scholarly journals FORMATION OF THE STRATEGY OF FORWARD-LOOKING INNOVATIVE DEVELOPMENT IN INDUSTRY 4.0

2019 ◽  
pp. 53-61 ◽  
Author(s):  
Nataliia Letunovska ◽  
Liudmyla Saher ◽  
Liubov Syhyda
Keyword(s):  
Industry 4.0 ◽  
Global Scale ◽  
Global Market ◽  
Innovative Activity ◽  
Added Value ◽  
Innovative Development ◽  
Leading Enterprises ◽  
Additional Value ◽  
Theoretical Foundations ◽  
Forward Looking

Introduction. The issue of the enterprises’ innovative activity intensification is one of the most important in the current conditions. Especially, if we take into account the increasing influence of Industry 4.0. Today, Industry 4.0 defines development trends for most enterprises, aiming to increase their own competitive advantage and strengthen their position in the global market. Most of the world's leading enterprises have already actively considered challenges of Industry 4.0 in their innovative activities. It allows them to find new solutions and achieve the desired results at lower costs and with higher added value. Accordingly, there is a need for adaptation of enterprises’ innovative activity to Industry 4.0. That is the reason why the concept of “strategy of forward-looking innovation development” is formed. And this concept requires further detailed research. Purpose. The article aims to analyse the process of the strategy of forward-looking innovative development forming as an important part of enterprises' innovative activity in the conditions and trends of Industry 4.0. Method (methodology). In the article, the following methods of scientific research have been used: method of system and structural and logical analysis (in the study of the theoretical foundations of innovative activity and the essence of Industry 4.0); method of comparative analysis and method of generalization ( in researching the scientists’ opinions on the stages of strategy of innovative development formation and the development of the author's vision of the process of the strategy of a forward-looking innovative development implementation). Results. The conducted research has allowed to obtain the following results: the features of the forward-looking economic development are defined; specifics of enterprise's innovative activity are identified; and the main factors of influence are determined; the essence and trends of the Industry 4.0 on a global scale are analysed, the main areas of Industry 4.0 achievements’ implementation at enterprises and the ways of additional value creation are analysed; the stages of the strategy of innovative development forming at the enterprises, offered by domestic and foreign scientists, are considered, and the stages of the strategy of forward-looking innovative development formation in the conditions of Industry 4.0 are determined.

scholarly journals GENERATING AN ENTERPRISE INNOVATION DEVELOPMENT STRATEGY IN THE CONTEXT OF INDUSTRY 4.0

2021 ◽  
Vol 10 (34) ◽  
Author(s):  
A.A KUZUBOV ◽  
◽  
N.V SHASHLO ◽  
Keyword(s):  
Development Strategy ◽  
Industry 4.0 ◽  
World Market ◽  
Global Scale ◽  
Added Value ◽  
Innovative Development ◽  
Stages Of Development ◽  
Innovation Activities ◽  
Enterprise Innovation ◽  
Leading Enterprises

The issue of intensification of innovative activity by enterprises is becoming one of the defining issues in modern conditions of their activity, especially if we take into account the ever-growing influence of Industry 4.0. today, it is industry 4.0 that determines the development trends for most enterprises that aim to increase their own competitive advantages and strengthen their positions in the world market. Most of the world's leading enterprises are already actively intertwining their own innovation activities with the challenges of Industry 4.0, which allows them to find new solutions and achieve the desired results at lower costs and with greater added value. Accordingly, there is a need to adapt innovation to Industry 4.0, which is influenced by the concept of "strategy for innovative development", which requires further detailed research. The article defines the features of economic development, innovation and the main factors of influence. The article examines the essence and trends of Industry 4.0 on a global scale, analyzes and highlights the main areas of implementation of Industry 4.0 achievements in enterprises, as well as ways to create surplus value. The stages of development of strategy of innovative development of enterprises, proposed by Russian and foreign scientists, and the stages of development of strategy of innovative development in the context of Industry 4.0

scholarly journals Innovation performance of biotechnology firms in Bulgaria: opportunities for enhancing

2021 ◽  
Vol 5 (2) ◽  
pp. 104-114
Author(s):  
Teofana Dimitrova ◽  
Trayan Yosifov
Keyword(s):  
Market Orientation ◽  
Knowledge Integration ◽  
Global Market ◽  
Innovation Performance ◽  
Added Value ◽  
Situational Analysis ◽  
Innovative Development ◽  
Main Research ◽  
Biotechnology Firms ◽  
Data Content

