Innovation and Creativity Used by Private Sector Firms in a Resources-Constrained Environment

2018 ◽  
pp. 219-238 ◽  
Author(s):  
Hoang Thanh Nguyen ◽  
Scott A. Hipsher
Keyword(s):  
Economic Development ◽  
Developing Economies ◽  
Business Owners ◽  
Field Observations ◽  
Competitive Advantages ◽  
Technology Advancement ◽  
Social And Economic Development ◽  
Business Opportunities ◽  
New Business ◽  
Micro Enterprises

While innovation has become a popular topic when advocating for technology advancement and enhancing innovative processes in firms in both developed and developing economies, innovation in the context of micro-enterprises in emerging economies, such as Vietnam is not well understood nor has the topic been examined thoroughly. This chapter, in addition to looking at innovation within a micro-entrepreneurial context, includes a review of the academic literature on innovation, entrepreneurship, creativity, competitive advantages, and knowledge as some of the main drivers for social and economic development. Based on the field observations and interviews, it appears business owners of micro-enterprises in Vietnam might often use innovation by depending on their own individual adaptability and creativity to advance business opportunities by building upon existing knowledge as opposed to creating an entirely new business model or concept. Awareness of the nature of innovation within micro-enterprises could be helpful in designing governmental policies which are intended to create conditions which foster innovation and reduce throughout all levels of society and could have a role in reducing poverty.

scholarly journals ORGANIZATIONAL AND ECONOMIC MEASURES OF TOURISM DEVELOPMENT ON THE EXAMPLE OF THE AVANGARD UNITED TERRITORIAL COMMUNITY OF ODESSA REGION

2019 ◽  
Vol 11 (3) ◽  
Author(s):  
Dobrianskа N. ◽  
Nikoliuk O. ◽  
Lebedieva V.
Keyword(s):  
Economic Development ◽  
Tourism Development ◽  
The State ◽  
Competitive Advantages ◽  
Development Trends ◽  
Social And Economic Development ◽  
Financial Plan ◽  
The Future ◽  
Tourism Resources ◽  
The Creation

The article has analyzed the dynamics of the creation of the united territorial communities (UTC) inthe Odessa region and Ukraine, the state and development trends of the tourism resources market in theOdessa region were studied, and the main problems of tourism development were identified, the SWOT m atrix – the analysis of the tourism activities of the united territorial community was built, strengths and weaknesses, opportunities and threats of further social and economic development of the society were identified,the main competitive advantages of the territorial community were identified, the dynamics of the development of the tourism infrastructure of the united territorial community were investigated, a one-day touristroute for the united territorial community - “I love you Avangard” was worked out, strategic directions for thedevelopment of the tourism business were identified, a financial plan for the development of the united territorial community of the future for the implementation of strategic areas of tourism was proposed.

scholarly journals FORMATION AND REALIZATION OF THE MECHANISM OF COMMERCIALIZATION OF THE RESULTS OF INNOVATION ACTIVITY

2021 ◽  
pp. 37-46
Author(s):  
Alona Poltoratska ◽  
Tetiana Stovba ◽  
Alona Hrebennikova
Keyword(s):  
Economic Development ◽  
Innovation Activity ◽  
Competitive Advantages ◽  
Conceptual Approach ◽  
Scientific Methods ◽  
Social And Economic Development ◽  
Analysis And Synthesis ◽  
Important Challenge ◽  
General Scientific

Introduction. Introduction. Innovation is an integral factor of social and economic development, which accompanied mankind from the beginning of civilization. Over the past decade, you can observe a significant increase in expenditures for innovation activity and growing interest in the topic of innovation, since technological changes and innovations are often perceived as an influential process that opens opportunities for the benefits of society, as well as social security. Particular attention is paid to the commercialization of innovation, since they are a fundamental condition for the development of both micro-and macroeconomic aspects in the context of their impact on the creation of competitive advantages and economic development. Moreover, the commercialization of innovation is, apparently, the most important challenge faced by all companies. innovations go beyond science or technology; this is what can create value through the commercialization process. The theme of commercialization of innovation apparently paid increased attention Recently, but this subject of research is quite fragmented and distributed between various fields of research and disciplines. As a result, it is necessary to investigate, arrange and aggregate various theoretical and empirical conclusions, the purpose of the article is to determine theoretical principles of commercialization of the results of innovation activity in order to formulate the relevant mechanism. Method (methodology). The study used a number of general scientific and specially scientific methods: analysis and synthesis to find out the essence of the mechanism of commercialization of the results of innovation activity; systematization – determination of the main levels of the mechanism of commercialization; Gnoseology – outlining the main contradictions for understanding commercialization. The results. The main purpose of the article is to form a model of the mechanism of commercialization of the results of innovation activity. The existing connection between phenomena is taken into account: commercialization of innovation and internationalization. A conceptual approach to the formation of a mechanism for commercialization of innovation results depending on management levels is proposed. The toolkit for implementing the proposed mechanism is determined.

