Impact of Developing the Production of Innovative Products on the Financial Results of Enterprises

Abstract

Innovation today is a desirable outcome for all economic entities. One of the main conditions for the successful socio-economic development of the country is the development of innovative activities of enterprises, the production of competitive products and the economic growth of production. In the current conditions of globalization and digitalization, the development of the economy of any country is based on the active use of innovations in various aspects of the life and activities of an individual, society and the world as a whole, in order to create new consumer value, increase social and financial results, increase productivity and efficiency. All of them are necessary for the growth of the welfare of society by improving the quality of life and the level of safety, reducing negative impacts on the environment.