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Innovation Development Factors: Switzerland Experience

Author

Listed:
  • Omer Faruk Derindag

    (International Trade and Business Department, Inonu University,Malatya, Turkey)

  • Maya Lambovska

    (University of National and World Economy, Sofia, Bulgaria)

  • Daniela Todorova

    (Todor Kableshkov University of Transport, Sofia, Bulgaria)

Abstract

To achieve the aims of sustainable development of a country, it is necessary that the values of the innovative economy are shared, if not by the whole society, then at least by its main driving forces. The innovation process is no long dependent on the efforts of one innovator. It has become interactive: in addition to the direct developers of innovation, other agents are involved in innovation development. Therefore, innovation should be seen as a product of multidimensional interaction of many participants. This is a specific environment where not only innovators are present, but also financiers, lawyers, marketers, logisticians, consultants, etc. Switzerland has become a highly successful example of a country, which developed such interaction. In current research, we discuss what factors led to innovation success in Switzerland.

Suggested Citation

  • Omer Faruk Derindag & Maya Lambovska & Daniela Todorova, 2021. "Innovation Development Factors: Switzerland Experience," Pressburg Economic Review, Pressburg Economic Centre, London, UK, vol. 1(1), pages 57-65, December.
    • Handle: RePEc:awb:perjnl:v:1:y:2021:i:1:p:57-65
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    Citations

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    Cited by:

    1. Xiaoke Yang & Lidong Wu, 2023. "Specificity of the decision‐making mechanism in public corporations," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(3), pages 1574-1584, April.
    2. Beata Gavurova & Sylvia Jencova & Radovan Bacik & Marta Miskufova & Stanislav Letkovsky, 2022. "Artificial intelligence in predicting the bankruptcy of non-financial corporations," Oeconomia Copernicana, Institute of Economic Research, vol. 13(4), pages 1215-1251, December.

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