Innovation Foresight as a Tool of Competitive Development of Business Entities

Abstract

Article combines and reveals the different approaches to the management of strategic sustainability and related competitiveness of small and medium-size business structures. These structures, on the one hand promote the national social and economic growth, and on the other hand represent the most variable segment of the economics affected by external influences. Foresight technologies including technologies of innovative foresight planning represent a new method of management that can be used at the macro- and micro-levels.

Keywords: strategic sustainability, competitiveness, business structures, innovative foresight, foresight projects, business case technologies, innovations, knowledge resources, managerial abilities

JEL Classification: F00, P00. P20