Assessment of the potential of the regional economy and its competitive advantages

2019 ◽  
Vol 39 (2) ◽  
pp. 65-72
Author(s):  
E. A. Ostapenko
Keyword(s):  
Economic Development ◽  
Comparative Analysis ◽  
Regional Economy ◽  
Federal District ◽  
Competitive Advantages ◽  
North Caucasus ◽  
The North ◽  
The Social ◽  
Social And Economic Development ◽  
Southern Russia

The article analyzes the potential for the functioning of the regional economy on the example of the Stavropol Territory. Identifies competitive advantages, and conducts a comparative analysis with the subjects of the North Caucasus Federal District and Southern Russia. Identified the strengths and weaknesses of the social and economic development of the region. The study allowed to determine the direction of development.

E-Readiness of SMEs

2010 ◽  
pp. 111-128
Author(s):  
Stephen M. Mutula
Keyword(s):  
Capital Intensity ◽  
Cost Effective ◽  
The Internet ◽  
Competitive Advantages ◽  
Start Up ◽  
Low Degree ◽  
Global Cost ◽  
Business Opportunities ◽  
New Business ◽  
Electronic Networking

Increasingly, SMEs are achieving and sustaining competitive advantages using ICT that are propelling and accelerating the globalization of businesses. The growth of the Internet has created a global, cost-effective platform for businesses to communicate and conduct commerce. The Internet is making it possible for SMEs to enjoy the benefits that were once only afforded to larger businesses. A study by Ramayah et al. (2003) in Malaysia revealed that most SMEs in that country are increasingly embracing e-commerce and spending increasing amounts of money on information technology, with subsequent higher revenues. SMEs in the digital economy have significant advantages over larger competitors (Dejonckheere et al., 2003) arising out of: Increased outsourcing of information activities, resulting in • new business opportunities The low degree of capital intensity of many e-businesses, which has resulted in relatively low start-up and exploitation costs; Enhanced speed of decision-making and innovativeness; Electronic networking and clustering, which allow SMEs to combine the advantages of being small-sized with the various benefits of large scaleBenterprises.

scholarly journals The sharing session "entrepreneurs during the COVID-19 pandemic" in overcoming economic crisis

2021 ◽  
Vol 6 (8) ◽  
pp. 1431-1442
Author(s):  
Syifaul Fuada ◽  
Rizky Roland Jurdil
Keyword(s):  
Digital Media ◽  
Economic Crisis ◽  
Business Owners ◽  
Modern Technology ◽  
Business Strategies ◽  
Unemployment Rates ◽  
Early Stages ◽  
Business Opportunities ◽  
New Business ◽  
Medium Enterprises

The early stages of the COVID-19 pandemic in 2020 greatly threatened Indonesia’s economy. Consequently, unemployment increased and several business owners began to explore the opportunities in modern technology, including the use of digital media. In view of the prevailing circumstance, a seminar was conducted with the theme "Entrepreneurs in the COVID-19 Pandemic" and the title "Tips for Getting Business Product Ideas and Marketing Techniques Through Digital Media in the COVID-19 Pandemic". The session was aimed at tackling the rising unemployment rates and also served as an avenue to promote business activities ranging from micro, small, or medium enterprises (MSMEs). This meeting was scheduled online using Zoom, with 17 participants. During the program, the participants conveyed their entrepreneurial experiences and also shared tips on generating product ideas, marketing techniques using digital media, as well as other useful business strategies employed during the pandemic. Also, the event continued for approximately 2 hours, with added insight for new, existing and intending business owners. Furthermore, the participants were inspired to explore new business opportunities amidst the pandemic.

An analysis of internal disproportion in development of Russia's regions: A theoretical and methodological approach

2020 ◽  
Vol 18 (3) ◽  
pp. 492-510
Keyword(s):  
Economic Development ◽  
Regional Development ◽  
Russian Federation ◽  
Methodological Approach ◽  
Competitive Advantages ◽  
The Social ◽  
Development Policies ◽  
Social And Economic Development ◽  
Regional Development Policies ◽  
The Russian Federation

Subject. This article analyzes the imbalances in the social and economic development of the subjects of the Russian Federation, and examines the issues of forming a policy of equalization and development of competitive advantages. Objectives. Analyzing the intraregional imbalances in the development of the subjects of the Russian Federation, the article aims to identify the internal causes of development imbalances and the dysfunctional subsystems. Methods. For the study, I used the methods of logical and statistical analyses. Results. The article reveals certain disparities in the social and economic development of a number of Russian entities, where one of the areas of development dominates. The article proposes certain theoretical provisions of the system for studying the intraregional imbalances in regional development. Conclusions. Since the level of socio-economic development of Russia's regions is characterized by significant differentiation, in order to improve the effectiveness of regional development policies, an analysis of internal imbalances in the development of the country's subjects is needed.

scholarly journals Approaches to the allocation of periphery and рeripheralization in the spatial development of modern Russia

