Development of the innovative enterprises of the agrarian production in the current economic system of Ukraine

Abstract

The article is devoted to defining the causes of innovative business failure in supporting stable economic growth of its own enterprises. Historical trends and world experience of big business innovative development have been revealed. Factors that impede effective sustainable business growth due to innovation have been defined. It is shown that the current strategies of large foreign companies’ takeover are not consistent with the objectives of their growth. Practical recommendations for the survival of small-scale and average business in terms of current economic system of Ukraine have been formulated.