Research on Industrial Economic Innovation Development Strategy Based on Ordered Logit Modeling

Methods. The generalization and analysis made it possible to prove that the most important condition for the economic development of the country in modern turbulent conditions is to ensure the stability of the development of industrial enterprises in the real sector of the economy. In the course of the globalization of the economy, accompanied by the active development of the economic space, the acceleration of the exchange of information, technology, knowledge and experience, contribute to the transformation of industrial enterprises and increase their dynamism, which puts forward new requirements for doing business. The issues of the constancy of functioning and development of industrial enterprises are becoming increasingly important due to the increasing impact on business entities of negative trends caused by exogenous and endogenous factors (financial crises, pandemics, military events, etc.). Accordingly, qualitative changes are needed in the management mechanisms at the level of industrial enterprises to ensure their sustainable functioning and development. In unstable economic conditions, the management of industrial enterprises must be based on the principles of adaptation to ensure economically sustainable functioning and development in the long term. However, at present, one can state the low quality of management, which negatively affects the efficiency of industrial enterprises. Consequently, the modern market economy requires absolutely innovative approaches to management, which are based on the principles of selffinancing, self-sufficiency, self-government. Results. The author in the article analyzed the dynamics of the volume of sales (goods, services) of enterprises in 2010–2021 (according to the institutional and functional approach). The results of the analysis indicate that the volume of sold products (goods, services) of the industry in the total number of products sold for 2010–2021. 68% to 33.78%. Therefore, we can state the fact that the general industry provides from 30 to 40% of the total volume of sales, which confirms the priority of this industry in the development of the country's economy. The article analyzes the problems of industrial enterprises, identifies the components and their indicators necessary for a permanent assessment of the resource potential as the basis for the formation of a management system for the innovative development of industrial enterprises. Novelty. An algorithm is proposed for assessing the components of the resource potential of industrial enterprises in order to develop a management solution for the formation of a foresightinnovative enterprise management mechanism, which consists in successfully overcoming problems at domestic industrial enterprises, needs an integrated approach, including business support, technology modernization, stable energy supply, social responsibility and favorable conditions in the investment and regulatory environment. Only in such conditions it is possible to create certain positive conditions for the development of industry and ensure the sustainable growth of the country's economy. Practical value. It was determined that the solution of problems at domestic industrial enterprises of Ukraine requires comprehensive measures, including support from the state, involvement of the private sector, modernization of technologies and management, innovation, education and international cooperation. Only in such conditions it is possible to create favorable conditions for the stable development of domestic industrial enterprises.

Phenomenon/Issue: Companies around the world invest heavily in innovation and technology development strategies to improve their competitiveness. However, Micro, Small and Medium Enterprises (MSMEs) in Malang Regency still face challenges in adopting digital technology and developing innovations to achieve business success. Purpose: This study aims to analyze the influence of innovation development strategies and technological advances on the success of MSME businesses in Malang Regency, with digital marketing literacy as a mediating variable. Novelty: This study provides new insights into the mediation role of digital marketing literacy in the relationship between innovation development strategies, technological advancements, and MSME business success. These findings can make theoretical and practical contributions that are useful for the development of MSMEs in the digital era. Research Methods: This study uses a quantitative approach with a survey method. Data was collected through a questionnaire distributed to MSME owners or managers in Malang Regency. Data analysis uses structural equation modeling (SEM) to test the research hypothesis. Results: The results of the study show that the strategy of developing innovation and technological advances has a positive and significant effect on the success of MSME businesses. In addition, digital marketing literacy has been proven to mediate the relationship between the two variables. Research Contributions: This research makes a theoretical contribution by expanding the understanding of the mediation role of digital marketing literacy in increasing the success of MSME businesses through innovation development strategies and technological advancements.

