Abstract
The article is devoted to the issues of building innovative potential that ensures the economic growth of the Republic of Uzbekistan. Based on statistical data, the article discusses the factors stimulating the introduction of effective mechanisms for managing innovative activities at the enterprises of the furniture industry of the republic. The author shows the difference between the regions in the process of introducing innovations, analyzes the dynamics of innovative changes from 2012 to 2018. Using the example of the FAYZ Holding company, it analyzes the effectiveness of innovation management, identifies the most effective mechanisms that ensure the growth of economic indicators. It is concluded that a special role in the development of the innovative potential of the enterprise is played by the attraction of investments and the use of new, more economical methods of production.