Scientific approach to the formation of stakeholder interaction in the innovative economy

Abstract

The relevance of involving stakeholders in the decision-making process is due to the need to identify, group and classify them based on their circumstances or views on potential business conditions that can be realised, which will allow predicting interaction with stakeholders in conditions of dynamic opportunities. The purpose of the study was to define stakeholder interaction as a normative concept with implementation practice that can stimulate the development of theory and provide practical application in practice. The basis of the formation of a scientific approach to the formation of the interaction of stakeholders in the innovative economy were such methods as structural and comparative analysis, the method of generalisation. A scientific approach to the formation of stakeholder interaction is proposed, which involves an integrated process of their interaction in an innovation network based on dynamic capabilities with elements of model variable analysis. This enables the adjustment of the elements of the innovation network, the nature of relations with stakeholders and promotes the evolution of commitment, relations and knowledge sharing between stakeholders, as well as the adjustment, reflection and adaptation of interaction with stakeholders and consists of: the formation of an information space to define the components of the innovation network and relationships in the process of stakeholder interaction; implementation of the process of interaction of stakeholders in conditions of dynamic opportunities; reasoned choice of management decisions regarding the impact on the interaction of stakeholders. The research findings reflect a stakeholder interaction framework based on a process of identification, organisation and transformation integrated into co-creation and value, innovation network and knowledge sharing. The obtained results can be applied in the practical activities of state authorities and local governments, higher educational institutions, state enterprises, organisations and institutions, private entrepreneurial structures in the formation of intellectual, scientific resources and information technologies, effective use and qualitative improvement of all factors of production, which will contribute development of a new quality of public-state relations

Keywords

• innovation network
• knowledge exchange
• business relations
• identification
• organisation
• transformation