The Concept of the Development Strategy Formation for Industrial Enterprises in the Transition to the Knowledge Economy
In the modern business environment, there is an urgent need for the industrial enterprises to transit to the knowledge economy. This is due to the fact that companies that imbed knowledge into the product value chain achieve significant competitive advantages. The creation, dissemination and application of knowledge in the form of high-tech products and services determine the tendencies for sustainable development of industrial enterprises, which is the basis for both the economic growth of the state and an increase in the level and quality of life of its citizens. To ensure the effective transition of domestic producers to the knowledge economy, it is necessary to form and implement a competent development strategy. The development strategy for industrial enterprises should be developed on the basis of the positive experience of the transition to the knowledge economy of the world leading companies, taking into account the threats and opportunities of the domestic business environment and be focused on conducting bench marketing studies to overcome emerging gaps with leading enterprises. One of the priority tasks of the Republic industry restoration to normalize the conditions for the functioning of enterprises in the current situation and bring them to a new level of development is to develop a new concept to form the development strategy of industrial enterprises. The proposed concept is the basis of the development strategy formation for industrial enterprises in their transition to the knowledge economy. It is a systematic view of the problems to ensure the competitive advantages of industrial enterprises by embedding knowledge in the value chain of their products; it includes goals, objectives, principles, mechanism and results of management impact in the process of forming the development strategy that ensures the transition to the knowledge economy in the most efficient way