The article contains a study of the dependence of the enterprise on the competitiveness of its innovative activity.
Experts highlight factors refraining the innovative development of production: the absence of financing (85.7%); high expenses
(40.3%); considerable credit rates (38.7%); a significant economic risk (24.1%); problems concerning raw materials (29.2%); the
imperfect legislative framework (31.5%). In Vinnytsia region there has been a tendency of the decrease of a general amount of innovative
expenses of light industry companies during the last years. As a result of the innovative activity next structural forms may
be highlighted: the reduction of transactional and operational costs; the re-projection and the expansion of the nomenclature of
company products; the optimization of an organizational and managerial structure of a company; the creation of a quality system;
the certification according to appropriate standards.
The formation of innovation development mechanism of light industry companies contemplates the complex implementation of
the topical achievements of science and techniques (innovations) in a production and managerial activity and should be based on
such conceptual principles: — resource provision: the existence of an appropriate amount of material, labor, technical, applied, and
infrastructural opportunities of companies for implementation of innovations and realization of system changes; — efficiency: the
dynamic reduction of non-production costs, the increase of incomes of realization of products manufactured on the basis of new
technologies; the expansion and strengthening rival positions of a company in a market; — balance: the existence of balanced system
of the quantitative and qualitative estimation of a finance and economic activity and of the estimation of efficiency of innovation
implementation and system changes; — controllability: the compliance of a factual state of an innovative process with a project
one, which is planned after processes of the management system change; — coherence: the synchronization of implementation of
innovative processes and technologies with essential organizational changes according to time, terms, and resources. Taking into
consideration the done research the author may conclude that the provision of high competitiveness of a light industry company is
possible in terms of the formation of effective management system of its innovation and investment development with account for
all essential requirements and principles.
Svetlana Savina Functions, Models, and Forms of the Innovative Development of a Company // The Russian Academic Journal, Vol. 29, Issue 3, 2014, pp. 0-0

The article contains a study of the dependence of the enterprise on the competitiveness of its innovative activity. Experts highlight factors refraining the innovative development of production: the absence of financing (85.7%); high expenses (40.3%); considerable credit rates (38.7%); a significant economic risk (24.1%); problems concerning raw materials (29.2%); the imperfect legislative framework (31.5%). In Vinnytsia region there has been a tendency of the decrease of a general amount of innovative expenses of light industry companies during the last years. As a result of the innovative activity next structural forms may be highlighted: the reduction of transactional and operational costs; the re-projection and the expansion of the nomenclature of company products; the optimization of an organizational and managerial structure of a company; the creation of a quality system; the certification according to appropriate standards. The formation of innovation development mechanism of light industry companies contemplates the complex implementation of the topical achievements of science and techniques (innovations) in a production and managerial activity and should be based on such conceptual principles: — resource provision: the existence of an appropriate amount of material, labor, technical, applied, and infrastructural opportunities of companies for implementation of innovations and realization of system changes; — efficiency: the dynamic reduction of non-production costs, the increase of incomes of realization of products manufactured on the basis of new technologies; the expansion and strengthening rival positions of a company in a market; — balance: the existence of balanced system of the quantitative and qualitative estimation of a finance and economic activity and of the estimation of efficiency of innovation implementation and system changes; — controllability: the compliance of a factual state of an innovative process with a project one, which is planned after processes of the management system change; — coherence: the synchronization of implementation of innovative processes and technologies with essential organizational changes according to time, terms, and resources. Taking into consideration the done research the author may conclude that the provision of high competitiveness of a light industry company is possible in terms of the formation of effective management system of its innovation and investment development with account for all essential requirements and principles.