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Effective Management As A Condition For Innovative Development Of The National Economy

Table 1: Factors ensuring the adoption of managerial decisions aimed at the innovative development of the enterprise

External factors Internal factors
increased competition in the occupied market, which implies a constant search for new methods and opportunities to meet the growing needs of consumers, especially – in innovative focus;development of science, providing the additional opportunities in the development and production of new goods and services and entering unoccupied market segments;complication of access to various types of resources as a result of economic sanctions, pandemic conditions, etc., which increases an interest of the companies in activities related to deeper processing of available raw materials;improvement of human capital due to an increase in the level of education and an increase in the income of the population, which stimulates the demand for innovative products; the ability to minimize costs per unit of production, which allows companies to get more profit from a unit of goods and stimulates an increase in volume of production;decrease of the amount of waste from the main production, ensuring a reduction in the costs of their disposal and improvement of the company's image as an environmentally responsible player (as a rule, this attracts new consumers);growth in the value of the company's shares and an increase in its capitalization due to escalating interest in high-tech production;activation of innovative processes in production and management due to the high level of education and professional skills of owners and managers.
increasing the interest of the state in the innovative development of the national economy and providing of state support for:- enterprises engaged in the development and implementation of innovations;- consumers with their demand for innovative products, both for using and industrial purposes.
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