DEVELOPMENT OF INNOVATIONS MONITORING SYSTEM AND ITS IMPLEMENTATION IN PRACTICE OF COMMERCIAL COMPANIES

The article submits the development of an innovations monitoring system. The aim of its creation is in increase of competitiveness of commercial organizations. The proposed innovations monitoring system consists of eleven main units, each of the units performs its own role, starting from searching information and ending with correction of production processes. Implementation of the innovations monitoring system in practice of a commercial organization can become a new instrument in generation unique ideas, finding out new key factors and advantages for development in competitive environment, taking decisions and actions regarding how to allocate or develop resources. Implementation of such system can facilitate the process of generating competitive new products and services; it can help in automation and formalization of processes, reducing time for introduction of innovations, finding modern trends on the market, managing the impact upon the environment.