Mechanism of strategic innovative development of entrepreneurship
Authors: Kuzminov Mykola V. 
Published: October 2022

The article outlines the socio-economic development of Ukraine in the current crisis conditions, which have negatively affected the activities of domestic enterprises. The issue of formation of the mechanism of strategic innovative development of entrepreneurship is investigated. Ґ
The integration and internationalization processes of economic and political life, which are aimed at solving scientific and technical problems and are necessary in the process of strategic innovative development of enterprises, are analyzed. It is studied that the improvement of international communications, economic and political changes in countries, global implementation and dissemination of innovations leads to the need to form new mechanisms for business development. International competition necessitates the constant development of entrepreneurship in order to gain competitive advantage. Innovative development at the regional level covers the latest strategies, mechanisms, priorities, structures and directions that would ensure the creation of an innovative type of reproduction of national production.
It is noted that the goal of strategic innovative development of entrepreneurship is to concentrate resources in areas that help accelerate scientific and technological progress in the process. Innovative development demonstrates not only the level of application of innovations in entrepreneurship, but also collaboration with other areas of the economy in the national economy.
The modern mechanism of innovative development of entrepreneurship and the solid basis for its functioning - the legislative field of regulation of entrepreneurship in Ukraine are studied. The legal framework is characterized by significant contradictions between regulations and laws. This often complicates and hinders the effective conduct of business and their innovative development. Legislation does not regulate the support of innovative activity of domestic entrepreneurship both at the state level and in the conditions of a separate region.
It is noted that the functioning of the mechanism of strategic innovative development of entrepreneurship today should be considered as a promising factor in Ukraine's exit from the economic crisis and improving socio-economic stability in society.
It is established that in order to increase the efficiency of the mechanism of innovation activity of domestic enterprises it is necessary to constantly analyze their activity with the help of indicators that characterize the integrated indicator of the realized part of the innovation potential.
It is determined that when calculating the implemented part of the mechanism of innovation potential, it is advisable to use one of the most convenient ways to build an integrated indicator, which is a generalized function of the desirability of E. Harrington.
It was found that the main factor in the strategic innovative development of entrepreneurship in Ukraine is the creation of a mechanism to support it. It, in turn, will ensure the application in practice of innovative achievements in the field that can be useful for businesses; will stimulate the use of innovative equipment and technologies; will create objects of intellectual property; will motivate the investment of own funds in the latest technologies.