«NEW ECONOMY» IN THE CONTEXT OF GLOBAL KNOWLEDGE, INFORMATION AND INNOVATION MANAGEMENT

2019 ◽  
Vol 18 (Vol 18, No 4 (2019)) ◽  
pp. 397-414
Author(s):  
Vitalina KURYLIAK ◽  
Maksym KURYLIAK
Keyword(s):  
Innovation Management ◽  
New Economy ◽  
General Tendency ◽  
Lisbon Strategy ◽  
Global Knowledge ◽  
Chinese Investment ◽  
Technical Potential ◽  
Innovative Products ◽  
National Economies ◽  
Innovation And Entrepreneurship

The article deals with the innovative mechanism of the new economy in the aspects of regional and national peculiarities of its functioning in the global and EU space. The general tendency of strengthening the orientation of national economies towards international trade in services, internationalization of research networks and expansion of creative human resources have been determined. Contrarily, evaluating the results of the Lisbon Strategy has demonstrated the need to prioritize employment, productivity and social cohesion to achieve global leadership. The concentration of scientific and technical potential of the leading countries of the international market on breakthroughs for economic development is an important tendency in the conditions of globalization. It has been shown that the implementation of new economy ideas sharpens competition for the skilled labour as a major component in research, innovation and entrepreneurship. At the same time, there are processes of transition from being an emigration country to being an immigration one. A comparison of EU and Chinese investment policy has been made, demonstrating the potential of using national sources, community mutual funds and fiscal federalization. It has been argued that the development of innovative products through the integration of science and production is an important factor in the development of new economy.

Malaysian Knowledge Society and the Global Knowledge Gap

2003 ◽  
Vol 31 (3) ◽  
pp. 383-397 ◽  
Author(s):  
Hans-Dieter Evers
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Knowledge Economy ◽  
Knowledge Society ◽  
New Economy ◽  
Knowledge Development ◽  
Natural Phenomenon ◽  
Knowledge Gap ◽  
Global Knowledge ◽  
Industrialised Countries

Knowledge has been widely recognised as the most important factor of production in a "new economy". The production, dissemination and utilisation of knowledge are therefore essential for development. Some countries, Malaysia among others, have embarked on an ambitious plan to use knowledge as a base for economic development, by-passing earlier stages of industrialisation. Some commentators have, in contrast, asserted "that it is doubtful that the knowledge revolution will let developing countries leapfrog to higher levels of development" as "the knowledge economy will actually expand the gap between rich and poor" (Persaud, 2001:108). The paper discusses this controversy by arguing that the knowledge-gap (k-gap) is in fact a precondition for development. It is, however, no natural phenomenon but it is constructed by experts and governments. Socio-economic indicators are used to show that the existing global knowledge gap is widening between Southeast Asia and the OECD countries and within ASEAN. Malaysia, whose government has pursued a vigorous strategy of knowledge development is moving ahead of other ASEAN nations, but falling behind industrialised countries. Factors explaining the situation are outlined in this article.

An innovation management assessment framework

2020 ◽  
Vol 27 (5) ◽  
pp. 1633-1656 ◽  
Author(s):  
Stanislaus Lobo ◽  
Premaratne Samaranayake
Keyword(s):  
Six Sigma ◽  
Management Practices ◽  
Innovation Management ◽  
Integrated Approach ◽  
Lean Six Sigma ◽  
Assessment Framework ◽  
Firm Level ◽  
Content Type ◽  
Innovative Products ◽  
New Business

PurposeThis paper proposes an integrated approach for assessing innovation management practices using an innovation management assessment framework, with the application of the innovation management assessment framework at the incubation and firm level.Design/methodology/approachInnovation management assessment framework is developed, based on the literature review. An innovation management assessment framework toolkit for training innovation practitioners is proposed as the basis for the framework implementation in the industry. The main approach is to make close alignment of the design for lean six sigma phases within broader innovation and stage-gate model in the innovation management assessment framework.FindingsThe operationalization of the innovation management assessment framework is enabled and supported by an assessment framework and a toolkit for managing innovation.Practical implicationsA roadmap for innovation management and assessment of performance at incubatee/firm level.Social implicationsIt provides a tool for developing innovative products and services for incubatees in start-ups, thus fueling the economy. It also has applications for ongoing established businesses.Originality/valueInnovation of new business development can be made through a well-designed and implemented innovation programme that is aligned with stage-gate and design for lean six sigma phases through the innovation management assessment framework.

scholarly journals Development of scientific and technical potential in the member states of the Eurasian Economic Union

