FORMATION OF THE INSTITUTIONAL ENVIRONMENT IS THE KEY FACTOR FOR THE INNOVATIVE DEVELOPMENT OF THE COUNTRY.

The presented article deals with the formation of an institutional environment that determines the direction and speed of institutional changes, creates conditions and guidelines for selection of effective elements of the institutional structure from alternative forms of economic coordination. The emphasis is on turning the internal structure of the company into a network that will allow greater transparency in management and coordination, create greater openness of the company, lead to a decrease in transaction costs of an innovative nature. [ABSTRACT FROM AUTHOR]