundations for enhancing innovation in the forest sector, based on the significant role of forests in the preservation of environmental and economic stability and assimilation capacity of areas; abstract-logical method - to identify the key factors of innovative development of the forest sector in general and forestry enterprises in particular. Innovation activity manifests itself in the integral competitiveness of products in the form of the economic effect of innovations. It is shown that for the most reliable assessment it is advisable to include a factor of accounting financial resources in the assessment model. For the forest sector of the economy, the proposed approach is particularly significant. The results of innovative activity of an organization and product competitiveness are described by integrated models.