LABOUR POTENTIAL AS A DRIVER OF ENTERPRISE INNOVATIVE DEVELOPMENT

Abstract

This study provides insights into the relevance of research on labor potential as a driver of enterprise innovative development. Labor potential is viewed as a manifestation of the human factor imposing direct effects on enterprise business and economic performance. High environment variability triggers a critical need to explore enterprise labor potential to ensure its further adaptability to changes in modern external environment. From a systemic approach perspective, enterprise labor potential should be considered in the comprehensive framework that includes such subsystems as qualification, personal, physiological, psycho-emotional and others. Summarizing a vast array of research, in the context of this study, labor potential is viewed from the positions of such approaches as socio-biological, functional, structural, resource-based, comprehensive and systemic. It is argued that labor potential is a set of workforce abilities and aptitudes which is characterized by certain personal and professional skills that will ultimately contribute to attaining the overall enterprise goals subject to the level of its technical and technological development as well as industry focus. The structure of labor potential covers intellectual, educational, competence-based, historical, cultural, biological, motivational, economic variables, etc. The research findings have revealed that further enhancement of labor potential has important implications for enterprise innovative development, providing favourable environment for creating opportunities to boost innovations in various areas of its activities and their further implementation; facilitating transformation of novelties into innovations, etc. Given essential effects upon business innovative development, within the scope of this study, enterprise labor potential is presented as a consistent on-going process of generation and further implementation of innovations aimed at ensuring the most rational use of its workforce through an optimal combination of a range of intellectual, educational, economic, professional skills and other competence-based elements. A special focus is put that in the result, the above will contribute to gaining the overall business goal and implementating the enterprise strategic objectives.