This paper deals with the investigation of the possibilities to improve the innovation performance in Bulgarian biotechnology firms. The main research purpose is to analyze Bulgaria's position concerning the innovative development of bio-based production. Methodological tools of the research methods were processing quantitative data, content analysis, and comparative situational analysis in combination with dynamic graphic analysis. The results of the research showed that there is a significant deficit in Bulgaria in the innovative development of biotechnology firms. The enhancement of the innovative biotechnological state of Bulgarian firms is a matter of great importance to their successful production and market performance on both the local and international markets. A small number of firms manage to find an adequate solution to creating stable market advantages and face insurmountable difficulties in trying to make it on the global market. Furthermore, Bulgaria's membership in the EU creates additional formal demands for providing a high quality of the production process, putting the local biotechnology firms in an even more challenging position. It suggests that companies need to focus their attention on producing goods with high added value (which is the basis of innovation) and applying and perfecting successful market-oriented approaches. In that relation, the arguments were summarized for the practical benefits of designing a complete model focused on biotechnology firms' market orientation, which is of crucial importance for their long-term innovative development. The study presents an author's conceptual model for measuring innovation performance of biotechnology firms which contains three constructs: market orientation, knowledge integration orientation, R&D effectiveness. The results from the conducted research could be helpful to research and practice R&D developers of firms with an established presence and long market history and upstart enterprises that cannot rely on income from their market activity, market or production experience.

scholarly journals Next Generation Industrial IoT Digitalization for Traceability in Metal Manufacturing Industry: A Case Study of Industry 4.0

Electronics ◽  
2021 ◽  
Vol 10 (5) ◽  
pp. 628
Author(s):  
Michail J. Beliatis ◽  
Kasper Jensen ◽  
Lars Ellegaard ◽  
Annabeth Aagaard ◽  
Mirko Presser
Keyword(s):  
Industry 4.0 ◽  
Manufacturing Industry ◽  
Careful Consideration ◽  
Added Value ◽  
Shop Floor ◽  
Circuit Boards ◽  
Next Generation ◽  
Road Map ◽  
Industrial Iot ◽  
Production Cycles

This paper investigates digital traceability technologies taking careful consideration of the company’s needs to improve the traceability of products at the production of GPV Group as well as the efficiency and added value in their production cycles. GPV is primarily an electronics manufacturing service company (EMS) that manufactures electronic circuit boards, in addition to big metal products at their mechanics manufacturing sites. The company aims to embrace the next generation IoT technologies such as digital traceability in their internal supply chain at manufacturing sites in order to stay compatible with the Industry 4.0 requirements. In this paper, the capabilities of suitable digital traceability technologies are screened together with the actual GPV needs to determine if deployment of such technologies would benefit GPV shop floor operations and can solve the issues they face due to a lack of traceability. The traceability term refers to tracking the geolocation of products throughout the manufacturing steps and how that functionality can foster further optimization of the manufacturing processes. The paper focuses on comparing different IoT technologies and analyze their positive and negative attributes to identify a suitable technological solution for product traceability in the metal manufacturing industry. Finally, the paper proposes a suitable implementation road map for GPV, which can also be adopted from other metal manufacturing industries to deploy Industry 4.0 traceability at shop floor level.

STRATEGIC PROSPECTS FOR INNOVATION DEVELOPMENT OF AGRICULTURAL SECTOR OF CHERKASY REGION

2017 ◽  
Author(s):  
Viktoriia Zhmudenko ◽  
◽  
Mykola Diachenko ◽  
Keyword(s):  
Development Strategy ◽  
Agricultural Sector ◽  
Raw Materials ◽  
Industrial Sector ◽  
State Regulation ◽  
Innovative Activity ◽  
Innovative Development ◽  
Agricultural Enterprises ◽  
Industrial Enterprises ◽  
Effective Development

