Forecasting Innovative Development of a Company in the Process of Transformation

• Main Authors: Shvaika Olga, Kupriyanova Marina
• Format: Article
• Language: English
• Published: EDP Sciences 2020-01-01
• Series: SHS Web of Conferences
• Online Access: https://www.shs-conferences.org/articles/shsconf/pdf/2020/17/shsconf_cc2020_06001.pdf

Innovation is traditionally considered to be an effective instrument of development for industrial enterprises, even at the time of crisis. However, as practical observations show, non-systematic and inconsistence innovative changes may lead to poor results. The sustainable innovative growth is gained as a result of in-depth transformation of all the system elements. The purpose of the research is to formulate an approach to evaluating the expected effect of transformation and restructuring an industrial company and to forecast the perspectives of innovative development. The methodological basis for the research refers to the ideas of the fuzzy set theory and the axiomatic methods of analysis. The axiomatic method makes it possible to construct formalized descriptions of a company and to achieve a sufficient level of detachment. Such descriptions, or texts, may be interpreted by managers as concise information for decision-making. The results of the research find a practical application as tools of evaluating the expected effect of innovation and transformation.