THE IMPACT OF INNOVATION SUPPORT ON THE SUSTAINABLE DEVELOPMENT OF ENTERPRISES

Abstract

Today, the problems of devaluation of the environment, depletion of natural resources, and social and economic crises are increasingly deepening. The issue of sustainable development at the enterprise level is becoming a necessity, not just a regulatory requirement. The critical role in this process is played by innovative support capable of reforming the existing approaches to the problems mentioned above. The study aims to determine the relationship and mutual influence between the indicators of innovation support and sustainable development of enterprises and to form recommendations based on the results using the methods of correlation analysis, multivariate regression, and case study. The study revealed a close correlation between the indicators of innovation support, which are represented in the study by the Global Innovation Index with its sub-indices, and such Sustainable Development Goals (SDGs) indicators as the “Logistics Performance Index: Quality of trade and transport-related infrastructure” and “Electronic waste (kg/capita)”. It has been determined that the first indicator is most strongly influenced by institutions and infrastructure, and the second is influenced by institutions, human capital and research, infrastructure, and market structure. The recommendations formed because of the analysis include using electronic systems and resource cycles. The results obtained can be of practical importance and used by both enterprise management and government agencies to optimise the enterprise's logistics system and waste management.

Keywords

• innovation
• innovation support
• innovative technologies
• sustainable development
• sustainable development goals
• ecology