EFFECTIVE MANAGEMENT AS A FACTOR OF INNOVATIVE DEVELOPMENT OF CONTEMPORAR

Abstract

The formation of an efficient mechanism for the functioning and development of contemporary business based on innovation is an actual problem.Rather a low level of the scientific knowledge, slow growth of innovative productionvolumes are major challenges in Ukraine.The list of the key challenges to ensure a sufficient level of innovative business develop-ment is identified in the article.Ensuring the sustainable development of the economic system at any level, and espe-cially the recovery of the state-level economic system in crisis situation, requires the formation of an efficient mechanism of functioning and development based on innovative principles. This is relevant for transport companies. Such a mechanism should meet the conditions of maximum stability and adaptability in relation to the influence of external factors. This level is mostly determined by the level of labor resources development. Accordingly, attention to the develop-ment of various areas of self-management of the relevant groups of labor resources should be increased.Two main directions of self-management development (personal self-management and team self-management) are relevant in the specified conditions. In the organizational sphere, the ability of team members to self-manage is crucial for the efficient functioning of the business structure.A number of tasks for the implementation of self-management technologies in the organi-zation are described in the article. The negative consequences of implementing self-management principles, particularly in large companies, are researched in the article.The development of innovative business in crisis conditions depends on the demand for innovation, the availability of competitive scientific and technical potential of the national eco-nomic system, the activities of venture capital companies and investors who finance risky inno-vative activities. Startups are the one of the promising directions for the development of innova-tive business. The issues of ensuring efficient management are extremely relevant for this form of organization of innovative business development. Efficient management is based on the prin-ciples of personal and team self-management. Management of the organization based on the principles of self-management is effective for implementation in startups and any contemporary business.