System of dynamic norms as a basis for sustainable development management of territories of innovative development

The aim of the research is to develop a system of dynamic norms providing an assessment of the projects of territories of innovative development for the purposes of their control and management. Using the functional approach we conducted a study of effective organization of territories of innovative development which is a subject of research. On the basis of selected its main functions we suggested the purposeful creation of the individual components that characterize its activities. The study is based on the data of Russian Federation regions but this method can be freely transformed for other countries. The system of indicators highlights in the work and comprehensively characterizes the territory of innovative development. It is the basis for the system of dynamic norms representing the ratio of main indicators growth. The system allows to detect deviations from the target vector of development for a regional and individual economic subjects and it is used to manage the sustainable development of territory. The need of sustainable development issues research due to objective conditions of limited resources, evidence-based cycles of economic growth and a number of other negative factors which together can become the reason of not achieving of objectives in project of creation of territory of innovative development. In the study we showed the construction of the dynamic norms of main components of territories of innovative development for purposes of sustainable development identification. Each dynamic norm meets to function of territory of innovative development. The compliance of date to the etalon dynamic norm indicates the right vector of development to ensure its sustainability. The study shows that the management at the regional level should be focused on addressing imbalances designed dynamic norms and provides specific activities that contribute to sustainable development of the territory.