INTERNATIONAL JOURNAL OF ARTIFICIAL INTELLIGENCE
ISSN: 2692-5206, Impact Factor: 12,23
American Academic publishers, volume 05, issue 06,2025
Journal:
https://www.academicpublishers.org/journals/index.php/ijai
page 1686
WAYS TO ENHANCE THE ECONOMIC EFFICIENCY OF INNOVATIVE
ACTIVITIES IN ENTERPRISES
F.U.Tursunov
SamIES, head of the department of “Management”,
candidate of economic sciences, associate professor
Abstract:
The widespread use of the achievements of innovative and investment activities of
enterprises in the formation of the economy of modern Uzbekistan is an important factor in the
consistent and sustainable development of all spheres of public and state life. The article
examines the importance of increasing the economic efficiency of innovative and investment
activities of high-tech enterprises and provides relevant recommendations. Keywords:
innovation, investment, entrepreneurship, competitiveness, profitability, inflation, efficiency,
modernization.
Keywords:
economic efficiency, innovative activities, innovation management, enterprise
performance, innovation strategy, cost-effectiveness, technological innovation, research and
development, productivity improvement, innovation investment, business innovation,
competitive advantage
Introduction.
Studying existing problems in the activities of modern enterprises based on
innovation and investment and conducting research in this area is one of the most pressing
economic issues today. Because the innovation process is the most important dominant of
modern economic development, and in the current business environment, innovations serve as a
decisive factor that contributes to the formation of the state's competitiveness.
Literature review.
In this regard, in the book "Development Strategy of New Uzbekistan" by
the President of the Republic of Uzbekistan Sh.Mirziyoyev, it is indicated that "ensuring
Uzbekistan's place among the top 50 countries in the world in the "Doing Business," global
competitiveness (GCI), innovation (GII), and industrial competitiveness indices" is one of the
important tasks in the development of entrepreneurship.
Main part.
In order to radically change the level of efficiency in the economies of many
countries, as well as to improve the living standards of the population, the replacement of the
existing raw material model with an innovative one in the development of the economy is
yielding significant results. Analysis and results. In the process of developing an innovative
economy, the activities of high-tech enterprises play an important role, and it is impossible to
organize their activities without applying various innovative approaches. The main goal of such
enterprises is to generate income and achieve higher efficiency by solving existing reproduction
problems within the enterprise's economic system. In economic literature, there are various
theoretical and methodological approaches to the study of investments in the innovative
activities of high-tech enterprises, among which functional, mechanical, conceptual, and
process approaches can be distinguished. The process approach implies the introduction of
capital investments necessary for the creation of an innovative product in the innovative and
investment activities of high-tech enterprises.
As we know, investments are one of the most important elements of innovative and investment
activity of high-tech enterprises. Investments are a systematic direction aimed at expanding the
company's activities, carrying out its technical and technological re-equipment or
INTERNATIONAL JOURNAL OF ARTIFICIAL INTELLIGENCE
ISSN: 2692-5206, Impact Factor: 12,23
American Academic publishers, volume 05, issue 06,2025
Journal:
https://www.academicpublishers.org/journals/index.php/ijai
page 1687
modernization, including financial, labor, and material resources aimed at increasing the capital
of a high-tech enterprise in the future.
It is also necessary to take into account the increasing need for capital in the processes of
creating innovative products and their subsequent commercialization in the activities of high-
tech enterprises that effectively use scientific achievements. Therefore, the processes of
investing in high-tech entrepreneurial activity are of particular importance in implementing
achievements in the field of science and technology in various sectors and spheres of the
country's social activity and clearly defining the path of innovative development. To maintain a
stable position of high-tech enterprises in the market, it is necessary to constantly modernize
their material and technical base, reconstruct production capacities, and constantly master the
production of innovative types of products and services.
The essence of the economic efficiency of innovative and investment activities of high-tech
enterprises lies in the fact that through the implementation of such activities, enterprises of this
type can achieve the expansion of fixed capital and the strengthening of their material and
technical base not only in production, but also outside of production. This will allow high-tech
enterprises not only to increase the volume of production activities, but also to significantly
increase the profitability of their high-tech activities.
Conclusion.
When calculating the effectiveness of innovative activity of a high-tech enterprise,
such key indicators as net discounted income, the level of profitability, the profitability index of
expenses and investments, and the payback period for expenses incurred for innovative and
investment activities are used.
When calculating the effectiveness of the innovative activity of a high-tech enterprise, it is
advisable to supplement it taking into account the growth rates of inflation, as well as existing
risk and uncertainty factors.
The main directions ensuring the achievement of positive results in the innovative activities of
high-tech enterprises are the constant striving and ability to take risks in mastering the latest
achievements of scientific and technological progress.
List of used literature:
1. Second Supplemented Edition of "New Uzbekistan Development Strategy" by the
President of the Republic of Uzbekistan Sh. Mirziyoyev. - Tashkent: "Uzbekistan
Publishing House," 2022. - 416 pages.
2. Zaynutdinov Sh.N. Strategy for Enhancing Innovation Potential. Scientific Electronic
Journal of Economics and Innovative Technologies No. 1, 2011.
3. Prosvetov G.I. "Enterprise Economics: Problems and Solutions." Practical textbook. -
Moscow: Alfa-Press, 2009.
4. Yuldoshev N.Q., Mirsaidova Sh.A., Goldman E.D. Innovation Management. Textbook. -
T.; 2011.
5. Resolution of the Cabinet of Ministers of the Republic of Uzbekistan dated November 28,
2012 "On Additional Measures to Reduce Production Costs and Lower the Cost of
Products in Industry."
