Innovation Management in Portuguese and Russian Agricultural Companies

Abstract

Increasing the innovative activity of enterprises in current conditions while managing it properly is one of the most important parts of management. Implementation of new technologies, optimization of costs, entering new markets, launching of new products, and many other aspects – all of them should be considered when adopting the strategy for an enterprise’s activity, both from a short-term and from a long-term perspective. One of the most demanded innovative directions is the use of renewable energy sources. Among the most popular energy sources, solar panels make top of the list, and they can be installed on existing constructions. The reason for development in this direction is the permanent growth in demand for electricity produced through traditional sources and, as a result, the permanent growth of electricity cost for enterprises holding production lines; this ultimately leads to a growth in price for the final consumer. This research considers the opportunity to implement renewable energy sources on existing agricultural enterprises. As subjected enterprises, we will review APC “Bolshevik” of Moskalensky District of Omsk region of the Russian Federation and “Company B” LDA of Bragança Municipality of the Portuguese Republic. We will calculate financial and production results received after the implementation of new electricity-generating systems on both enterprises. The opportunity to sell the surplus of overproduced electricity to the citizens of nearby villages and cities or to the government will also be taken into account.