Innovation and Technology in the Modern Business Law of Ukraine

Maryana Sayenko, Alina Kuksenko

Referring to the works of Jacques Ellul, a XX-century French philosopher and sociologist, one can come across his famous quote about technological development: “Technology has become a total phenomenon for civilization, the defining force of a new social order in which efficiency is no longer an option but a necessity imposed on all human activity”. That remains true-to-life in our fast-developing and increasingly competitive world, where efficient use of innovation, technology and modern digital instruments directly affects economic success and business viability.