ARCHITECTONICS AND STRUCTURING OF THE INNOVATIVE SUPPORT FRAMEWORK TO ENSURE SUSTAINABLE DEVELOPMENT OF MACHINE-BUILDING ENTERPRISES

Abstract

The research findings have identified that in the context of modern global realia, the fundamental principles of building innovative support framework for sustainable development of machine-building enterprises are undergoing drastic structural changes. Among the key drivers boosting the transformation of financial relations at the microlevel are the new imperatives of information and innovation economy as well as the processes of globalization and knowledge economy. Each component of the innovative support framework to ensure sustainable development of machine-building enterprises is viewed as a specifically organized set of structural elements (architectonics) together making a whole. It is argued that the characteristics of the system cannot be reduced to the properties of its individual elements in which management functions are embedded. It has been verified that machine-building enterprises should actively implement an innovative support framework to ensure their sustainable development, which is created with an ultimate goal – to attain the performance efficiency, maintain sustainable development and keep the enterprise functional capacity over time. This is partially achieved by differentiation of the main managers’ functions and responsibilities at different management levels. The transition to a new hierarchy level translates into changes in the scope of tasks, the complexity of the functions performed, the degree of responsibility, strategic decisions made, and access to innovative information. The architectonics and structuring of the innovative support framework to ensure sustainable development of machine-building enterprises as a logical combination of management levels (the hierarchy) and the functional areas (management system) should be organized in such a way as to attain the enterprise goals most effectively. From this perspective, management is seen as a set of individual functions, proper implementation of which contributes to gaining sustainable development management effectiveness. It has been emphasized that overcoming the challenges of multivector dimensions in making managerial decisions is often accompanied by radical reorganization of enterprise management through effective application of a management modifying function in the system of building innovative support for ensuring sustainable development of machine-building enterprises.