Innovative development of the economy of the Republic of Azerbaijan and management of the innovative activities of ventures

The modern condition of the world economy exposes, that the countries, where innovative activities are developed get considerable advantage in competiveness and that reflects in the fact, that both the intellectual products and regular goods are services they produce are commodities of a high demand for the countries, where innovative activities are pooply developed and they are specialized in production of material values. In modern Azerbaijan, the country which is the most dynamically developing one in the region high attention is allocated to the development of innovative activities. The innovative policy implemented dy the Azei State presumes creation of necessary conditions for production, spreading and intrusion of new knowledge and technologies. One of the most essential specifications characterizing development of the national economy in the modern period is making the innovative activities of the entrepreneurs effective. And that, along with everything else, depends on effectiveness of management of innovative activities.