The impact of the introduction of innovative projects on the level of economic development of the enterprise
Introduction . The innovation projects implemented at the enterprise have the greatest impact on the number of goods and services that have not previously served as a source of income. Innovation projects often focus not only on the development of new products and services, but also on the improvement of previously manufactured products by improving existing technological processes and introducing innovative management methods, which has a positive impact on economic growth. Purpose: to study the impact of the introduction of innovative projects on the level of economic development of enterprises. Materials and methods . In the course of the study, an analytical and statistical-economic research methods were applied. The information base of the study was data from open statistical sources. Results, discussion . During the study, it was concluded that the introduction of innovative processes and technologies into production has a huge impact on its economic efficiency.The main effect of the introduction of innovations is due to increased productivity and technological breakthroughs in various industries. Stable and long-term development of the enterprise becomes possible only through innovation, which is decisive in the competition. Conclusion . The development of a modern enterprise and increasing the competitiveness of manufactured products is impossible without the introduction of innovative projects. Enterprises that neglect this rule are forced to constantly catch up with their more successful competitors, which means they are not able to cover the entire market and are content with only a small part of it. Without the introduction of innovative projects, an enterprise is not able to influence production costs, improve the quality of previously manufactured products and develop new products and services.