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Innovation management. Basic functions of innovation management (most important)

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11. MAIN FUNCTIONS OF INNOVATION MANAGEMENT

Innovation management performs functions that predetermine the formation of the structure of the enterprise management system in the implementation of the innovation process.

There are two types of innovation management functions:

1) the functions of the subject of management, i.e. the subject of management will be one or a group of employees conducting purposeful management of the functioning of the management object;

2) the functions of the object of management, i.e. the object of management in this particular case will be both innovation, and the innovation process, and economic relations between all involved participants in the innovation market. Functions of the subject of management:

1) forecasting function - involves the development for the long term of fundamental changes in the technical, technological and economic state of the control object as a whole and all its various systems and subsystems;

2) the function of planning - involves combining the entire range of work on the development of planned targets in the innovation process and on their implementation;

3) the function of the organization - involves bringing together people who jointly implement innovation and investment programs on the basis of any rules and procedures;

4) the function of regulation - the impact on the control object to obtain a state of stability of technical, technological and economic systems;

5) the function of coordination - involves the coordination of the coordination of the work of all sections of the management system, the management apparatus and individual specialists;

6) incentive function - involves the motivation and stimulation of employees;

7) control function - involves checking the organization at the time of implementation of the innovation process at its different stages, the plan for creating, implementing innovations, etc.

Control object functions:

1) risky capital investment in an innovative project;

2) organization of the innovation process in the implementation of the innovation project;

3) organizing the promotion of innovations in the market and its diffusion.

The function of risky capital investment is clearly manifested in the organization of venture financing of investments in the innovation market. Investing in a new product or a new operation is always associated with uncertainty, with great risk. Therefore, it is always carried out through the creation of innovative venture funds. The content of the function of organizing the innovation process will be the rational organization of innovation activities for the creation, implementation and distribution of a new product or new service.

Authors: Evgrafova I.Yu., Krasnikova E.O.

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