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Innovative Development of Business Structures
But-Gusaim O. H.

But-Gusaim, Oleksandr H. (2024) “Innovative Development of Business Structures.” Business Inform 2:72–81.
https://doi.org/10.32983/2222-4459-2024-2-72-81

Section: Innovative Processes

UDC 005.591.6:334.72

Abstract:
The study is aimed at creating scientifically based approaches to understanding and analyzing innovations in business structures, which contributes to the further development of this important field and will help solve the problem of the lack of a comprehensive understanding of these processes. The aim of the article is to carry out a critical analysis of domestic and foreign literature to systematize and summarize the available data. The article systematizes, according to the results of the carried out study, approaches to the definition of innovative development through the improvement of business processes, the use of new technologies and system innovations. The practical bases for this is that the importance of new technologies for business efficiency and competitiveness has increased, and system innovation has become essential for adapting to a changing environment. The carried out study improves the conceptual and categorical apparatus and offers its own definition of innovative development of business structures. The study shows that the concept of innovative development of business structures can be considered from different points of view. This includes improving business processes, using the latest technology, and applying system solutions. The proposed own definition of innovative development of business structures emphasizes that this is a complex and complex process. This process involves continuous improvement of business processes in order to improve the quality of products, services and activities. To achieve this, it is necessary to actively use the latest technologies, develop and implement new products and services. In addition, innovative development implies a willingness to adapt to changing market conditions and needs. Thus, the innovative development of business structures is recognized as multiaspectual and inseparable from the process of continuous improvement and growth in the modern economic environment. The practical significance of this study is manifested in the improvement of the theoretical approach to the creation of innovative development strategies for enterprises.

Keywords: innovation, innovative development, business, business structure, enterprise.

Tabl.: 1. Bibl.: 30.

But-Gusaim Oleksandr H. – Postgraduate Student, Department of International Management and Innovation, Institute of Economics and Management of the National University (1 Shevchenka Ave., Odesa, 65044, Ukraine)
Email: [email protected]

List of references in article

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