The aim of the article is to study the dynamics of innovations development, to identify the main problems of innovative activities development and to advance proposals for the incentive instruments formation. The main method of research is the systemic and structural approach, which makes it possible to organize the search for solving problems most effectively. Methods of comparative, functional analysis and classification are also used. The theoretical basis of the article is the conceptual provisions and scientific principles developed by domestic and foreign scientists on the innovative development of industrial enterprises, tools for their implementation. However, the problems associated with the development and implementation of an effective mechanism for applying the innovative development of industrial enterprises in the context of the need to intensify the inclusiveness of innovative processes remain unfinished. The importance and significance of these questions determined the choice of the topic of the article, setting of the purpose and objectives of the study. The article analyzes the status and dynamics of innovative activities of domestic enterprises. The main trends and problems of the enterprises’ innovative development in modern conditions of limited financing and reducing the foreign investment resources are revealed. The level of using various types of innovations by industrial enterprises is investigated and the peculiarities of cost sharing for innovative activities are determined. The condition analysis of innovative activities of Ukraine’s industrial enterprises is carried out, namely the ratio of innovative products sold, the ratio of enterprises engaged in innovative activities, the number of new technological processes introduction and the production development of new types of products by industrial enterprises, funding sources of innovative activities. The structural analysis of various instruments efficiency of innovations financing in the domestic market is carried out. Ukraine’s innovation infrastructure should be provided with adequate resources in the context of a modern international methodology to support innovative business, which will help to minimize and close this gap. The available resources and potential should be focused on supporting research, which is one of the foundations of innovation potential, and creating an effective infrastructure that will help to transform research results into a product suitable for commercialization. Programs should be introduced to support academic payouts, start-ups, or other means of commercial use of innovative investments. The exposure-response relationships of innovative development stagnation are revealed and the ways of optimization and elimination of imbalance are provided. The recommendations for improving the innovative activities of industrial enterprises are developed.

Unbalanced and insufficient development is a prominent problem in China’s period of economic transformation, and an accurate grasp of the current situation and evolutionary trend of innovation and economic development is of great significance in finding a solution and promoting regional coordinated development. This paper introduces the framework of functional data analysis to the study of both innovation and economic development in China, examining its spatial dynamic distribution and convergence characteristic in greater depth. Empirical results revealed the following. (1) Significant regional differences exist in the absolute level of China’s innovation development, with a balanced improvement in the development speed and growth potential. Significant differences exist in the absolute level and speed of economic development, but not in the potential energy of development as reflected by acceleration. (2) The σ(t) function of nationwide and regional innovation development shows a downward trend. There is σ(t) convergence in economic development nationwide and in the northeastern, eastern, and western regions, but the regional disparities in economic development within the six central provinces have not yet been effectively mitigated. (3) Nationwide and regional innovation development are in a state of β(t) convergence. There is significant β(t) convergence in the nationwide economic development, with a transition point from divergence to convergence in the northeastern, eastern, and western regions. However, the β(t) function of economic development in the central region shows a region-wide divergence. The findings of this paper have important policy implications for recognizing the balance and disparities in innovation and economic development among regions in China and promoting coordinated regional development.

Increasing the competitiveness of food industry enterprises is possible only if innovative activities are intensified. In the conditions of an unstable economy, changing market environment, and global crises and risks that arise, food producers face important tasks of improving product quality, assortment, financial independence, and enterprise competitiveness. The solution to these issues largely depends on implementing innovations and developing an innovative development strategy. The purpose of the publication is to study theoretical and methodological approaches to the formation of the essence of innovative development, to identify the features of a strategy for the innovative development of business structures, and to minimize risks to ensure the sustainable growth of food industry enterprises, using the baking industry as an example. Results. The article examines issues related to the innovative principles of the development of the baking industry and the methodology for developing a strategy for sustainable development of food industry enterprises using the example of the baking industry in the context of modern risks. The essence of the concept of “innovative development” is determined, it is substantiated that the transition to innovative development means the formation of an appropriate strategy of actions, and the essential content and methodological approaches to the strategy for innovative development of enterprises are investigated. The functioning of Ukraine’s baking industry, one of the leading branches of the food industry, is assessed. Key risks for the baking industry at the current stage are identified. The basic principles that ensure the effectiveness and sustainability of the innovative development strategy in modern economic conditions are studied, and key areas for implementing the strategy are identified. Conclusions. The baking industry plays a key role in Ukraine’s food industry, providing the population with essential products and contributing to the development of the economy. The material and technical base must be updated to ensure the baking industry’s stable development, introduce modern technologies, and adapt to changes in consumer preferences. Keywords: food industry, baking industry, risk, innovative development strategy, competitiveness of enterprises.

