THE POTENTIAL OF INNOVATION IN SMALL BUSINESS

Abstract

The purpose of this article is to analyze the international experience of using the innovation potential of small business and the opportunities of the country's enterprises to take advantage of it.In modern conditions, innovations become one of the determining factors of economic development. Small business is an important part of this process. The transformation of companies' capabilities into action depends more on their innovation potential. An index system is used to evaluate innovation potential. Depending on the level, such potential may vary from industry to industry.The relatively low level of innovation activity among domestic enterprises makes them look at the experience of foreign companies. One of the main issues here is a systematic approach that involves the 
use of internal and external factors in interaction.