INSTITUTIONAL SUPPORT OF INNOVATION AND INVESTMENT DEVELOPMENT OF AN ENTERPRISE AS A SYSTEM OF ECONOMIC SECURITY

Abstract

As part of the study and systematization of the elements of innovative and investment development of an enterprise as a system of economic security, it was found that it is necessary to develop its own mechanism for managing innovations, ensuring financial stability, and preventing risks arising in the process of investment activity.

The modern market requires companies not only to be stable, but also to be able to quickly adapt and implement innovative solutions that can ensure success in competitive struggle. In this regard, the innovative and investment development of a company requires a comprehensive approach that includes not only investment in new technologies, but also risk management, market opportunity assessment, and long-term strategic planning.

Each enterprise should apply an individual approach to the development of tools and methods for ensuring its innovation and investment development as an element of the economic security system, depending on its specifics, size, and strategic goals. This determines the need to create an appropriate organizational and functional structure that will optimally support the implementation of tasks to ensure economic security at all stages of the enterprise's production and economic activities, from planning to the implementation of investment projects. An important component of the organizational and functional structure is also ensuring an adequate level of communication and coordination between different departments of the enterprise, which allows it to respond effectively to changes in the external environment and minimize its own risks.

Ensuring sustainable innovation and investment development of an enterprise is impossible without continuous improvement of management decision-making processes. Another important aspect is improving the effectiveness of decision-making at all levels of management, from strategic to operational. By focusing on the development of management competencies and the use of effective decision-making tools, the enterprise will be able to adapt more quickly to changes in the market situation and ensure its competitiveness.

In addition, effective implementation of innovative and investment development of the enterprise as an element of the economic security system requires the integration of modern management and analysis technologies, the introduction of new approaches to risk management, and continuous improvement of decision-making processes. Together, all these factors will enable the enterprise to successfully adapt to a dynamic market environment and ensure its own stability and innovation and investment development in the context of globalization and technological change. In such circumstances, every enterprise must become not only a market participant, but also an active participant capable of creating new opportunities and responding effectively to contemporary challenges.