IDEAS home Printed from
   My bibliography  Save this article

Strategies of the expansion of innovative potential by processing companies


  • D. Krysanov, L. Wodjanka


The purpose of the article is caused by the emergence of new challenges for the national economy, and particularly for the agricultural sector as a result of the signing and ratification, in September 2014, of the Association Agreement EU-Ukraine. These challenges are systemic, comprehensive, extremely powerful and dangerous, so the preparation of adequate responses to them requires a transition to an innovative paradigm of businesses in the food complex in order to actively develop their innovative potential. The study used methods such as theoretical abstraction, generalization of the essential characteristics of modern paradigms of development, structural and comparative analysis and grouping, SWOT-analysis of the internal condition and environment of food-processing companies, the hierarchy of risks by source of origin, and organizing strategies for the development of structural components of the innovative potential. The authors justified theoretical and methodological foundations of economic transition to an innovative paradigm of development strategy of the food-processing industry. It is based on the assessment of the internal condition and existing potential for the whole enterprise and its components, the external economic environment and innovation and investment climate and, on this basis, the selection of innovative models of development. The strategy of increasing innovation potential of a business structure is based on the allocation of structural components and the use of different groups of sectoral strategies for development and to achieve balance. This will be an innovative and technological basis for the production of food products with innovative features (new or improved properties), and corresponding to the consumers customization by needs and tastes. The authors systematized the causes that provoked the appearance of existing or potential risks, revealed their impact on the companies' development strategy and elaborated tools whose introduction and use can neutralize and overcome the brake and centrifugal effects.

Suggested Citation

  • D. Krysanov, L. Wodjanka, 2015. "Strategies of the expansion of innovative potential by processing companies," Economy and Forecasting, Valeriy Heyets, issue 1, pages 89-104.
  • Handle: RePEc:eip:journl:y:2015:i:1:p:89-104

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eip:journl:y:2015:i:1:p:89-104. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Iryna Bazhal). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.