Innovation management mechanisms and their adaptation to modern external challenges

The article discusses the issues of innovation management. The strategic importance of innovation for the economy is indicated. The reasons hindering the innovative development of the economy in the conditions of modern external challenges are revealed. The necessity of innovative development of the economy in general and economic entities in particular is substantiated, since innovative development largely determines the pace and scale of economic processes due to its impact on the activities of organizations and enterprises that make up the structure of the economic system.