Addressing to the problem of transition of the spheres of the Russian Economy to the trajectory of sustainable development can be attributed to the change in the technological structure, which has long-term trends in structural changes, the world dynamics of industrial, technological and innovative development of industries, the consequences of sanctions affecting several systemically important sectors of the Russian Economy, including the processing sector. The paper formulates theoretical and methodological provisions for the formation of institutional mechanisms for the strategic planning of industrial development in Russia, analyzes the existing regulatory framework, and substantiates the key provisions of the dynamic stability of industrial production as a basis for sustainable economic development. The regions with high potential for industrial development have been identified, proposals have been developed for the creation of institutional mechanisms at the federal and regional levels that ensure the sustainable development of industrial production. The use of dynamic modeling tools and OECD techniques has made it possible to develop a forecast for the development of industries for the period 2017–2019. In the last section the conclusions are formulated, in particular, on the expediency in the improvement of economic development programs to assess the risks of their implementation, taking into account regional economic growth factors.

Under the current conditions characterized by the exhaustion of sources for extensive industrial growth, developing an innovation-driven economy is particularly important: the impact of science and technology on the transformation of the industrial complex has been growing exponentially in recent years. Aim . The presented study aims to determine ways to improve the monitoring system for innovative industrial development in the Russian Federation. Tasks . The authors identify directions for the transformation of the system of indicators of innovative industrial development and provide recommendations for improving the efficiency of monitoring the achievement of target values with regard to these indicators. Methods . This study uses a comprehensive methodological platform that includes an approach to assessing the government policy on innovation, program- and goal-oriented methods of innovative industrial development management, and quantitative methods for analyzing indicators of innovative industrial development. Results . It is found that indicators in the system of target indicators of innovative industrial development in different government programs are duplicated and discrepant. In a number of key areas, there are no indicators whatsoever. The authors identify shortcomings in the methodology for evaluating the efficiency of government programs and propose their own approach to the formation of a system for monitoring target indicators of industrial development. Conclusions . The study makes it possible to formulate a number of proposals for improving the monitoring system for innovative industrial development, the essence of which is not only to improve the methodological tools, but also to provide institutional support for the monitoring process.

Розглянуто основні засади інноваційного розвитку національної економіки України. Здійснено оцінку діяльності вітчизняних підприємств, які впроваджують інноваційні продукти у свою діяльність. Запропоновано шляхи покращення інноваційного розвитку національної економіки України, враховуючи причини незадовільної ситуації у сфері виробництва і реалізації інноваційної продукції.

The article examines the features of the formation of strategic guidelines for the innovative development of industrial enterprises, taking into account the economic and security crisis in Ukraine. It is noted that the implementation of such guidelines is carried out within the framework of the formation of innovative development strategies, which prompted the study of the stages of strategy development and approaches to their formation. The types of innovative strategies that are currently most widely used among enterprises are analyzed. It is substantiated that the choice of strategic guidelines depends on the resource capacity of the enterprise and the factors of influence of the external environment on its functioning. It is argued that, depending on the resource capabilities of the enterprise and its competitive positions, the formation of strategies should take into account the strengths and opportunities to activate innovative development. It is analyzed that in conditions of economic instability and a difficult security situation, industrial enterprises of Ukraine face a number of problems related to the lack of project financing, lack of intellectual and human resources, and the complication of logistical flows, which affects the ability of enterprises to carry out their production activities. The main approaches to managing the development of a strategy for the innovative development of industrial enterprises are studied, with their advantages and disadvantages being highlighted, since it was substantiated that the implementation of strategic guidelines is carried out in the form of enterprise strategies. It is proved that the activation of the innovative development of industrial enterprises in the conditions of digital transformation is not possible without comprehensive state support, since it is the state that forms a favorable climate for attracting investors, developing international cooperation, and expanding the export potential of the industry. It is substantiated that an important direction in the industry aspect is the formation of appropriate effective interaction at all levels (state, regions, local authorities, scientific and educational institutions with enterprises) to establish partnership relations that will contribute to the activation of innovative development of enterprises and the industry.

