INSTITUTIONALISATION OF INNOVATIVE ACTIVITY OF ENTERPRISES IN THE SYSTEM OF STRENGTHENING ECONOMIC SECURITY OF BUSINESS ENTITIES IN THE CONTEXT OF GLOBALISATION OF THE PROCESSES OF POST-WAR ECONOMIC RECOVERY OF UKRAINE ON THE BASIS OF INNOVATIVE DEVELOPMENT

Abstract

The purpose of scientific research is to analyse peculiarities and identify the problems of institutionalization of the innovative activity of enterprises as prerequisites for modernity and the post-war recovery of the economy of Ukraine. The results of the conducted research suggest that the innovative activity of enterprises directly depends on the quality of the state's development within the limits of innovation and on the quality of methodological, financial, economic, technical and technological support of the sphere of innovations. The article reveals the essence of the innovative activity of enterprises and the innovative development of the economy, as well as identifies their mutual influence and interconnection. It has been found that states with a high level of economic development can provide more convenient prerequisites for the implementation of innovative activities by enterprises and form effective mechanisms for their protection from the challenges and dangers of the external and internal environment. The article identifies significant problems in intensifying the innovation activity of enterprises in Ukraine in the context of war, which are associated with a high level of imperfection of modern technology transfer mechanisms, outdated material and technical base, raw material export specialisation and the advantage of a high level of technological imports. In order to outline the strategic vectors of stimulating the innovation activity of enterprises as a factor in strengthening security of their economy, the main measures to minimise the negative impact of destabilising factors are proposed, in particular, the need to increase the level of professional competence of employees of enterprises in introducing innovations and conducting innovation activities, to increase the volume of financing of the innovation sphere, to reduce the impact of military challenges and dangers, to form preferential programmes for lending innovative activities, and to attract external investors to participate in innovative projects is proved.

Keywords

• innovations
• innovative development
• innovative activity
• business entities
• the economic security of the enterprise
• Global Innovation Index