Analysis of Innovation Factors at Joint Stock Companies on Emerging Markets Applying Strategic Planning Model

Abstract

The aim of the presented study is to give contribution to the efforts that are being made to analyze the possible differences between joint stock companies and other companies from the research sample, regarding the selected innovation factors. In a research process modified SPACE ((Strategic Position and Action Evaluation) analysis for defining strategic position of the company was used. In the survey, the sample consist of the selected countries from SEE region, which are in the transitional phase. The results show that there are certain differences between joint stock companies and other companies in the sample, in terms of the selected factors of innovative enterprises, isolated from modified SPACE model in strategic planning. To determine these potential differences, factor analysis and hierarchical cluster were used, as appropriate stat. method.