The article deals with innovative and sustainable strategies and approaches to the implementation of technical and technological development at the enterprises in order to strengthen their competitive position in the market and to boost their economic security. We employ the case study of Ukraine in order to provide a practical example of enterprise development. Our paper analyzes Ukraine’s position in the global competitive environment. Moreover, we show the relationship between the technical, technological, and innovative development of enterprises and draw some conclusions from that comparisons. Based on our analysis and our empirical results, we propose several measures aimed at increasing the level of technical and technological development.