One of the main tasks of any enterprise is to increase production efficiency, and the main factor is the development and implementation of innovative processes. The innovation process is the main condition for the successful operation of the company, the release of competitive products.
Development of innovations and their implementation activities with a high degree of risk, which depends directly on the type of innovation. Partial modernization of equipment and production technology, product renewal, reduction of costs as a result of production are associated with low risk and are mandatory conditions for the continuous improvement of production efficiency.
Significant changes in the technical base of production and management organization, through the introduction of fundamentally new achievements of science and technology, can entail high-level risks. Organizational and economic decisions can also be very risky for the enterprise.
For the successful implementation of the company’s innovation policy, it is necessary to create and implement innovative projects and programs in conjunction with the organization of an effective mechanism for managing them.
It is worth noting the need for institutional change. It is this measure that can arouse interest in innovation. As there is an expansion of the network of technology parks, business incubators, innovation and technical centers, which contributes to the successful implementation of all stages of innovation, from the creation of scientific and technical developments and ending with their development.
Since innovation is always associated with risks, it is necessary not only to strive to modernize production or engage in the development of a new type of product but also to conduct a profound analysis. It is necessary to review the situation in the innovation market before selecting innovative ideas. In the preliminary technical and economic assessment it is necessary to clearly analyze the reality of the implementation of new items and its feasibility, and with adverse results to abandon the implementation of this innovative project…
To assess the position of competitors, to determine ways and methods of promoting new products to the market, as well as to study the needs and opportunities of potential consumers. Conduct a risk assessment and make a business plan. To produce a prototype, to conduct testing, to identify shortcomings and wishes of consumers, to take into account production capabilities, to conduct financial detailed business analysis, at the end of which, to decide on the commercialization of innovation. Launch a full-scale production and release the product to the market.
All this requires a lot of time, any mistake can lead to huge costs. Of course, successful implementation of innovations would open up new prospects for enterprises, but something should push them to start implementing innovation, and my opinion is that it is all possible only through state support.
