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Development of a model for monitoring the needs for innovation in furniture enterprises in Bulgaria

Author

Listed:
  • Popova-Terziyska, Radostina
  • Neykov, Nikolay
  • Georgieva, Daniela

Abstract

There is a variety of methods for assessing and modelling the innovation factors that are presented in the specialized literature. However, out of the scope of those analyses is the use of the “First Alert” or the “signal line” approach. Through it the enterprises can analyze their need for innovation activities and the extent to which those innovations are needed. The main goal of the present study is to develop and analyze to use of a to make a decision whenever Bulgarian furniture enterprises have to implement innovation. The applied research methods are based on the logical, deductive, and comparative methods, as well as the “signal line” approach. This study proposes for the first time the use of a pan-European revenue regression curve and the number of innovative enterprises. The results show that the innovation activities must be, first of all, focused on the staff and then on the assets that the entity possesses and use. The results of the study support the development of the literature by presenting a more in-depth analysis of the possible ways to use the national statistical institute data for planning the innovation activities by furniture enterprises

Suggested Citation

  • Popova-Terziyska, Radostina & Neykov, Nikolay & Georgieva, Daniela, 2021. "Development of a model for monitoring the needs for innovation in furniture enterprises in Bulgaria," MPRA Paper 110067, University Library of Munich, Germany, revised Oct 2021.
    • Handle: RePEc:pra:mprapa:110067
    as

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    References listed on IDEAS

    as
    1. Georgieva, Daniela & Popova, Radostina, 2019. "Digitisation in forest industry in Bulgaria - state and perspectives," MPRA Paper 96021, University Library of Munich, Germany, revised Jun 2019.
    2. Ștefan Cristian Gherghina & Mihai Alexandru Botezatu & Alexandra Hosszu & Liliana Nicoleta Simionescu, 2020. "Small and Medium-Sized Enterprises (SMEs): The Engine of Economic Growth through Investments and Innovation," Sustainability, MDPI, vol. 12(1), pages 1-22, January.
    3. Hans Loof & Almas Heshmati, 2006. "On the relationship between innovation and performance: A sensitivity analysis," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 15(4-5), pages 317-344.
    4. Georgieva, Daniela, 2020. "A study of intangible assets disclosure as factor for sustainability: an evidence from Bulgarian furniture enterprises," MPRA Paper 103245, University Library of Munich, Germany.
    5. Radostina Popova, 2019. "Innovation Development Of The Furniture Industry In Bulgaria," CBU International Conference Proceedings, ISE Research Institute, vol. 7(0), pages 256-261, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    innovation; furniture enterprises; modelling for monitoring;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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