The strategy of innovative development: concept, essence and significance for business units in conditions of continuous development

Abstract

Strategies for innovative development of business units are considered, which cover many alternative positive innovation processes in business structures and business units, which allow significantly accelerating the innovation process and making a profit. A matrix of strategies for innovative development of business units is proposed and their place for successful innovative development is determined by choosing the appropriate strategy. Characteristic features of introduction of basic and improving innovations at different levels of management are defined.