Ramadani, Veland and Gerguri, Shqipe (2010): Innovation: Principles and Strategies.
Download (474kB) | Preview
Competition between companies differentiates a lot nowadays compared to many years before. They compete in "nicety" that are so small but so important. Companies are trying to achieve competitive advantage in order to help them obtain a better and a stable position in the marketplace. The best way for companies to achieve a competitive advantage is through innovation. This paper addresses the meaning of innovation what does innovation present, types of innovation specifically discussing the right way of usage. In order for companies to get the as more innovations as possible it is necessary for them to be familiar with the process of innovation and its principles which innovation was found on. There are several types of innovation or ways in which companies can achieve innovation in a level of whole organization. This paper discusses the ways how that can be achieved, starting from their products and services, ways of selling, supply ect. Innovation is essential for sustainable growth and economic development. Several core conditions enable innovation and encourage economic growth. In the modern economy, innovation is crucial for value creation, growth and employment and innovation processes take place at the enterprise, regional and national level. Innovation will lead to new businesses as well as to the increased competitiveness of existing enterprises. In this paper are not covered all the characteristics of innovation but it presents a very good basis for a proper usage of innovation and ways of transforming it in competitive advantage for companies. Also this paper identifies the impact that innovation has on economic growth.
|Item Type:||MPRA Paper|
|Original Title:||Innovation: Principles and Strategies|
|Keywords:||innovation, types of innovation, principles and strategies of innovation, sources of innovation|
|Subjects:||A - General Economics and Teaching > A2 - Economics Education and Teaching of Economics > A22 - Undergraduate
A - General Economics and Teaching > A1 - General Economics > A10 - General
|Depositing User:||Veland Ramadani|
|Date Deposited:||26. Apr 2010 06:09|
|Last Modified:||17. Mar 2014 07:01|
1. Analytica (2007), EU Approximation in Macedonia: Progress in Science and Research and Information Society, Analyticathinking Laboratory.
2. Benjamin, S. M. (2008), Fixing Innovation Policy: A Structural Perspective, Duke Law School Legal Studies, Research Paper No. 218.
3. Cannon, T. (1991), Enterprise: Creation, Development and Growth, Butterworth, Oxford, UK.
4. Cobbenhagen, J. (2000), Succesful Innovation:Towards a New Theory for the Management of Small and Medium sized Enterprises, Edward Elgar Publishing, Inc., Northampton, USA.
5. Dawson, R, (2002), Living Networks Anniversary Edition, Leading your Company, Customers and Partners in the Hyperconnected Economy Financial Times/ Prentice Hall, USA.
6. De Ridder P. (2008), Sources of Innovation: Where do business leaders think ideas & innovation come from?, http://www.openinnovators.net/sources-of-innovation-where-do-business-leaders-think -ideas-innovation-come-from/.
7. Drucker P. F. (1993), Innovation and Entrepreneurship, Harper&Row Publishers Inc., New York, USA.
8. Feldman, M. (2004), The Significance of Innovation, Rotman School of Management University of Toronto.
9. Fingar, P. (2006), Extreme Competition: Innovation and the Great 21st Century Business Reformation, Meghan-Kiffer Press, Florida, USA.
10. Fiti, T., Markovska, H. V., and Bateman, M. (2007), Pretpriemnishtvo, Ekonomski Fakultet, Skopje, Macedonia.
11. Harvard Business Essential (2003), Managing Creativity and Innovation, Harvard Business School Press, Boston, USA, 2003.
12. Horn, P., Maxwell, E. and Crawford, S. (2004), Promoting Innovation and Economic Growth: the special problem of digital intellectual property, A Report by the Digital Connections Council of the Committee for Economic Development
13. McDaniel B. A. (2002), Entreprneurship and Innovation: An Economic Approach, M.E Sharpe, London, England.
14. Sandberg, L. G. (1982): “Ignorance, Poverty and Economic Backwardness in the Early Stages of Euorpean Industrialization: Variations on Alexandre Gerschenkron’s Grand Theme,” Journal of European Economic History, 11(3), 675–97.
15. Scarborough N. M. and Zimmerer Th. W. (2006), Effective Small Business Management:An Entrepreneuril Approach, 8th edition, Pearson PrenticeHall, New Jersey, USA.
16. Shuklev, B. (2006), Menaxhment na maliot biznis, Ekonomski Fakultet, Skopje, Macedonia.
17. Smets, J. and Dombrecht, M., (2001), How to Promote Economic Growth in the Euro Area, MPg Books Ltd, Bodmin, Cornwall.
18. Stam, E. (2008), Entrepreneurship and Innovation Policy, Jena Economic Research papers, ISSN 1864-7057.
19. Torun, H., and Çiçekci H. T. (2007), Innovation: Is the engine for the economic growth?, Ege University, Izmir, Turkey.
20. Zimmerer, T. W. and Scarborough N. M. (2002), Essential of Entrepreneurship and Small Business Management, 3rd edition, PrenticeHall, New Jersey, USA.
21. Zuleeg, F. Green, J. and Schubert, B. C. (2007), Cultivating a Market for Innovation in Europe, Policy Brief of the European Policy Centre.