The subject of the article is theoretical substantiation, methodological support, and practical proposals for studying the innovative development of the economy in modern conditions. The aim of the study is to generalize and improve the theoretical foundations of innovative development, identify the main influencing factors and defining characteristics of its course and develop proposals to ensure innovative development of Ukraine's economy in the current conditions. The following tasks have been defined: to find out the attitude of specialists to the possibility and necessity of supporting innovative development in today's difficult military conditions; to summarize the theoretical basis of innovative development and improve its definition and group existing concepts; to substantiate the most influential factors that determine the intensification and/or containment of innovative development of the Ukrainian economy; to identify its defining characteristics, which are used to generate measures to ensure innovative development of the economy in wartime conditions. To solve the tasks, the following methods were used: theoretical generalization, analysis, synthesis, induction, deduction, structural and logical analysis, systemic and situational approaches, economic and statistical analysis, correlation analysis, multivariate regression analysis, graphical method. The following results have been obtained: the definition of the concept of "innovative development" has been improved; the concepts of innovative development have been analyzed; the main factors influencing the course of innovative development in Ukraine have been identified; multivariate regression models have been built according to the influential factors of innovative development and the most important of them have been substantiated; the current defining features of innovative development of the Ukrainian economy have been identified by significant factors and their specification has been carried out in accordance with the measures to ensure it in the conditions of military operations. Conclusions. It is proved that the improved concept of "innovative development" is that it characterizes the resolution of obvious and hidden contradictions on the basis of qualitative changes in the economic system through the accumulation of quantitative transformations in its components and/or factors of innovation processes, intellectual property, the latest technologies and products. In accordance with the above generalized concepts of innovation development, the author investigates the factors influencing this phenomenon based on the dynamics of the components of the global innovation index and statistical indicators of Ukraine's economy for the period 2015–2022. The most influential factors according to the outlined indicators are identified and multivariate regression models are built, which reveal the following modern leading features of innovation development: formation and maintenance of solvent demand of end users (customers) of innovations for the acquisition of intellectual property. With this in mind, the author proposes measures to ensure and intensify innovative development in the context of military operations in Ukraine.

The two-volume book studies the economic and industrial development of Japan and China in modern times and draws distinctions between the different paths of industrialization and economic modernization taken in the two countries, based on statistical materials, quantitative analysis and multivariate statistical analysis.The first volume analyses the relationship between technological innovation and economic development in Japan before World War II and sheds light on technological innovation in the Japanese context with particular emphasis on the importance of the patent system. The second volume studies the basic conditions and overall economic development of industrial development, chiefly during the period of the Republic of China (1912-1949), taking a comparative perspective and bringing the case of modern Japan into the discussion. The book will appeal to academics and general readers interested in economic development and the modern economic history of East Asia, development economics, as well as industrial and technological history.

Although innovation is a major theme in current local economic development and planning, there is a considerable uncertainty of what the concept specifically means, measured, and how outcomes are identified. To date, no study has investigated this glaring gap in scholarship. To address this gap, we interviewed economic development practitioners across cities in Ontario to identify and clarify how they define, apply, and measure innovation within their cities’ economic development strategies. Practitioners indicate that innovation plays a key role in their cities’ economic development strategy, demonstrating the importance of the concept within local governments. Additionally, it is clear that local governments are key facilitators of innovation. While many cities claim to have some form of innovation in their economic development strategies, a wide range of framings and approaches to innovation exist. Cities may not be taking the most efficient approach to fostering local innovation, which is critical with the rise of knowledge-based economic development.

