Implication of strategic management in innovative projects. Dmitrienko Anastasia postgraduate student of SSTU 1. The essence of strategic management and innovative project 1. The structure of strategic management 2. Conclusion Innovative project is united by a common goal, which is planned to systematic implementation and confined to a specific time of the complex of measures and the creation, production and promotion to the market of new high-tech products, executors and resources. Strategic management involves the formulation and implementation of the major initiatives taken by a company's top management on behalf of owners, based on consideration of resources and an assessment of the internal and external environments in which the organization competes. Operational management is Management concerned primarily with responses to internal issues such as improving efficiency and controlling costs. Strategic management is concerned primarily with responses to external issues such as in understanding customers needs and responding to competitive forces. 1. creating a "unique and valuable position" 2.creating "fit" by aligning company activities with one another to support the chosen strategy 3.making trade-offs by choosing "what not to do" specifying the organization's objectives developing policies and plans designed to achieve these objectives allocating resources to implement the plans Control Strategic management of innovation projects includes not only the definition of long-term goals and ways of their achievement, but also adjustments of these paths in connection with the developments within the project and in its environment, the ability to adapt quickly to changes in the various factors and nonstandard decisions in situations. List of literature. 1. 2. 3. 4. 5. Минцберг Г., КуинДж.Б., Гошал С. Стратегический процесс. — СПб.: Изд-во «Питер», 2001. Петров В.В. Стратегическое управление. Учеб. пособие для студ. спец. «Менеджмент организации», Саратов: СГТУ, 2004.288 с. Schandel D.E., Hatter K.J. Busines Policy or Strategic Menegement: A Boader View for an Emerging Discspline / D.E. Schandel, K.J. Hatter – August, 1972. Higgins J.M. Organizational Policyand Strategic Manadement Textand Cases / Higgins J.M. – 2nded.Chicago, The Drydent Press, 1983. – Р. 355. Pearce II J.A., Robinson R.B.Jr. Strategic Menegment / II J.A. Pearce, R.B.Jr. Robinson – 2nded. Homewood. III, Richard D. Irwin, 1985. Thank you