Typology of innovation strategies for petrochemical enterprises

Abstract

Abstract The article defines the role of the petrochemical industry in the development of the economy as a whole. The key problems of innovative development of the Russian petrochemical complex that are typical for the current stage are identified. The purpose of the study is to analyze the organizational and economic processes of formation and implementation of innovative strategies for the development of petrochemical enterprises and practical recommendations for improving their performance. To achieve this goal, the role of the components of the innovative potential of enterprises in the development of the economy is determined; the analysis of directions of development of innovative activity of the main foreign players in the market of petrochemical is carried out; strategies of innovative development of petrochemical enterprises are formed. It is concluded that in the era of digitalization of industry, the priority strategy for the development of the petrochemical complex is resource conservation.