The aim of the article. The goal is to develop an approach to management (based on the principles of marketing) of the formation and implementation of strategies for ecologically oriented outstripping innovative development of business entities, which would ensure the transition to sustainable economic growth in the direction of the fourth industrial revolution and the transformation of technological systems, as well as the elimination or reduction of environmental threats to the national (including regional and local), as well as international levels caused by hostilities. Analyses results. The main ecological threats caused by military actions on the territory of Ukraine are defined and systematized according to the directions of influence (domestic or international). An approach to determining the priority of their elimination or reduction is proposed. A sequence was formed and the content of the strategic marketing analysis procedures was outlined to determine innovative approaches to the elimination of environmental threats, and in their direction, corresponding innovative developments, in particular: 1) definition of the circle of those interested in the elimination/reduction of environmental threats, their problems caused by these threats, as well as requests for solving problems; 2) identification of the problems of product manufacturers (service providers) who can offer ecologically oriented innovative developments; 3) forecasting trends in the development of STP in the field of product manufacturers (service providers); 4) determination, on the basis of a joint analysis of the results of previous procedures (1-3), of innovative activity areas, and in their direction of specific innovative products (their main technical and economic characteristics), which are intended for the elimination of environmental threats; 5) development of the principles of innovative development strategy based on ecologically oriented innovations. Methodical principles for choosing a strategic approach to ecologically-oriented innovative development of a business entity have been developed, which include taking into account: the adequacy of the level of potentials-subsystems of the potential of innovative development of the business innovative entity for the implementation of greening strategies of innovative development in the post-war period; consumption costs of the ecological innovation and the usual analogue (if available); circles of organizations and/or population groups (society) interested in eliminating/reducing environmental threats and solving the problems caused by them; opportunities for obtaining ecological competitive advantages by interested organizations and consumers of ecological innovation; possibilities of state (regional) or international support for socially significant environmental innovations. A corresponding decision table has been developed. A system of measures for marketing support of the process of creation and implementation of ecological innovations at the stages of their innovation and life cycle has been formed, which allows to reasonably manage both the specific innovation process and plan measures to withdraw the existing innovation from the market and introduce the next one. Conclusions and directions for further research. The obtained results collectively form the basis of the approach to management of the creation and implementation of strategies of ecologically-oriented innovative development in the post-war period. These strategies provide the conditions for the transition to sustainable economic growth in the direction of the fourth industrial revolution and the transformation of technological systems. At the same time, they are focused on the elimination or reduction of environmental threats at the local, regional, national, and international levels caused by military actions. Further research should be aimed at forming the foundations of the organizational and economic management mechanism on the basis of marketing strategies of ecologically-oriented innovative development in the post-war period, which would ensure the transition to sustainable economic growth in line with the concept of innovative advancement in the conditions of technological transformations.

The article is dedicated to consideration of theoretical and applied aspects of the main balance factors of construction business successful innovation and investment development. The analysis of scholars’ works enabled presenting the components of a construction enterprise innovation and investment development, in particular process, resource and potential. Considering the relationship between innovation potential and development, the author's definition is suggested, where construction business innovative development is an activity based on constant search and use of new methods, technologies and areas of enterprise potential realization in changing external and internal market of construction products and the adopted competitive strategy of activity and business development. Analysis of the problems associated with conservatism and slowness in introduction and dissemination of new technologies in the construction industry is performed. Despite the fact that energy-efficient technologies are being actively introduced in the industry, “smart homes” are being built etc., analytical report of the Global Innovation Index states that the share of R&D expenditures in construction is only 2.9%. One of the reasons for such a low rate is that a significant part of new technological developments implemented in construction, originate from other industries, namely metallurgy, forestry and woodworking, chemical industries and others. It is established that innovation inertia of Ukrainian construction companies is determined by buildings and structures prolonged operation, during which the faults of the used technology may be revealed as well as builders’ high responsibility for the result, since construction products must be safe for people’s lives. In order to implement the strategy of construction company innovative development, it is suggested to create the success factors of innovation and investment development, which are balanced and to some extent interdependent. Adequate assessment these factors impact will enable choosing the right direction of construction business innovation and investment development and construction industry in general under pandemic and growing economic selfishness.

The main purpose of the article is the theoretical and methodological substantiation of the modern approach to the formation of a model of state regulation of investment support for innovative industrial development in the context of helping to increase the level of financial security. The object of the study is the innovative development of the industrial sector of the Ukrainian economy. At the same time, the scientific task will be to present a methodological approach to assessing the current state of trends in investment support for innovative industrial development in all regions of Ukraine as a tool for state regulation. The research methodology involves the use of modern methods of analysis and synthesis of available information on the research topic. A nonparametric statistical method was used to analyze the trends and dynamics of industrial development in Ukraine. The integral assessment method was used to form a methodological approach to assessing the level of investment support for innovative development as an effective instrument of state regulation. As a result of the study, a model of state regulation of investment support for innovative industrial development is presented. An assessment was made of the level of investment support for innovative industrial development concerning the proposed model. Based on the results obtained, measures to ensure financial security in the conditions of Industry 4.0 are proposed. The key financial obstacles to investment support for innovative industrial development are presented, ordered by the priority of the state's response to them. The study has limitations in that it does not take into account all aspects of state regulation. In this case, only the specifics of the industrial sector of the economy were taken into account.