2020 ◽  
Vol 164 ◽  
pp. 11017 ◽  
Author(s):  
Arthur Gibadullin ◽  
Valentina Pulyaeva ◽  
Tufa Usmanova ◽  
Irina Ivanova ◽  
Larisa Vlasenko
Keyword(s):  
System Analysis ◽  
Member States ◽  
Eurasian Economic Union ◽  
Technological Potential ◽  
Technical Potential ◽  
Digital Development ◽  
Logical Method ◽  
Economic Union ◽  
National Economies ◽  
Internal Costs

The purpose of the article is the analysis and development of scientific and technological potential in the member states of the Eurasian Economic Union. In the presented material, based on the use of the system analysis method, the scientific and technical potential of the Member States of the Eurasian Economic Union was investigated. Then, using the logical method, it was revealed that the number of research centres was reduced, the volume of internal costs for research and development was reduced, and the number of personnel employed in the scientific and technical field was reduced. In the study, using statistical and comparative methods, it was found that up to 90% of the scientific and technical potential is concentrated in the Russian Federation. The paper analyzed the digital transformation of national economies, which established that states have digital potential, created conditions for its development, but there is an uneven distribution of innovative and digital infrastructure in the territory of the Eurasian Economic Union, which complicates the development of scientific and technological potential. In the study, using factor analysis, a conceptual model for the development of scientific and technological potential was proposed, which will ensure a rational and effective policy in the field of innovative and digital development of the member states of the Eurasian Economic Union. In the ending of the study the main conclusions and results of the work are presented.

scholarly journals Formation of innovation policy of the enterprise when entering international markets

2021 ◽  
pp. 19-21
Author(s):  
Anastasiia ZAPOROZHSKA ◽  
Vlasta SHVAHIREVA
Keyword(s):  
New Technologies ◽  
Innovation Policy ◽  
Innovation Management ◽  
Current Method ◽  
Innovative Activity ◽  
Financial Policy ◽  
Competitive Advantages ◽  
Innovative Products ◽  
The Creation ◽  
Economic Formation

Innovative processes are the foundation of the current method of management and a means of providing competitive advantages to individual enterprises (firms), industries, regions, countries. Strengthening the innovative orientation of the socio-economic formation of Ukraine seems to be a strategic task of the national financial policy, guidelines for the creation of a competitive state economy. A significant basis for the development of Ukraine’s competitive advantages in the international arena is the innovative activity of industrial production entities. The formation of innovative activities of current enterprises insists on the development of a fresh mechanism of interaction between producers and customers on the basis of coordination of their interests. Creators of innovative ideas and producers of innovative products (services) are obliged to anticipate the need for new goods, to encourage customers to use new technologies and new products in their activities. Therefore, the innovative activity of the enterprise as soon as possible must be used to use an effective tool – innovation management, which involves the use of tools, methods, technologies of management throughout the formation of innovation policy of the enterprise. The current circumstances of highly competitive markets necessitate the renewal and modernization of production technologies, development and production of new competitive products, the application of new approaches to management and organization of production, which can only guarantee investments aimed at innovation. Thus, the object of scientific research in the area of management of innovation investment processes is to identify more flexible opportunities for mobilization of financial resources and improve the mechanism of their direction to innovative development. Since the creation of innovation policy of the enterprise must focus on the market and the consumer, market research should be conducted, which should be preceded by a thorough study of the innovative product.

Problems and Prospects of Development of Venture Capital Institutions in Russia

2021 ◽  
pp. 81-103
Author(s):  
S. S. Glaziev
Keyword(s):  
Venture Capital ◽  
The United States ◽  
Economic Life ◽  
High Tech ◽  
Investment Environment ◽  
Start Up ◽  
Innovative Products ◽  
History Of ◽  
New Ideas ◽  
National Economies

The relevance of the topic of the article is directly due to the increased interest on the part of government agencies, business circles and the scientific and economic community to the problem of stimulating the processes of creation, replication and economic promotion of innovations, and ultimately-the growing objective need of the national economy in a favorable innovation environment. Venture capital plays a role in maintaining the flow of innovative products in the economies of a number of countries around the world. However, venture capital is still not a well — established phenomenon in most national economies, if we consider this phenomenon as a system that is essential for the search and introduction of new ideas and technologies into socio-economic life, and not as scattered precedents for financing young high-risk, but fast-growing and promising innovative companies. Based on these fundamental provisions, the author of the article, first, describes in detail the subject structure of this system, characterizes the interaction between special funds, start-up companies and their final investors-large high-tech industrial corporations, which in many cases forms the innovative mechanism of venture capital. Secondly, it examines the factors, the history of the formation of venture capital, shows its national specifics, place and functions in specific countries of the modern market-capitalist economy, including the United States, the EU states and Japan. Third, it assesses the Russian innovation and investment environment, the possible role in them and the prospects for the development of venture capital institutions in Russia.

