Cyclical model of the functioning of an information system for managing enterprise innovation development

The article examines the functioning and role of information systems in modern enterprise management mechanisms, supporting the strategic and operational management of innovation processes. The relevance of the study stems from the fact that innovation development ensures enterprise competitiveness; however, the lack of effective information support for management decisions during such development limits enterprises’ ability to rapidly adapt and implement new technologies. Therefore, the study aims to analyze, systematize, and generalize the existing theoretical and methodological foundations of information system functioning in enterprises and to substantiate a cyclical model of an information system for managing enterprise innovation development. To achieve this goal, the study analyzes modern information systems and substantiates the need to integrate them into a unified management architecture to ensure effective information support for enterprise innovation development. Contemporary practices of information system implementation in leading international companies are examined, and the key advantages of centralized data integration, transparency in the innovation portfolio, and optimized resource allocation are identified. It has been determined that effective management of innovation projects largely depends on the continuous flow of information throughout the product life cycle. The study substantiates a cyclical model of the functioning of an information system for managing enterprise innovation development, which includes: input flows (market and technological information, internal indicators), process flows (analytical processing, modeling, decision-making), output flows (management decisions, KPIs, innovative products), and feedback flows (evaluation of results, strategy adjustment). The implementation of the proposed cyclical model is expected to enhance coordination among structural units, ensure the management system’s adaptability, and foster sustainable competitive advantages for the enterprise. The proposed model enables transforming information flows into a strategic tool for influencing enterprise innovation development, ensuring integration across portfolio and project management levels. Keywords: information system, innovation, innovation development, innovation management, cyclical model, strategic management.