The article analyzes the current state of production activities of the agricultural sector of Cherkasy region economy, its organizational and legal structures and identifies strategic directions for its development. It is proved that the priority solution of urgent problems, such as: redistribution of land and property; restructuring of enterprises and forms of management; development of cooperation; introduction of market management methods - management and marketing; state regulation of the agricultural economy, financial, credit and tax systems; development of markets for agricultural products, material and technical resources and services; intensification and diversification of foreign economic activity will contribute to the development of the agro-industrial sphere of Cherkasy region. It is determined that the years 2021-2027 should be considered the strategic period, during which the provision of the country's population with food at the level of scientifically sound standards, growth of export potential and reduction of imports should be achieved. The necessity of introduction of innovative activity and process of innovations introduction in the production activity of the agricultural enterprises which are a basis of economic growth is proved. Obstacles to the innovative development of the regional agricultural sector are analyzed. The priority directions of innovative development of agro-industrial enterprises are indicated. The need to develop an innovative policy of agricultural enterprises in order to increase the efficiency of their operation is determined. It is noted that the priority of the agro-industrial sector development of Cherkasy region and its leading industries will provide the population with food products, industry with raw materials, and foreign trade with the export goods. It is established that innovative activity in agricultural enterprises is a decisive factor in the effective development and increase of agricultural production, significant changes in its structure, reassessment of the motivation system that meet the current principles of the Cherkasy Region Development Strategy for 2021-2027, which determines key vectors of the region in the long-term.

The Theoretical Origins of Management of Innovation Entrepreneurship Development

2021 ◽  
pp. 247-257
Author(s):  
Mariia Buhaieva ◽  
◽  
Sofia Demchenko ◽  
Keyword(s):  
Management System ◽  
Innovation Policy ◽  
The State ◽  
Innovative Activity ◽  
Innovative Development ◽  
Internal Environment ◽  
Entrepreneurship Development ◽  
Management Actions ◽  
Management Of Innovation ◽  
Comprehensive Study

The development of any economic system involves the transformation of the basic characteristics of its participants. In this case, the development itself can be both traditional and innovative. Currently, it is important to consider the innovative type of development at the enterprise level, which means a purposeful process of finding ideas, preparing innovations and their implementation, to increase their efficiency, and for society - to increase needs, the state - to increase the competitiveness of national products in the international market. It is obvious that the development of innovative activity of the enterprise is one of the decisive factors of its successful development. The purpose of this study is a comprehensive study of the theoretical origins of management of innovative entrepreneurship, the formation of a systematic view of the features of innovation management of the enterprise in modern business conditions. A comprehensive study of the theoretical origins of management of innovative entrepreneurship development was carried out, in particular, the emergence of views on the essence of such concepts as “innovation”, “innovative enterprise”, “innovative entrepreneurship”, “development of innovative entrepreneurship” were analyzed in the article. The authors suggest their own interpretation of such categories taking into account the analysis of domestic and foreign approaches and theoretical provisions for this problems in the modern understanding. Also, a systematic presentation of the features of management of the innovative activity of an enterprise in modern economic conditions was formed. The authors believe that for successful management of innovative development of the enterprise there should be a "smart" management system of innovative development of the enterprise. The purpose of the IDE management is to increase the competitiveness of the enterprise - the stable market position for continuous development in a constantly changing external and internal environment. Features of managing the development of innovative entrepreneurship at the present stage are the following: the ability and readiness of the economic entity to positive change, progress; the sequence of management actions that realize the innovation potential; quantitative changes in the relevant "growth points"; qualitative changes based on cooperation and rivalry between market participants for better conditions of production, purchase and sale of goods. It should be noted that management of innovation entrepreneurship development should have the support of the state in the context of Ukraine's innovation policy. The prospects for further research are related to the improvement of the innovation entrepreneurship management system as a key element for increasing the competitiveness of modern enterprises in a constantly changing external and internal environment.

Modeling the efficiency of project management of corporate innovation activity

2021 ◽  
Author(s):  
Idelya Badykova
Keyword(s):  
Project Management ◽  
Organizational Effectiveness ◽  
Positive Relationship ◽  
Innovative Activity ◽  
Innovation Activity ◽  
Innovative Development ◽  
Russian Economy ◽  
Corporate Innovation ◽  
Corporate Social

The role of innovation in the economy development is extremely significant. Within the framework of this work, the innovative activity of enterprises and its relation to corporate social responsibility (CSR) is of particular interest. This study is aimed at modeling the project management of corporate innovation activity on the basis of CSR. The results obtained by the author for the Russian economy suggest that there is a positive relationship between the level of innovative development and CSR, both in general and in terms of investments in the transformation of human capital. In this regard, the model of project management of corporate innovation activity based on CSR is proposed. Author suggests, that this model's implementation for companies is promising, since transition to such a model should be resulted in an increase in the innovation activity of companies, regions and the whole country, as well as an increase in the economic, social and organizational effectiveness of innovative activity.