Intermediary Design for Collaborative Ontology-Based Innovation Monitoring

2013 ◽  
pp. 339-353
Author(s):  
Jan Zibuschka ◽  
Uwe Laufs ◽  
Wolf Engelbach
Keyword(s):  
Open Innovation ◽  
Innovation Management ◽  
Relevant Information ◽  
Business Value ◽  
Sustainable Business ◽  
Technical Realization ◽  
Innovative Products ◽  
Automatic Acquisition ◽  
Innovation Processes

This chapter presents the architecture of an intermediary platform for networked open innovation management, as well as a surrounding sustainable business ecosystem. The instantiation presented here is tailored towards SMEs, both as stakeholders in the platform and as contributors in the modular ecosystem. It enables SMEs to work together in creating innovative products, increasing both reach and agility of their innovation processes. The chapter also describes to some detail the technical realization of the system, including the representation and automatic acquisition of relevant information. Selected business aspects are also addressed. It specifically focuses on the role of ontologies and how they contribute to the overall business value of the system.

“With every pair of hands, I get a free brain”

2014 ◽  
Vol 30 (9) ◽  
pp. 25-28
Author(s):  
Peter Totterdill
Keyword(s):  
Coming Out ◽  
Innovation Management ◽  
New Technology ◽  
Content Type ◽  
Individual Potential ◽  
Workplace Innovation ◽  
The Relationship ◽  
Research Director ◽  
Practical Implications ◽  
Innovation And Entrepreneurship

Purpose – This paper aims to discuss the interview held with Professor John Bessant conducted by Professor Peter Totterdill. John Bessant has been active in research, teaching and consultancy in technology and innovation management for over 25 years. He currently holds the Chair in Innovation and Entrepreneurship at Exeter University where he is also Research Director. Design/methodology/approach – This wide-ranging and insightful interview looks at the challenges of implementing workplace innovation and the realities involved in the process. It covers questions concerning the importance of innovation to businesses coming out of recession and the relationship between employee involvement and innovation. Findings – Professor Bessant also discusses the challenge of releasing individual potential and how to harness random creativity. He looks at the “starter conditions” for workplace innovation as well as the factors that mitigate against sustaining it. Practical implications – Key to sustaining workplace innovation, he argues, are a number of elements including momentum, self-belief and confidence, appropriate resource, leadership and empowerment. In addition, the implementation of workplace innovation does not occur as one big hit but a series of small steps which evolve and develop. Originality/value – New technology via intranets and social media also help to mobilise a lot more participation. Technology now provides the potential to reach every employee and their involvement can be instantaneous. This can create a notion of shared creativity, the Facebook process of “good idea, I like that, why don’t you try that?”

Managing Innovation

2020 ◽  
pp. 205-216
Author(s):  
Siao Fong Tan
Keyword(s):  
Strategic Management ◽  
Technological Innovation ◽  
Product Innovation ◽  
Innovation Management ◽  
Innovation Strategy ◽  
Consumer Attitude ◽  
Technological Advancement ◽  
Strategy Formulation ◽  
Innovative Strategy ◽  
Innovative Products

This study emphasizes the overview of technology innovation that comprises the definition and the technological innovation categories distinction; the overview of consumer attitude towards product innovation focused on the consumer demand on innovative products, the stimulus purchasing factor, and the consumer satisfactory factors over product innovation; overview of sustainability innovation; innovation management as part of the strategic management; and challenges on innovative strategy formulation and implementation. Innovation strategy formulation requires detailed assessments on potential technological advancement, consumers' attitudes on innovative products, and sustainability impact on innovative initiatives. Innovation strategy is perceived as part of the strategic management, and the implementation depends on intra-organizational factors. The employee innovation adoptions as the connection between technological innovation, consumer behavior towards product innovation, and innovative sustainability for innovation strategy formulation can be further studied.

Human Capital of Transnational Corporations

10.12737/5963 ◽  
2014 ◽  
Vol 2 (5) ◽  
pp. 27-34
Author(s):  
Сухов ◽  
Andrey Sukhov
Keyword(s):  
Human Capital ◽  
Global Economy ◽  
Transnational Corporations ◽  
World Market ◽  
Economic Relations ◽  
Globalizing World ◽  
Technical Potential ◽  
National Economies ◽  
Principal Elements

The paper examines human capital of transnational corporations (TNC), as being nowadays the basic subjects of global economic relations and the principal elements of the global economy development. Human capital structure of TNCs is considered, specifics of its formation under the conditions of the ongoing process of production and capital transnationalization are featured. The range of TNCs’ businesses and their specific features are outlined, as well as current strategies, applied by modern TNCs, and various ways through which TNCs tap the world market in the context of globalizing world economy. The author reveals the crucial role of TNCs in developing cutting-edge technologies and scientific and technical potential of national economies, which in turn helps to develop and enhance human capital of TNCs and of international human capital as well.

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