Improving the management of ınnovative development mechanisms for entrepreneurial entities in Azerbaijan

Abstract

This article examines the theoretical, methodological, and practical aspects of the organizational and economic mechanisms for innovative development of entrepreneurial entities in Azerbaijan using various methods. The article focuses on the scholars' approaches to this issue and the authors' perspectives on them. The focus is on identifying the main factors negatively impacting the innovative development of entities, developing a framework reflecting the components of these mechanisms and their scope of action, analyzing the macroeconomic indicators of entities, and assessing the degree of satisfaction with the production of innovative products. Additionally, a progressive classification based on specific objectives of innovation activity has been developed, along with practical recommendations.