THE ROLE INNOVATION ON STRATEGIC ORIENTATIONS AND COMPETITIVENESS OF ENTERPRISES

Dragisa Obradovic, and Dragan Obradovic
Additional contact information
Dragisa Obradovic,: UNION University in Belgrade, Serbia
Dragan Obradovic: Agricultural School of Pozarevac, Serbia

EcoForum, 2016, vol. 5, issue 1, 11

Abstract: The most important strategic decisions related to technology in a company related precisely to determine the timing of the election of a new technology that will replace the existing one. By monitoring all the new features will be prevented that the existing technology comes a phase of maturity and obsolescence, and that previously have not been introduced in a timely manner the necessary changes and substitution/replacement of new technologies. The life cycle (already) technology represents the absolute frequency of product and process innovations in the production unit. Timely identification, acquisition and adoption of new technologies will lead to coincide moment of maturity and decline of the old technology and a moment of growth of new technologies. The introduction of new technologies and patents can significantly affect the former structure of enterprises, the production process, method of delivery, financial management, etc. The best example, which is just one of the biggest problems of today, the use of technology as a substitute for labor. By automating processes and using artificial intelligence gradually replaces the human factor in all processes.

Keywords: innovation; strategic orientation; the company; competitiveness. (search for similar items in EconPapers)
Date: 2016
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://ecoforumjournal.ro/index.php/eco/article/view/305/184 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:scm:ecofrm:v:5:y:2016:i:1:p:11

Access Statistics for this article

EcoForum is currently edited by Association of Educational and Cultural Cooperation Suceava

More articles in EcoForum from "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department. Contact information at EDIRC.
Bibliographic data for series maintained by Iulian Condratov ().