Import substitution and diversification of enterprise exports on the way to innovative development

Authors

DOI:

https://doi.org/10.15587/2313-8416.2018.143473

Keywords:

import substitution, export diversification, innovation, crisis management, strategic development, enterprise potential

Abstract

The low level of management in the processes of domestic enterprises strategic management requires the adoption of innovative strategic steps for their rapid and effective development. On the one hand, the formation of an import substitution strategy, namely, reorientation of production on its own forces, the process of modernizing production facilities and the creation of a competitive product to meet the needs of consumers, and on the other, the diversification of exports, which are measures of anti-crisis management and the latest direction of stable economic development of domestic enterprises

Author Biography

Tetyana Vashchenko, Sumy State University Rymskoho-Korsakova str., 2, Sumy, Ukraine, 40007

PhD, Assistant

Department of Marketing and Innovation Management

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Published

2018-10-03

Issue

Section

Economics