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Innovation Strategies in European Developing Countries

  • Ljiljana Kontic
Chapter
Part of the Contributions to Management Science book series (MANAGEMENT SC.)

Abstract

The main aim of this study was to determinate key factors of innovation strategies choice for global competitiveness. The starting hypothesis was that innovation performance correlating with national competitiveness of European developing countries. Meta data from European Innovation Scoreboard in period 2011–2016 and Global Competitiveness Report have been used in this study. Research methodology consisted of comparative method and relevant statistical methods. The findings revealed the main factors of better innovation performances that caused higher ranking according to Global Competitiveness Index. The limitations and future research avenues are presented too.

Keywords

Innovation Strategy Competitiveness Innovation performance European developing countries 

Notes

Key Words Definitions

Innovation

In this survey, CIS definition of innovation has been used. CIS methodology defining innovation as new or significantly improved goods and/or the processes used to produce or supply all goods or services that the business has introduced, regardless of their origin.

Strategy

The main aim of the strategy of innovation is to maximize organization’s innovative potential. To obtain and sustain competitive advantage, strategic managers should elaborate current and future innovation strategy.

Competitiveness

“Ability of a firm or a nation to offer products and services that meet the quality standards of the local and world markets at prices that are competitive and provide adequate returns on the resources employed or consumed in producing them.”

Innovation performance

The outcomes and the benefits generate by the process of innovation.

European developing countries

A developing countries, measuring by GDP per capita in Europe are Albania, Belarus, Croatia, Moldova, Montenegro, Serbia, Bosnia and Herzegovina, Macedonia, Russia, Turkey, and Ukraine.

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Copyright information

© Springer International Publishing AG, part of Springer Nature 2018

Authors and Affiliations

  • Ljiljana Kontic
    • 1
  1. 1.University of BelgradeBelgradeSerbia

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