Management of Investment and Innovation-Driven Development of Business Entities: Determinants of Workforce Activating

Abstract

Investment and innovation-driven development of business entities represents one of the most important factors for improving the economic competitive ability. Managing this process assumes active involvement of a company's personnel. The present work proves the main role within the workforce activating in the investment and innovation-driven development of business entities to be assigned to the personnel management system. The factors contributing to the workforce activating in the investment and innovation-driven development should be as follows: the formation of an effective team at the enterprise, a working incentive system for the personnel, and the formation and maintenance of an appropriate internal culture. The determinants of workforce activating to involve them in the investment and innovation-driven development of a business entity are accompanied by a presentation of possible practices for each of the selected management activity types.