The System of Innovation Management and its Role in the Economic Development of the Energy Service Company

Abstract

The phenomenon of innovation and innovative activity reflects the dynamics of society, covers all areas of life, carries a landmark for the future. The essence of this phenomenon requires thorough research from the standpoint of philosophical, scientific, technical, economic and socio-cultural aspects. Based on the growing strong regulatory framework, there is a leading role of innovation for the state as a whole and for individual enterprises and the obvious need to increase innovation, build innovation capacity and implement systematic targeted planning, development, implementation and use of innovations.

The study suggests that the solution to the problems of formation is developed effective management system of innovation activities of enterprises, which meets the objectives of their innovation strategy, depends on the use of advanced methods and approaches, adequate elements of models of innovation processes of modern generations, and meets the conditions of informatization and digitalization of the economy.