Improvement of approaches to evaluating the effectiveness of innovation

The paper proposes an improved system of methodological approaches to evaluating the effectiveness of innovation. The approaches proposed by the author involve the use of a sufficient number of indicators that comprehensively demonstrate the effectiveness of the implementation of an innovation and its economic impact on the company. They also involve the application of the discount rate in calculations, the account of the impact of inflation and the risk to the effectiveness of innovation, the calculation of indicators of financial condition of the company.