USING THE KEY PERFORMANCE INDICATOR (KPI) SYSTEM AS A MANAGEMENT TOOL FOR ENSURING INNOVATIVE DEVELOPMENT OF BUSINESS ENTITIES

Анотація

Within the framework of the conducted research, the place of the Key Performance Indicator in the general strategy of innovative development of the subject of entrepreneurial activity was determined. The use of the Key Performance Indicator (KPI) system based on the principles of the process-system approach is substantiated, which made it possible to single out the elements of the concept of ensuring innovative development, which includeseven stages: formation of the KEY PERFORMANCE INDICATOR system of innovative development; determination of a set of indicators for each of the selected areas based on correlation analysis of the relationships between individual indicators; determination of its critical (reference) value for each indicator; determination of the weight of individual indicators by the method of expert assessments; formation of generalized indicators for each area, taking into account the defined set of indicators and their weight; calculation of the degree of achievement of the normative (reference) value of each indicator of innovation efficiency. This allows business entities to comprehensively assess the effectiveness of innovation development management, as well as to predict its effectiveness for the previous period.

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