STRENGHTENING INNOVATION CAPACITY OF THE MACEDONIAN BUSINESS SECTOR

Rocheska, Slavica and Mojsovska Salamovska, Snezana and Kostoska, Olivera (2012) STRENGHTENING INNOVATION CAPACITY OF THE MACEDONIAN BUSINESS SECTOR. In: 1st INTERNATIONAL CONFERENCE South-East European Countries towards European Integration, 20th October 2012, Elbasan – Albania.

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Abstract

Nowadays, the Macedonian companies are being faced with a strong pressure to improve the productivity, as well as to meet the high standards and quality requirements of the products and services in the global market place. It is therefore extremely important for the companies to systematically upgrade, innovate and improve their operations. In such a competitive environment, the business sector may possibly endure and function properly all the way through affirmation and adoption of the innovation-oriented strategies that will stimulate the creation and commercialization of new products and processes, but also the possibilities to obtain new knowledge and technologies from external sources. Thus, strengthening the firms’ innovation capacity is to be a strategic priority that will possibly develop the potentials for creation and proper deployment of internal and external resources aimed at delivering a distinctive and superior market value. In the absence of developed innovation system, as well as the relatively limited resources for research and development, business sector in the Republic of Macedonia lags significantly behind the general trends on global scale and may not effectively respond to challenges imposed by new economy and the knowledge-based society. Hence, the main objective of this paper is to analyze the innovation capacity of the Macedonian business sector and to perceive the potential measures and policies for encouraging its innovation and technological development. Specifically, it aims at analyzing the level of R&D activities performed by the companies, as well as their capacity to acquire and use the knowledge from external sources and to increase the knowledge base itself. In addition, it explores the policy measures that affect the innovation performance of the firms, as well as the possibility to create an economy-wide framework conditions aimed at promoting innovation and technological development.

Item Type: Conference or Workshop Item (Paper)
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 23 Jun 2016 06:18
Last Modified: 23 Jun 2016 06:18
URI: http://eprints.uklo.edu.mk/id/eprint/131

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