Process Approach to Formation of the Strategy of Innovation Development of Enterprises

Abstract

The article considers the process of formation of the strategy of innovation development on the basis of the process approach. The author studies and identifies the most significant cause-effect interrelations between the factors that influence efficiency of the process of formation of the strategy of innovation development of enterprises and their consequences. The article offers a process approach to building the K. Ishikawa diagram based on empirical assessment of management of business processes at railway engineering enterprises. The author’s approach would help solving multiple problems of railway engineering and also could be used in other sectors of economy.

Keywords

• process of formation of the strategy of innovation development
• management of business processes
• railway engineering
• K. Ishikawa diagram