Innovations as factor of sustainable development of economic systems

Abstract

Modern emphasis on the management of economic systems predetermined the need for increased attention to the problems of applying a variety of approaches to identifying innovation processes as factors contributing to the development of socio-economic relations, both at the level of the national economy and at the level of building macroeconomic relations, as well as at the level of forming decisions environment. In the proposed article, the set of innovative characteristics that can have a significant impact on the sustainable development of economic systems is explored. Keywords–Innovations, sustainable development, economic systems, management, national economy, management cycle, organization, modern management decisions, socio-economic systems, situational approach, development, human potential