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Financial Analytics: Science and Experience
 

Development of the innovative potential of meat processing enterprises

Vol. 10, Iss. 3, MARCH 2017

PDF  Article PDF Version

Received: 24 November 2016

Received in revised form: 27 January 2017

Accepted: 31 January 2017

Available online: 15 March 2017

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: O31, O32

Pages: 282-298

https://doi.org/10.24891/fa.10.3.282

Barsukova Yu.V. Lugansk National Agrarian University, Lugansk, Ukraine
y_barsukova@bk.ru

Importance As one of opportunities to overcome crisis, meat processing enterprises should develop their innovative potential. Hence they tend to point out and implement scenarios for growing innovative potential of enterprises, developing an algorithm to choose the most appropriate activities.
Objectives The research determines procedures to increase the innovative potential of meat processing enterprises, design an algorithm to choose and assess cost effectiveness of the proposed activities.
Methods The research relies upon methods of the game theory, and comparative analysis.
Results I propose activities to enhance the innovative potential of meat processing enterprises by key component of the innovative potential. I devised an algorithm to choose necessary procedures. Following the proposed technique, I estimated an economic effect of the activities and selected the most reasonable one.
Conclusions and Relevance It is indispensable to imagine the system for managing the innovative potential formation, if meat processing enterprises do not optimize their management of such novelties and innovation, since it allows them to find the future path of innovative development, ensure opportunity of effective operations, mitigates possible risks associated with innovative activities. The framework of the game theory helps to find the most reasonable and appropriate innovative strategy for meat processing enterprises under uncertainty.

Keywords: innovative potential, meat processing enterprise, activity, algorithm, game theory

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