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Different approaches to managing innovation activities

  1. TitleDifferent approaches to managing innovation activities
    Subtitlean analysis of strong, moderate, and modest innovators
    Author infoViktor Prokop, Jan Stejskal
    Author Prokop Viktor (50%)
    Co-authors Stejskal Jan (50%)
    Source document Inžinerinė ekonomika. Vol. 28, no. 1 (2017), pp. 47-55. - Kaunas : Kauno technologijos universitetas, 2017
    Keywords inovácie - innovations   manažment inovácií - inovačný manažment - innovation management   entrepreneurs  
    LanguageEnglish
    CountryLithuania
    systematics 330
    AnnotationIn the present day, innovation has become a key element of competitive advantage. However, most countries are failing in their innovative activities, and their innovative performance is below that of the EU average. Therefore, the European Commission annually publishes its Innovation Union Scoreboard, which provides a comparative assessment of the EU member states' research and innovation performance. The countries are divided into four groups according to their innovation performance: innovation leaders, strong innovators, moderate innovators, and modest innovators. In this paper, we have selected countries whose innovation performance was close to, below, or well below that of the EU average in 2015, and we have performed microeconomic analysis of the situation in these countries' firms to analyse the conditions of their innovation environment and uncover barriers to their innovation activities. We analysed firms in the manufacturing industries in Slovenia (a strong innovator), Croatia (a moderate innovator), and Romania (a modest innovator) by using original multiple regression models and data from the 2010-2012 Community Innovation Survey. The results demonstrate the different backgrounds for innovation in each country. In Romania, there is a lack of both a satisfactory environment for innovation and sufficient capacity for absorbing public funds; investment into innovation-related activities is also absent. In Croatia, the innovation potential has not been fully exploited. However, we show that the appropriate targeting of innovation determinants (e.g., collaboration with different partners or public financing) could lead to the creation of synergies and spillover effects that would be able to support their innovative activities and strengthen the country's competitiveness. There is a completely different situation in Slovenia. Firms there effectively utilize the various determinants of innovation activities, and these determinants have strong influence when utilized on their own. On the other hand, results also show that certain significant combinations of determinants of innovation activities are missing in Slovenia. In conclusion, we have proposed practical implications for policy makers that would be able to support innovative activities and help each country to improve its innovation ranking.
    URLhttp://gateway.isiknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=Alerting&SrcApp=Alerting&DestApp=WOS&DestLinkType=FullRecord&UT=WOS:000396637100005
    Public work category ADM
    No. of Archival CopyE3598
    Repercussion category BELAS, Jaroslav - RAHMAN, Ashiqur - RAHMAN, M. Twyeafur - SCHONFELD, Jaroslav. Financial constraints on innovative SMEs : empirical evidence from the Visegrad countries. In Inzinerine ekonomika. ISSN 1392-2785, 2017, vol. 28, no. 5, pp. 552-563.
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    KLÍMOVÁ, Viktorie - ŽÍTEK, Vladimír - KRÁLOVÁ, Maria. How public R&D support affects research activity of enterprises : evidence from the Czech Republic. In Journal of the knowledge economy [online]. 2019, vol. 9, no. 36, pp. 1-20 [cit. 2019-02-05]. ISSN 1868-7873. Dostupné na: https://link.springer.com/content/pdf/10.1007%2Fs13132-019-0580-2.pdf
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    Catal.org.BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici
    Databasexpca - PUBLIKAČNÁ ČINNOSŤ
    ReferencesPERIODIKÁ-Súborný záznam periodika
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Number of the records: 1  

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