Improvement of the innovation management system in the manufacturing industry

Abstract

Sustainable long-term development of the energy sector is impossible without a developed manufacturing industry and especially machine-building enterprises. The article identifies the factors that have the greatest impact on the development of innovation in the manufacturing industry. A multi-factor regression model is constructed to determine the degree of influence of various socio-economic factors on the level of innovation development in manufacturing industries. An organizational and economic mechanism aimed at enhancing innovation in the manufacturing industry and increasing the competitiveness of the products of enterprises in this sector is proposed.