The problem of forest management is considered from the standpoint of a multifunctional conceptual model of forest management and ecological requirements.

The article is devoted to theoretical and methodological issues of defining the essence, role and place of multifunctional forest economy (MFFE) from the perspective of the scientific rationale of the state forest policy, which contributes to transference of the forest sector to the innovative basis with the emphasis on the regeneration issues. The system-regeneration approach is used as a methodological tool, which is the combination of principles and analysis of the forest sector as a complicated social-economical system based on the methodology of the regeneration process. On the basis of objective economic laws and regulations, a political-economic analysis is carried out to find out the system interrelation of the quality of forest resource use and productivity of social labour in the forest sector. Common features in the circulation of the functions of forestry capable of creating a special form of an innovation, gross innovational forestry product are identified. A model of a multifunctional forestry providing an opportunity to predict the characteristics of innovational products in complex systems is suggested. This model makes the basis for research of the innovative changes potentional for modernization of the innovative forest product.