 INNOVATION AND COMPETITIVENESSDan Andrei Marincean ()
Annals of Faculty of Economics, 2019, vol. 1, issue 2, 385-394 Abstract: This study, addresses the topic of industrial innovation in today's competitive markets and reaches the importance of competitiveness indicators. Any entrepreneurial attempt to produce and promote new and up-to-date products should be carried out, following appropriate mathematical calculations, based on the study of competition, through competitiveness indicators. The concept of innovation will be further investigated in terms of its influence, on industrialized environments. Industrial innovation is conditioned by several specific factors, among which we can list: clear business strategies; setting clearly formulated objectives; correct financing within management programs that benefit the entire innovation activity; the existence of a competent team, that can solve the problems that arise during the innovation projects; the existence of a clear and correct procedure for evaluating the results and the work of the people employed; the existence of a competitive climate inside the company and outside of it, etc. Innovation deals primarily with the introduction of new concepts and values. The present study, serves the tranzition from conceptualizing competition and competitiveness, through competition indicators, to an easier understanding of innovation, as a necessity for future industrial and commercial development. Of course, the stages of a successful innovative-creative plan includes calculations of competitiveness and market studies, all of which form the object of the activity of some institutions dealing with the part of industrial research and development. The part of economic calculations is summarized in this plan, to a set of formulas and calculations of competitive indicators, which need to be drawn up more for the study of innovation, than for the part of entrepreneurial competitiveness. This is why a breakdown between the innovation part and the study part of the competitiveness indicators, can be produced here. It is important to research in this context also the fact that innovation management, as well as technological management, approaches innovation from an organizational point of view. Innovation in the organizational context, is aimed primarily at the renewal of products and technologies, but also the application of organizational management norms. Innovation management is defined as part of performance management. The innovation rules must be formulated in accordance with the competition rules, hence the need to study the competitiveness indicators in relation to the market and the degree of industrialization. Also, in the future, it becomes imperative to regulate innovation management, stressing that innovation and competition must be controlled with the help of the state or some control and evaluation institutions. Keywords: competition;; innovation;; invention;; performance;; creative; value (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:1:y:2019:i:2:p:385-394 Access Statistics for this article More articles in Annals of Faculty of Economics from University of Oradea, Faculty of Economics Contact information at EDIRC. |
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