THE FEASIBILITY OF INNOVATIVE SOLUTIONS OF AGRICULTURAL ENTERPRISES IN THE CONTEXT OF THE DEVELOPMENT OF THEIR TECHNICAL AND TECHNOLOGICAL POTENTIAL

Authors

DOI:

https://doi.org/10.32782/ecovis/2023-2-16

Keywords:

agricultural enterprises, feasibility, efficiency, innovative solutions, competitiveness, sustainable development, resilience, technical and technological potential, transformation

Abstract

The article is devoted to the study of the feasibility of innovative solutions of agricultural enterprises in the context of the development of their technical and technological potential. In conditions of growing economic turbulence, the agricultural sector is faced with the need not only to adapt to changes, but also to implement deep structural transformations. Instead of traditional business models, agricultural enterprises are increasingly focusing on approaches that provide for systemic renewal and development of technical and technological potential. It is determined that innovative solutions are a determining factor in the formation and strengthening of the technical and technological potential of agricultural enterprises in conditions of deep structural transformations, growing economic instability and the need to adapt to modern challenges. Their implementation contributes not only to the renewal of the material and technical base and the improvement of management mechanisms, but also ensures increased productivity, increased competitiveness, environmental responsibility and long-term sustainability of agricultural production. It is established that the assessment of the feasibility of applying innovations should be based on a systematic analysis of the internal resources of the enterprise, its institutional readiness for change, industry features and the specifics of the regional environment. Effective implementation of innovation potential is possible only under the condition of a comprehensive approach, covering not only technological aspects, but also personnel, financial, organizational and environmental factors. It is proved that in modern conditions, innovations cease to be the prerogative of individual leading enterprises, acquiring the status of a necessary condition for the survival and sustainable development of the entire agricultural sector. Therefore, the strategic implementation of innovations, focused on strengthening the technical and technological base, should become a priority task for all agricultural market entities that seek to function effectively in the conditions of global changes in the economic and agricultural environment.

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Published

2023-12-28

How to Cite

Khalin, S. (2023). THE FEASIBILITY OF INNOVATIVE SOLUTIONS OF AGRICULTURAL ENTERPRISES IN THE CONTEXT OF THE DEVELOPMENT OF THEIR TECHNICAL AND TECHNOLOGICAL POTENTIAL. Scientific Journal of Yuriy Fedkovich Chernivtsi National University. Economics, (2), 102–107. https://doi.org/10.32782/ecovis/2023-2-16