scholarly journals Multi-model subseasonal forecasts of spring cold spells: potential value for the hazelnut agribusiness

2020 ◽  
Author(s):  
Paolo Ruggieri ◽  
Stefano Materia ◽  
Angel G. Muñoz ◽  
M.Carmen Alvarez Castro ◽  
Simon J. Mason ◽  
...  
Keyword(s):  
Black Sea ◽  
Extreme Event ◽  
Global Scale ◽  
Mitigation Strategies ◽  
Added Value ◽  
Economic Sectors ◽  
Near Surface ◽  
Black Sea Region ◽  
Probabilistic Forecasts ◽  
Spring Frosts

<p>Producing probabilistic subseasonal forecasts of extreme events up to six weeks in advance is crucial for many economic sectors. In agribusiness, this time-scale is particularly critical because it allows for mitigation strategies to be adopted for counteracting weather hazards and taking advantage of opportunities.<br>For example, spring frosts are detrimental for many nut trees, resulting in dramatic losses at harvest time. To explore subseasonal forecast quality in boreal spring, identified as one of the most sensitive times of the year by agribusiness end-users, we build a multi-system ensemble using four models involved in the Subseasonal-to-Seasonal (S2S) Prediction Project. Two-meter temperature forecasts are used to analyze cold spell predictions in the coastal Black Sea region, an area that is a global leader in the production of hazelnuts. When analyzed at global scale, the multi-system ensemble probabilistic forecasts for near-surface temperature is better than climatological values for several regions, especially the Tropics, even many weeks in advance; however, in coastal Black Sea skill is low after the second forecast week. When cold spells are predicted instead of near-surface temperatures, skill improves for the region, and the forecasts prove to contain potentially useful information to stakeholders willing to put mitigation plans into effect. Using a cost-loss model approach for the first time in this context, we show that there is added value of having such a forecast system instead of a business-as-usual strategy, not only for predictions released one to two weeks ahead of the extreme event, but also at longer lead-times.</p>

scholarly journals Does the New Industrial Strategy for Europe Follow the Path of the Concept of Industry 4.0?

2021 ◽  
Vol 25 (1) ◽  
pp. 85-102
Author(s):  
Aleksandra Borowicz
Keyword(s):  
European Union ◽  
European Commission ◽  
Industry 4.0 ◽  
Added Value ◽  
The European Union ◽  
Review Of The Literature ◽  
Digital Revolution ◽  
Quantitative And Qualitative Research ◽  
New Strategy ◽  
European Industry

The concept of Industry 4.0 turns 10 years old in 2021. This milestone calls for renewed inquiries to review the current efforts of the European Union (EU) and its Member States towards the modernisation of European industry. In 2018, the European Commission published the Digital Transformation Scoreboard 2018: EU businesses go digital: Opportunities, outcomes and uptake, which reports on the readiness for the digital revolution focused on building an economy in line with the concept of Industry 4.0 at three levels: European, national, and business. This study shows how much still remains to be done. At the same time, it identifies some of the key elements contributing to the success in this area, i.e., the digitisation of machines, Big Data, robotics and artificial intelligence, which represent the very essence of the idea of revolution 4.0. The aim of the paper is to determine the extent to which the new strategy for industry proposed by the European Commission in 2020 follows the concept of Industry 4.0. Quantitative and qualitative research methods were used. Statistical analysis was used to demonstrate the importance of industry in the economy of the European Union between 1998 and 2019 in terms of the share in the added value created and the significance for the labour market. The descriptive methods used include a review of the literature and research on the concept of Industry 4.0 and an analysis of the latest strategic documents of the European Commission (EC) in relation to industrial policy.

Laying the Foundation of Industry 4.0 by Forward-Looking Planning of Innovation

2018 ◽  
pp. 165-173
Author(s):  
Thomas W. Schmidt ◽  
Li Chuan Lillian Tseng ◽  
Christina Rothenhaeusler
Keyword(s):  
Industry 4.0 ◽  
Forward Looking
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