Abstract: The article summarizes the experience of the organization and management of scientific and technical developments of enterprises in such countries as the USA, China, Russia. The author proves that for the successful functioning and development of industry in the Russian Federation it is necessary to have institutional mechanism providing a set of prior organizational and economic activities. The concept of formation of organizational and economic mechanism of development by modernization and innovation activity is suggested.
Keywords: scientific and technical development, organizational and economic mechanism, innovations, modernization
Cite this article: Antonina Pakhomova, Larisa Namestnikova. INSTITUTIONAL ASPECTS OF DEVELOPMENT OF ORGANIZATIONAL AND ECONOMIC MECHANISM OF MANAGEMENT BASED ON MODERNIZATION AND INNOVATION. Journal of International Scientific Publications: Economy & Business 10, 562-570 (2016). https://www.scientific-publications.net/en/article/1001326/