Abstract
For effective adaptation to the rapidly changing conditions of the external environment and the implementation of economic activity, a necessary condition for the effective management of sustainable development is theoretical research into the mechanism of its provision according to the vector of innovation. Within the framework of this chapter, a systematic approach to the formation and implementation of the strategy of sustainable innovative development of transport enterprises is outlined, which allows determining the main methods and tools used in order to improve the efficiency of the enterprise's functioning, both in the current period and in the future. At the same time, it is important to note that the strategy of sustainable development includes two main directions – the mechanism of enterprise restructuring to achieve long-term sustainable development and the management policy of short-term sustainable development of enterprises. Methodological approaches have been developed to determine the mechanism of sustainable innovative development, which is a set of subsystems and elements that regulate the process of managing the innovative activity of the enterprise. It is substantiated that one of the most important conditions for the functioning of the mechanism of sustainable innovative development of the enterprise is the formation of the necessary volume of financial resources. In case of limited access to financial resources of developed countries, the main source is the company's own resources. This made it necessary to develop a methodology for the formation of funds for targeted financing, which, based on the characteristics of innovative transformations, are determined by the characteristics of internal investment and venture funds.