Innovative Development of the Food Sector in the Republic of Belarus and Poland: Status and Current Develipment Trends
Purpose: The study aims to develop a science-based economic mechanism for the innovative development of the food sector. Approach/Methodology/Design: The research methodology is based on the systematic approach applied to the research of innovative development of food organizations using general scientific methods of analysis, synthesis, comparison, generalization, classification, etc. Conclusions: The economic mechanism of organizations of the food sphere innovative development constitutes a set of methods, methodologies, and algorithms, with the help of which an influence on their innovative activity is provided to assure their effective activity and achievement of strategic purposes. A new approach to innovations as an ultimate result of activity, which includes creating and introducing new products, new technology, and management to increase competitiveness and efficiency of organizations of the food sphere, is proved. This together creates the prerequisites for the scientific substantiation of the conceptual model of formation of the economic mechanism and the implementation of the food organizations’ strategy of innovative development. Practical implications: It allows for a comprehensive analysis by the proposed evaluation indicators, considering external and internal factors, which enhance the possibilities of monitoring, planning, and forecasting of food organizations' innovative development in a competitive environment. Originality/value: This novelty is based on the theoretical foundation's development of the economic mechanism formation in food industry organizations and the compilation of recommendations to ensure their effective functioning in current conditions.