THE MAIN ASPECTS OF SUSTAINABLE DEVELOPMENT IN THE MANAGEMENT OF COMPETITIVENESS OF INNOVATIVE ENTREPRENEURS

  • Iryna Zrybnieva Yuriy Fedkovych Chernivtsi National University
Keywords: sustainability, innovation, innovation system, functions of innovation system

Abstract

The author notes that sustainable development and a sufficient level of competitiveness of innovative entrepreneurs can not be achieved without creating special institutional conditions, and one of these prerequisites is the formation of an innovation system. In his opinion, to ensure the sustainability of the development of innovative entrepreneurship is necessary not only the formation of an innovative environment, but also the formation of an innovative system that produces new solutions, provide incentives for qualitative change in the segment of innovative entrepreneurship. The article reveals the meaning of the concept of "innovation system" and gives different views on its understanding. The author gives his own understanding of the concept of national innovation system – an institutionalized dynamic set of elements represented by major sectors (which in general can be aggregated into three key groups: government, business, science), interacting through a special mechanism that includes vertical (hierarchical) and horizontal (network) communications. The article highlights several main functions performed by the innovation system. One of the most important functions of the innovation system is to ensure the sustainability of the national socio-economic system by supporting its innovative transformations; the second function is to form such an institutional space in which the conditions and factors necessary for the sustainable development of the subjects of innovative entrepreneurship are concentrated.

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Published
2020-12-30
How to Cite
Zrybnieva, I. (2020). THE MAIN ASPECTS OF SUSTAINABLE DEVELOPMENT IN THE MANAGEMENT OF COMPETITIVENESS OF INNOVATIVE ENTREPRENEURS. Entrepreneurship and Innovation, (15), 100-105. https://doi.org/10.37320/2415-3583/15.17
Section
Money, finance and credit