Organizational and Economic Financing Mechanism for the Innovative potential of Enterprise Staff
Adamenko M. V., Kashubina Y. B.

Adamenko, Maryna V., and Kashubina, Yuliia B. (2020) “Organizational and Economic Financing Mechanism for the Innovative potential of Enterprise Staff.” The Problems of Economy 4:119–125.
https://doi.org/10.32983/2222-0712-2020-4-119-125

Section: Economics and Enterprise Management

UDC 005.342:005.95

Abstract:
The article gives ground for the need to form organizational and economic mechanism for effectively managing the process of financing the innovative potential of an enterprise. The existing research papers in this area do not pay the necessary attention to the issue. Some fragmentary studies, though do exist, still do not give a holistic and systematic view of the processes, goals, objectives, indicators and criteria, functions, tools for financing the innovative potential of enterprise staff. The genesis of scientific thought about the essence of the "organizational and economic mechanism" concept was considered through systematizing and generalizing various scientific works on the issue. The research has resulted in defining the essence of the organizational and economic mechanism for financing the innovative potential of an enterprise staff; pointing out its basic essential characteristics; describing the system of its constructive principles. The authors have designed an organizational and economic mechanism for financing the innovative potential of an enterprise staff through combining targeted, process, functional and support approaches. At the same time, the authors have taken into account the fact that the abovementioned mechanism is considered as an open system, which has entrance (external factors and financial capabilities of employees and enterprises); exit (financial results); and the internal structure of the organizational and economic mechanism, which is schematically presented in the article. Besides, the system has a cyclical pattern and provides feedback. It has been proven that it is necessary to evaluate the economic efficiency of the organizational and economic mechanism for financing the innovative potential of the staff at each stage of its formation and operation. The practical application of the suggested organizational and economic mechanism allows the enterprise management to improve the financing of the innovative potential of the staff in accordance with the goals and efficiency criteria set at the enterprise.

Keywords: efficiency, financing, innovative potential of staff, organizational and economic mechanism.

Fig.: 1. Bibl.: 23.

Adamenko Maryna V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Finance of Business Entities and Innovative Development, Kryvyi Rіh National University (11 Vitaliia Matusevycha Str., Kryvyi Rіh, Dnіpropetrovsk region, 50027, Ukraine)
Email: adamenko@knu.edu.ua
Kashubina Yuliia B. – Candidate of Sciences (Economics), Associate Professor, Pro-rector, for Scientific-pedagogical and Educational Work, Kryvyi Rіh National University (11 Vitaliia Matusevycha Str., Kryvyi Rіh, Dnіpropetrovsk region, 50027, Ukraine)
Email: kashubina@knu.edu.ua

