Methodological Approaches to Assessment of the Innovation Efficiency Level at Engineering Enterprises

The analysis of innovation in all fields of activities as well as in financial and economic areas at engineering enterprises was conducted. The innovation efficiency levels of engineering enterprises were estimated. The analysis of’ availability ofinnovations was made, and the rate of their use at engineering enterprises was assessed. The methodological approach to assessment of the general level of innovation development and selection of the strategy forthe economic mechanism of innovationactivity at engineering enterprises was suggested. The methodological approach to assessment of the general level of engineering enterprises’ innovation development was testedfor the purpose of applying active production, technological, marketing, innovation and investment strategy in their activities. Keywords—strategy, innovation development, indices, efficiency, unprofitability, assessment, economic mechanism I. PROBLEM STATEMENT It is expedient for engineering enterprises to shape and implement a strategy of the innovationeconomic mechanism development (IEMD), which will allow determining the main areas of innovation development as well asa list of tasks and the ways of their implementation, activating the process of innovation, contributing to overcoming the state of unprofitability by enterprises, improving their performance. The use of the system of strategy formation for IEMD is a premise for implementation of the selected strategy. The given system enables shaping the main types of economic mechanism (EM) strategies, forecasting the expected effects from application of a certain strategy type, selecting a more effective strategy in the future, which will meet the capabilities of the enterprise. Despite the fact that selection of the strategy for IEMD for each enterprise is individual, since it will contribute to achievement of the expected effects in the future, it is efficient to analyse the efficiency of each strategy type and select the strategy, which takes into account all the features of business entity functioning within a specified period of time. Therefore, there is a need to develop and implement a methodological approach, whichallows analysing the main aspects of the enterprise’s innovation development, selecting the optimum strategy in accordance with thedevelopment level identified and taking measures to establish activities. II. ANALYSIS OF RECENT RESEARCH AND PUBLICATIONS Currently, the issues of development, formation and implementation of innovation strategies, their efficiency assessment have been studied by a whole number of scholars, namely: Andrushkiv B. M. [1; 2; 3], Baltiukevych V. V. [4], Bartashevska Yu. M. [5], Berezniak N. V. [14], Vasylieva S. I. [23], Holda N. M. [18], Kvasha T. K. [14], Kyrych N. B. [2], Kramar I. Yu. [1], Lykun N. V. [22], Maliuta L. Ya. [3], Melnyk L. M. [2; 3], Nikolaienko A. I. [6], Onyshko S. V. [7], Orlova V. M. [8], Osovska H. V. [9], Pohaidak O. B. [1; 2], Osmirko I. V. [10], Pavlenko I. A. [11; 12], Pietukhova O. M. [13], Pysarenko T. V. [14], Plaksiienko V. Ya. [15], Polinkevych O. M. [16], Polinskyi O. M. [17], Polishchuk N. V. [18; 19], Polozova T. V. [20], Poliakova Yu. V. [21], Prudka O. V. [14], Rymar M. V. [22], Silakova H. V. [13], Spivak S. M. [2], Cherep A. V. [23], Cherep O. H. [24], Chernetska O. V. [15], Sherstiuk R. P. [2], Feshchenko A. O. [9]. However, there are the issues, which have not been covered, namely: the process of shaping the strategy of IEMDat engineering enterprises, especially implementation of the selected strategies, the mechanism of selecting a strategy in accordance with the achieved level of innovation development, the existing capabilities of the enterprise, assessment of the selected strategy efficiency and feasibility of its implementation, a set of key indices covering all aspects of innovation development, the issues of consideration of enterprises’ functioning specific features when choosing a strategy. 7th International Conference on Modeling, Development and Strategic Management of Economic System (MDSMES 2019) Copyright © 2019, the Authors. Published by Atlantis Press. This is an open access article under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/). Advances in Economics, Business and Management Research, volume 99