System of Indicators for Assessing the Level of Innovative Activity of Small and Medium-sized Businesses in Ukraine
Year: 2024
Type: article
Abstract: The article clarifies the reasons for the need to calculate indicators of innovative activity of small and medium-sized businesses, which were formed for three groups: directly for small and medium-sized businesses, for the state and society, and for scientific research. The concept of the definition "indicator system of innovative activity" is formulated, which should be understood as "a set of quantitative and qualitative characteristics that allow to assess the level, pace and efficiency of innovation processes at the enterprise, in the industry or in the country." Indicators of innovation activity of small and medium-sized businesses are grouped according to the following characteristics: 1) indicators of innovation potential; 2) indicators of innovative activity; 3) innovation performance indicators. Indicators of innovation potential include: the number of research works, the number of patents, the number of scientific publications, the level of personnel qualification, and the availability of innovative infrastructure. Indicators of innovative activity include: research and development (R&D) costs, the number of introduced innovations, the share of new products in the total volume of production, the terms of bringing new products to the market, the efficiency of the use of intellectual property. Indicators of innovation effectiveness include: sales growth, profit increase, production cost reduction, product quality improvement, market share growth, and competitiveness enhancement. A methodology for calculating the integral indicator of the level of innovative activity of small and medium-sized enterprises is proposed, which allows to draw a conclusion about the low, marginal, satisfactory, sufficient or high level of innovative activity of the enterprise under study.
Authors: Igor Babych, Ihor Makarov
Institution: Cherkasy State Technological University
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4407929596