Journal of Entrepreneurship Education (Print ISSN: 1098-8394; Online ISSN: 1528-2651)

Abstract

Entrepreneurship as a Basis for Promotion of the Strategy of Development of Polish Industrial Enterprises

Author(s): Lidiia Karpenko, Vasyl Zalizko, Natalia Vdovenko, Oleksandr Starynets, Halyna Mieniailova

Innovation activity is a key area for achievement of the strategic goals of industrial enterprises. This study is aimed at establishment of a relationship between strategic development indicators and the level of innovation activity of manufacturing enterprises in Poland. To achieve this, the authors compared theoretical thinking with the implementation of the theory based on empirical testing methods. A method of questioning was used in this study to select indicators that reflect the relationship of innovation with the indicators of the development of manufacturing enterprises. The results found: (1) accuracy and reliability of statistical processing tools; (2) the activation of innovation activity promotes the implementation of the development strategy; (3) the relationship of the indicators of the innovation level and the index of production of manufacturing enterprises; (4) the relationship between indicators of innovation level and profitability of assets of manufacturing enterprises; (5) the relationship of indicators of innovation level and growth rates of investments of manufacturing enterprises. The authors of the study recommend to assess the level of innovation activity of manufacturing enterprises based on quantitative dependencies between certain indicators, which provides the basis for effective management of innovations as the basis for provision of enterprise development strategy.

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