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Encouragement Of Innovation Activity Of Industrial Enterprises

Nowadays Russian industrial enterprises operate amid global competition at the world market. That is why the policy concerning industrial enterprises is focused on arrangement of conditions and implementation of a set of measures aimed to encourage those progressive structural changes in production that can meet the world's requirements. In the authors’ opinion, the desired objective can be achieved by innovation activity encouragement at enterprises. The purpose of the present article is development and elaboration of efficiency of the innovation activity mechanism of industrial enterprises. The target of the research is innovation and investment processes of industrial enterprises. The methodological foundation of the scientific article is the complex approach to study of organizational and economic phenomena in the sphere of innovation activity of industrial enterprises. The academic novelty lies in theoretical justification and elaboration of methodological approaches to encouragement of innovation activity of industrial enterprises at the present development stage. The authors designed the mechanism to encourage innovation activity of industrial enterprises that contributes to activization and growth of innovations. Forms of enterprises interaction that promote the efficiency of management structures of innovation activity are revealed. The article offers an economic matrix developed to assess practicality and efficiency of public forms interaction based on positive and negative factors. Thus, the article provides and proves the efficiency of the designed mechanism to encourage innovation activity of industrial enterprises, which is able to increase innovation potential of the economy and to take innovatively active enterprises to the world standard level. © 2018 Published by Future Academy www.FutureAcademy.org.UK