Methods for evaluating innovation in the petrochemical enterprises

The development of petrochemical industry directly dependent on their innovation activity .Accordingly, the necessary measures to stimulate innovation in the enterprise have to be taken. Under these conditions it is very important to assess the effectiveness of innovative activity. The existing methods to evaluate it need to be systematized and extended to be practically applied by economic departments of petrochemical enterprises. The authors propose a method to estimate the innovative activity in the petrochemical enterprises, consisting of 7 stages. On the first stage the dynamics of “intangible assets†and “the results of research and development†in the enterprise for the certain period (usually three calendar years) are estimated. At the second stage the structure of «intangible assets» and results of research and development» are estimated in terms of the share of value of the overall property of enterprise for the same period. At the third stage the structure of «intangible assets» or the result of research and development are examined. At the fourth stage of the depreciation coefficient of “intangible assets†and the write–off coefficients in the “results of research and development†sector are calculated. At the fifth stage th e structure of “intangible assets†and “the results of research and development†and their share of the total value of all the innovation in the enterprise are examined. At the sixth stage four indicators: fund capital productivity of innovation; fund capacity of innovation; fund profitability of innovation; fund furnishing; the coefficient of innovation activity in not-circulating assets are calculated. At the seventh stage of the share of trained employees in the calendar year from the total number of employees is calculated.