Substantiating the Essence and Components of the Value of Interaction in Innovation Processes

• Main Author: Lisovska Lidiya S.
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2020-10-01
• Series: Bìznes Inform
• Subjects: value of interaction; usefulness of interaction; cost of interaction; participants of interaction; innovation process
• Online Access: https://www.business-inform.net/export_pdf/business-inform-2020-10_0-pages-73_80.pdf
• ISSN: 2222-4459; 2311-116X

The article is aimed at researching the processes of establishing and developing interaction in innovative processes. The reasons for the low efficiency of innovation activity in Ukraine are analyzed and the importance of increasing the indicators of interaction in innovative processes to overcome the causes of low innovativeness of the economy is substantiated. The main elements of conceptual bases of formation of interaction systems in innovative processes are defined: formation goals, expected results, conditions for establishing interaction. Particular attention is paid to determining the range of potential participants of interaction systems and their systematization into four groups: the State, science, business, consumer. For each group, the prompting factors of establishing interaction in innovative processes and possible contribution in the course of formation of systems of interaction in innovative processes are determined. It is specified that the interests of groups of participants of interaction systems can be multidirectional and have their own criteria for the effectiveness of satisfaction. Therefore, in order to avoid conflicts and with purpose of rational mutual understanding of interests, it is proposed to evaluate the feasibility of participation in innovative processes through the indicator of the value of interaction. On the basis of the carried out study, the concept of the value of interaction in innovative processes is substantiated and the fundamental components of this concept are determined, namely: the usefulness and the cost of interaction. According to the author, the value of interaction for the participant is formed through the comparison of the received usefulness from participation in the systems of interaction to the expected costs associated with this participation. In connection with the acceleration of the dynamics of world economic processes and, in particular, innovative ones, the importance of taking into account the factor of time when assessing value is emphasized. Firstly, the interaction in the innovation process is developing, taking new forms both for partners and for different market participants. Secondly, the impact of time on the usefulness and cost of interaction can take different meanings: increase, decrease or not affect the level of value (usefulness, cost) of interaction.