Development of a model for monitoring the needs for innovation in furniture enterprises in Bulgaria

Popova-Terziyska, Radostina and Neykov, Nikolay and Georgieva, Daniela (2021): Development of a model for monitoring the needs for innovation in furniture enterprises in Bulgaria. Published in: Journal of management Information and Decision Sciences , Vol. 5, No. 24 (October 2021): pp. 1-7.

Abstract

There is a variety of methods for assessing and modelling the innovation factors that are presented in the specialized literature. However, out of the scope of those analyses is the use of the “First Alert” or the “signal line” approach. Through it the enterprises can analyze their need for innovation activities and the extent to which those innovations are needed. The main goal of the present study is to develop and analyze to use of a to make a decision whenever Bulgarian furniture enterprises have to implement innovation. The applied research methods are based on the logical, deductive, and comparative methods, as well as the “signal line” approach. This study proposes for the first time the use of a pan-European revenue regression curve and the number of innovative enterprises. The results show that the innovation activities must be, first of all, focused on the staff and then on the assets that the entity possesses and use. The results of the study support the development of the literature by presenting a more in-depth analysis of the possible ways to use the national statistical institute data for planning the innovation activities by furniture enterprises

• Item Type: MPRA Paper
• Language: English
• Keywords: innovation, furniture enterprises, modelling for monitoring
• Subjects: M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration > M10 - General; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O30 - General

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