Innovative Potential as a Framework of Innovative Strategy for Enterprise Development

Valitov, Shamil M.; Khakimov, Almaz

doi:10.1016/s2212-5671(15)00682-6

Cited by 36 publications

(22 citation statements)

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“…To narrow down and clarify the object of research, it was suggested to use the term "business strategy" specifically for the economic activity of an enterprise. Various reliable sources indicate the existence of innovative (Valitov & Khakimov, 2015), competitive strategies (Morgan, & Strong, 2015), development strategies (Kuznetsov et al, 2015) and other business strategies, the overall classification of which is complicated by the fact that some of them overlap. The variety of business strategies is reduced to a set of basic types of strategies, replenished as the new strategies appear.…”

Section: Discussionmentioning

confidence: 99%

Formalization and elaboration of a company’s business strategy

Balashova¹,

Batkovskiy

Kalachikhin

et al. 2018

Problems and Perspectives in Management

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The article deals with issues of formalization and elaboration of business strategies. The authors have formulated a hypothesis that there is no universal strategy ensuring maxi¬mum benefit to an enterprise. The choice of a company’s strategy is considered from the point of view of a game-theoretical interpretation as a competition component. The process of engineering a company’s business strategy is presented in the form of a technological network. The study shows the possibility of automating the selection of a strategy by decision-making support systems. The article outlines the problem of classifying enterprise strategies by general features. The structure of a company’s strategy is formalized as a relationship of a set of strategic objectives in the S.M.A.R.T. technique and a set of means to achieve the goals limited by a company’s capabilities. The authors examine the indicator structure for achieving strategic goals. A definition is given to the type and form of a strategy based on the pattern concept. The article defines a methodology for assessing the probability of achieving the strategic goal. A new concept of a fluid strategy has been introduced along with several other variations of business strategies that might be encountered.

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Section: Discussionmentioning

confidence: 99%

Formalization and elaboration of a company’s business strategy

Balashova¹,

Batkovskiy

Kalachikhin

et al. 2018

Problems and Perspectives in Management

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show abstract

“…In particular, it concerns such property of the enterprises as their innovativeness. It should be noted that a number of scientific papers, in particular [13,14], are devoted to the assessment of the innovative activity of enterprises. However, the mechanism of influence of energy-saving technological changes on the level of innovativeness of firms is currently not sufficiently investigated.…”

Section: Literature Reviewmentioning

confidence: 99%

Influence of Energy-Saving Technological Changes on the Level of Innovativeness of Agro-Industrial Enterprises in the Conditions of Digitalization

2019

IJRTE

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 Abstract-The development and implementation of innovations at enterprises should ultimately ensure the growth of their profit at the expense of transition to the manufacturing of new or improved products, changes in technological processes, sales promotion, etc. In particular, an important reserve for increasing the profits of enterprises is the implementation of innovative resource-saving technological changes, first of all, technologies that provide for the saving of energy resources. At the same time, the question of how significant is the role that energy-saving technological changes play or can play in the future among other areas of innovative activity of enterprises arises. In other words, the problem arises of assessing the impact of energy-saving technological changes on the level of innovation of enterprises, and, accordingly, on their profitability. The main purpose of this study is to assess the impact of energy-saving technological changes on the level of innovativeness of agro-industrial enterprises in the conditions of digitalization. The indicators of evaluation of the innovativeness of enterprises are systematized. The indicators characterizing the influence of the innovative activity of the enterprise on the economic efficiency of its functioning are proposed.

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“…Valitov and A.K. Khakimov [4] point out that the innovative potential can be considered as a configuration of opportunities, resources, and organizational mechanisms that allows the achievement of enterprises' objectives in the field of innovation through their ability to implement the full cycle of innovation management taking into account the needs of the market.…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

“…In the case of these entities, it is considered as one of the dimensions of a company's entrepreneurial orientation, which is an essential basis for performance of small business [3]. Innovativeness is determined by the innovative potential, which is the foundation for the effectiveness and efficiency of the process of creating and implementing innovation [4]. In order to develop and make full use of this potential, SMEs should seek specific concepts of innovation management which emphasize the importance of an external perspective and interactions with the environment [5], [6].…”

Section: Introductionmentioning

confidence: 99%

The Scope and Effectiveness of Support for the Innovative Potential of Small Business in the European Union

Matejun¹

2017

JOEBM

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Innovativeness is the foundation of competitiveness and the competitive advantage of micro, small and medium-sized enterprises (SMEs). It is determined by the innovative potential that expresses a company's ability to create and innovate. In the process of the development of this potential, enterprises can use external support offered by small business environment institutions in the framework of the integrated actions taken by the Member States of the European Union to promote entrepreneurship development. Taking this into account, the paper aims at the assessment of the scope and effectiveness of SMEs' use of external support for their innovative potential. Two research hypotheses were adopted in the paper. The author's own survey conducted on a sample of 1,741 SMEs in the European Union was devoted to the aim of the paper and the verification of the adopted hypotheses. The results indicate that the analyzed companies use external support to a very small degree. Despite the small scope of its use, this type of support significantly affects the level of innovative potential of small business. Non-repayable financial support derived from various aid funds of the European Union, as well as technological support, supplementing resource shortages of small business in the sphere of technology and know-how, are characterized by the relatively highest effectiveness.Index Terms-Small business, SMEs, innovative potential, innovation management, business support, European Union.

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Innovative Potential as a Framework of Innovative Strategy for Enterprise Development

Cited by 36 publications

References 0 publications

Formalization and elaboration of a company’s business strategy

Formalization and elaboration of a company’s business strategy

Influence of Energy-Saving Technological Changes on the Level of Innovativeness of Agro-Industrial Enterprises in the Conditions of Digitalization

The Scope and Effectiveness of Support for the Innovative Potential of Small Business in the European Union

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