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Specific Features of Formation and Distribution of the Fund of Innovation Development when Motivating Employees of Enterprises


  • Kuzmin Oleh Ye.

    () (National University "Lviv Polytechnic")

  • Voronovska Marta M.

    () (National University "Lviv Polytechnic")


The article considers motivation activity at industrial enterprises and underlines importance of its execution under conditions of innovation activity. In order to perform it the article offers to use a number of material (bonus system by generalised grades, bonus for doing especially important work for a certain period of time with consideration of the labour process with innovation activity of the enterprise, etc.) and non-material (praise, gratuity, methods of formation of collectives, etc.) incentives, the source of which is application of the fund of innovation development. In order to increase effectiveness of motivation activity of an enterprise the article identifies specific features of its formation and distribution: financial and purposeful character, continuity, inclusion of individual payments only and existence of norms of deduction of its funds.

Suggested Citation

  • Kuzmin Oleh Ye. & Voronovska Marta M., 2014. "Specific Features of Formation and Distribution of the Fund of Innovation Development when Motivating Employees of Enterprises," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 2, pages 196-200.
  • Handle: RePEc:idp:bizinf:y:2014:i:2:p:196_200

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    References listed on IDEAS

    1. Carlin, Wendy & Mayer, Colin, 2003. "Finance, investment, and growth," Journal of Financial Economics, Elsevier, vol. 69(1), pages 191-226, July.
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