Innovative Development of Agrarian Enterprises of Ukraine in the Context of the Fourth Industrial Revolution

Abstract

The purpose of this article is to investigate the innovative development of Ukrainian agricultural enterprises in the context of the Fourth Industrial Revolution. The article presents the organizational and economic mechanism of innovative provision of competitive development of agrarian enterprises on the basis of the Fourth Industrial Revolution through inter-sectoral integration and development of digital agriculture to stimulate the diffusion of innovations, the implementation of the program of innovative entrepreneurship in the countryside, the formation of a symbiotic-complementary system of activation of technological and managerial innovations. It is proved that the basis of organizational and economic mechanism of innovative investing is creation of favourable business environment for realization of innovation-investment projects by agricultural enterprises, stimulation of integration of scientific developments and results of strategic management into production, formation of market competitive advantages in the long run. It is proved that the development of agrarian enterprises in Ukraine occurs under the conditions of radical economic changes aimed at strengthening the economic management methods and innovative component of their functioning. The aim of such transformation is to achieve economic growth and balance of functioning; ensuring the organic combination of the interests of business entities; transformation of scientific and technological progress into the main factor of economic growth; creation of conditions for realization of consumer priority in economic relations. Innovative changes in the functioning of agricultural enterprises contribute to the solution of the issues of technological and technological renewal, innovation-marketing development and economic growth. Increasing the competitiveness of enterprises in the agrarian sector of the Ukrainian economy, their timely adaptation to changes in the competitive environment, the formation of sustainable competitive advantages based on the most complete alignment of strategic capabilities of enterprises with internal potential and unused reserves, maximal synergies of the efficiency of work in a competitive market are also directly dependent on the technological renewal and diffusion of innovation. Taking into account the contradictions of the Fourth Industrial Revolution, it can be concluded that mankind can be saved from the stagnation only by collective mind which is capable to transform the absence of work and reduction of human’s employment into means of social and personal development.