The Innovative Strategy of Enterprise: Special Approaches to Formation in the Current Conditions of Development of the Restaurant Sphere in Ukraine

Abstract

The article is aimed at researching the innovative strategy of enterprise and special approaches to formation in the current conditions of development of restaurant sphere of activity in Ukraine. The innovative strategies that are used in different types of restaurant business are defined. The basic instrumentarium used for development of innovative strategy of establishments of restaurant business is analyzed. The authors suggest division of large restaurant enterprises and small firms (cafes) on the used strategic instruments (enterprises using the related diversification; enterprises using the emergent theory; enterprises, using the theory of supporting innovations). The groups of innovative strategies found at the Ukrainian restaurant market (diversification (related and non-relational), hybrid models, strategy of ousting the leader) are defined. The authors’ own definition of innovative strategy in restaurant business is proposed.

Keywords

• innovative strategy
• restaurant business
• innovative strategy of restaurant industry
• innovations in restaurant industry