KEY COMPONENTS OF THE RADICAL INNOVATION MANAGEMENT SYSTEM IN ORGANIZATIONS
Most large companies have significant difficulties with radical innovation. They are felt both at the development stage and at the stage of bringing innovation to markets. The reason lies in the bureaucratization of activities and the reorientation of resources and processes in favor of incremental innovation. Accordingly, new management practices at the middle and lower levels of management are insufficient to solve the problem. Organizational structure and horizontal interaction with other institutional players in the global innovation race should be reviewed. It is known that the life cycle of large companies is rapidly decreasing. Therefore, developing radical innovations is a matter of survival, not just securing a competitive advantage. The purpose of the paper is to formulate the main components of a management system for radical innovation in large companies.