Abstract:

The Modern economy is characterized by total competitiveness. Each company tries to achieve competitive advantages as it promotes stability and a dominant position in the market. The best way to achieve this is through innovation. To increase the number and quality of innovations, companies need to focus on studying and analyzing the processes and principles of their development. There are many types and ways of innovation development that companies can use throughout their activities. Innovation is important for the sustainable growth of science and economic development. They are the basic condition for ensuring innovative scientific activity and stimulation of economic growth. This work is an interdisciplinary scientific research of innovations with a clear praxeological vector. This article discusses the philosophical and scientific side of innovation (concepts, types, levels), as well as scientific and practical-the most effective ways to use innovation to achieve a high level of innovation of the organization. The publication was prepared with the support of the Grant of the President MK-240.2019.6 Transdisciplinary model of socio-cultural risk management.