List of references in article

Chemodurov, A. M. “Problemy finansuvannia innovatsiinoi diialnosti pidpryiemstv“ [Problems of Financing Innovative Activity of Enterprises]. Ekonomika Ukrainy, no. 1 (2013): 40-49.
Mazniev, H. Ye. “Finansuvannia innovatsiino-investytsiinoi diialnosti pidpryiemstv“ [Financing of Innovation and Investment Activities of Enterprises]. Ekonomika transportnoho kompleksu, no. 22 (2013): 72-81.
Cherniavska, M. K. “Analiz osnovnykh dzherel finansuvannia innovatsiinoi diialnosti pidpryiemstv“ [Analysis of the Main Sources of Financing of Innovative Activity of Enterprises]. Naukovyi visnyk [Bukovynskoho derzhavnoho finansovo-ekonomichnoho universytetu]. Ekonomichni nauky, no. 26 (2014): 395-404.
Polozova, T. V. Sheiko I. A. “Aktualni problemy finansuvannia investytsiinoi ta innovatsiinoi diialnosti promyslovykh pidpryiemstv“ [Current Problems of Financing Investment and Innovation Activities of Industrial Enterprises]. Stalyi rozvytok ekonomiky, no. 2 (2015): 108-117.
Karnaushenko, A. S. “Shliakhy pokrashchennia rozvytku finansuvannia innovatsiinoi diialnosti silskohospodarskykh pidpryiemstv“ [Ways to Improve the Development of Financing the Innovative Activities of Agricultural Enterprises]. Investytsii: praktyka ta dosvid, no. 17 (2014): 57-62.
Ksyonzhyk, I. V. “Formuvannia dzherel finansuvannia innovatsiinoi diialnosti pidpryiemstv miasopererobnoi haluzi Ukrainy“ [Formation of Sources of Financing of Innovative Activity of the Enterprises of Meat Processing Branch of Ukraine]. Ekonomika. Finansy. Pravo, no. 5(3) (2016): 45-48.
Savitska, O. P., and Novostavska, O. I. “Obgruntuvannia vyboru dzherela finansuvannia innovatsiinoi diialnosti pidpryiemstv“ [Justification of the Choice of the Source of Financing of Innovative Activity of Enterprises]. Visnyk Odeskoho natsionalnoho universytetu. Seriia : Ekonomika, vol. 24, no. 4 (2019): 156-164.
Vashchenko, N. V. “Etapizatsiia protsesu formuvannia innovatsiinoho potentsialu personalu torhovelnoho pidpryiemstva“ [Staging of the Process of Formation of Innovative Potential of the Personnel of the Trade Enterprise]. Ekonomika rozvytku, no. 3 (2014): 75-79.
Vashchenko, N. V. “Osnovy vidboru dominant formuvannia innovatsiinoho potentsialu personalu torhovelnoho pidpryiemstva“ [Basics of Selection of Dominants of Formation of Innovative Potential of the Personnel of the Trading Enterprise]. Ekonomika. Menedzhment. Biznes, no. 3 (2015): 49-54.
Rud, N. T. “Innovatsiinyi potentsial personalu pidpryiemstva: sutnist, upravlinnia ta metody otsinky“ [Innovative Potential of Enterprise Personnel: Essence, Management and Evaluation Methods]. Ekonomichnyi forum, no. 2 (2019): 180-190.
Kharun, O. A. “Teoretychni aspekty formuvannia innovatsiinoho potentsialu personalu promyslovykh pidpryiemstv“ [Theoretical Aspects of Formation of Innovative Potential of Personnel of Industrial Enterprises]. Visnyk Mariupolskoho derzhavnoho universytetu. Seriia : Ekonomika, no. 14 (2017): 7-14.
Kabanov, A. I., and Adamenko, M. V. “Pryntsypy ta funktsii upravlinnia innovatsiinym potentsialom personalu pidpryiemstva“ [Principles and Functions of Management of Innovative Potential of the Enterprise Personnel]. Ahrosvit, no. 5 (2017): 15-20.
Krupskyi, O. P. “Skladovi innovatsiinoho potentsialu personalu turystychnoho pidpryiemstva“ [Components of the Innovative Potential of the Staff of the Tourist Enterprise]. Naukovyi visnyk BDFEU. Ekonomichni nauky, vol. 4, no. 28 (2015): 79-82.
Tverdushka, T. B. “Udoskonalennia orhanizatsiinoho mekhanizmu stymuliuvannia personalu do stvorennia innovatsii na pidpryiemstvi“ [Improving the Organizational Mechanism of Stimulating Staff to Create Innovations in the Enterprise]. Tekhnolohichnyi audyt ta rezervy vyrobnytstva, no. 3(5) (2015): 50-55.
“Slovnyk ukrainskoi movy“ [Dictionary of the Ukrainian Language], vol. 4. 1973. http://sum.in.ua/s/mekhanizm
Litvinov, O. S., and Kaptalan, S. M. “Sutnist ta vydy mekhanizmiv v ekonomitsi“ [The Essence and Types of Mechanisms in the Economy]. Skhidna Yevropa: ekonomika, biznes ta upravlinnia, no. 6(11) (2017): 146-149.
Ekonomichna entsyklopediia [Economic Encyclopedia], vol. 2. Kyiv: Akademiia, 2001.
Kulman, A. M. Ekonomicheskiye mekhanizmy [Economic Mechanisms]. Moscow: Progress, 1993.
Pohrishchuk, B. V. Orhanizatsiino-ekonomichni zasady efektyvnoho funktsionuvannia zernoproduktovoho pidkompleksu [Organizational and Economic Principles of Effective Functioning of the Grain Subcomplex]. Ternopil: Dzhura, 2009.
Masliuhova, L. V., Olshanskyi, H. V., and Rallie, N. V. “Orhanizatsiino-ekonomichni mekhanizmy finansuvannia vydiv ekonomichnoi diialnosti“ [Organizational and Economic Mechanisms of Financing Economic Activities]. Reformuvannia ekonomiky Ukrainy: efektyvne vyrobnytstvo, konkurentni rehiony, makroekonomichna rivnovaha. http://ir.nmu.org.ua/handle/123456789/148129
Polozova, T. V., and Ovsiuchenko, Yu. V. “Sutnist orhanizatsiino-ekonomichnoho mekhanizmu funktsionuvannia pidpryiemstv promyslovosti“ [The Essence of the Organizational and Economic Mechanism of Functioning of Industrial Enterprises]. Visnyk MSU. Ekonomichni nauky, vol. VIII, no. 1-2 (2005): 63-65.
Dovhan, L. Ye., and Dudukalo, H. O. “Formuvannia orhanizatsiino-ekonomichnoho mekhanizmu efektyvnoho upravlinnia pidpryiemstvom“ [Formation of Organizational and Economic Mechanism of Effective Enterprise Management]. Ekonomichnyi visnyk NTUU «KPI». 2012. https://economy.kpi.ua/uk/node/376
Lebid, V. S. “Orhanizatsiino-ekonomichnyi mekhanizm finansovoho zabezpechennia ahrarnoho vyrobnytstva“ [Organizational and Economic Mechanism of Financial Support of Agricultural Production]: dys. … kand. ekon. nauk, 2017.