2019 ◽  
Vol 151 (1) ◽  
pp. 3-16
Author(s):  
A. A. Anokhin ◽  
V. Yu. Kuzin
Keyword(s):  
Economic Development ◽  
Spatial Development ◽  
State Regulation ◽  
Competitive Advantages ◽  
Economic Relations ◽  
Theoretical Approaches ◽  
Functional Problem ◽  
Social And Economic Development ◽  
Socio Economic Development ◽  
Definition Of

The article is devoted to the issues of periphery and peripheralization of the spatial development of Russia, a significant part of the territory of which has experienced the negative direction of social and economic development during the transition to a market economy and continues to undergo it at the present time. The article discusses the theoretical approaches of Russian and foreign authors to the definition of the concepts of «periphery», «peripheralization of space». Based on the use of methods of comparative analysis and systematization, the authors identified six main approaches of researchers to the definition of the concept of «periphery»: positional, functional, problem, generative-translational, social, subjective, and also revealed the content and peculiarity of each approach. The authors highlighted such basic properties of the periphery as diverse remoteness, economic degradation and social marginalization, poly-scale character, migration outflow, ubiquity and relativity, weak involvement in global economic relations. A system of indicators characterizing the periphery in accordance with the selected approaches is proposed. On the basis of the conducted research, it was concluded that the spatial development of individual centers of Russia is taking place with the spatial degradation of its most part, which significantly actualizes the question of the future of the Russian periphery and its impact on the spatial development of the country as a whole. Due to the weakness of its own potential, the Russian periphery cannot act as an independent attractor of socio-economic development and requires strengthening state regulation measures based on the competitive advantages of each territory.

scholarly journals Public policies on water resources for the brazilian northeastern semiarid region

2021 ◽  
Vol 7 ◽  
Author(s):  
Pedro Henrique da Silva Lima ◽  
Maria Losangela Martins de Sousa ◽  
Larissa da Silva Ferreira Alves ◽  
José Elesbão de Almeida
Keyword(s):  
Economic Development ◽  
Public Policies ◽  
Climatic Conditions ◽  
Theory And Practice ◽  
Semiarid Region ◽  
Field Observations ◽  
The Social ◽  
Social And Economic Development ◽  
The Subject ◽  
The City

ABSTRACT Objective: The present study has as main objective to identify the strategies taken by the municipal managers to adapt to the periods of greatest water difficulties in the northeastern semiarid, more specifically in the city of Doutor Severiano-RN, showing the importance of the development of these strategies in the region. Methodology / Approach: Research were made on the subject to identify which strategies were developed in the municipality, in addition, some field observations were made to identify the municipal public policies developed over the years. Conclusions: It is concluded with this study that it is essential to know the place and seek the best strategy to develop and apply these policies based on the characteristics of each region, considering the importance that they have for the social and economic development of the semiarid populations. Research limitations: The sample was extracted from works that addressed the topic in question, thus making the parallel of discourse between theory and practice. Originality / Value of the article: The study presents the strategies developed in the city of Doutor Severiano, to adapt to the periods of greatest water difficulties in the region, according to the climatic conditions of the place.

Role of Microfinance in Entrepreneurship Development

2022 ◽  
pp. 27-53
Author(s):  
Neeta Baporikar
Keyword(s):  
Growth Rate ◽  
Economic Development ◽  
Literature Review ◽  
Systematic Literature Review ◽  
Developing Economies ◽  
Entrepreneurship Development ◽  
Social And Economic Development

Entrepreneurship and entrepreneurship development are crucial for social and economic development. Various studies highlight and reckon this aspect of entrepreneurship development both in developed and developing economies. However, entrepreneurship development though the aim of many developing economies, the growth rate of entrepreneurs is not satisfactory. One of the prominent reasons for this is attributable to financing or lack of financing. Hence, adopting a systematic literature review method the aim of this chapter is to review critically the role of microfinance for entrepreneurship development. Further, the chapter provides solutions and recommendations for proper microfinancing to boost entrepreneurship development.

Dynamic Capability and Coopetition

2022 ◽  
pp. 21-30
Author(s):  
Wlademir Leite Correia Filho ◽  
Daniel Knebel Baggio
Keyword(s):  
Competitive Advantage ◽  
Adaptive Capacity ◽  
Absorptive Capacity ◽  
Dynamic Capabilities ◽  
Dynamic Capability ◽  
Competitive Advantages ◽  
Changing Environments ◽  
Business Opportunities ◽  
New Business ◽  
Collective Strategy

The COVID-19 pandemic accelerated changes in company management, valuing coopetition as a collective strategy by strengthening the dynamic capabilities defined by Teece et al. as the firm's ability to integrate, build, and reconfigure external and internal competencies in rapidly changing environments. The adaptive capacity will prepare the company for adversity; the absorptive capacity favors the acquisition, assimilation, transformation, and application of external knowledge to create and maintain competitive advantages, and the capacity to innovate allows the identification of new business opportunities. The research showed that for the studied group, the good use of the dynamic absorption and adaptation capacities present in coopetition strongly contributes to the development of innovation competences, thus achieving and sustaining competitive advantage.

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