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The role of innovation in increasing efficiency and competitiveness of enterprises

Author

Listed:
  • Janeta WEISZ

    (”Dimitrie Cantemir” University of Timisoara)

  • Andrei SCHWARTZ

    (West University of Timisoara)

Abstract

Currently, there are almost no sectors, functions or elements of the economy which are not affected by qualitative changes related to the conditions of information society. The pivot of this society is knowledge, learning, intellectual capital and innovation. Moreover, the emergence of different initiatives to encourage "innovative practices" are, indeed, a new vision of how best practices may increase and upgrade our societies. It is obvious that the emergence of new forms of economy and social organization require the adoption and assimilation of new economic standards, but also the tools and technologies able to capitalize on opportunities created by knowledge economy. The main purpose of knowledge, learning, intellectual capital, innovation, research and development is the stimulation of operational, commercial and financial effectiveness and efficacy of companies. Its vision is: better and more, easier and faster, cheaper. Scientific research, innovation represents today the most important engine for the improvement of living conditions and, in general, the wealth of a society. It is equally true that a healthy economic, social and cultural development is not possible without a well structured learning system with high academic standards based on a vigorous scientific research. Research and development activity, aims for development or innovation of services, products and technologies, insuring an optimal compatibility between the outputs of planning these activities (objects, strategies, programs and budgets) and the outputs of planning business portfolios and business strategies, as the outputs of the operational planning of the research-development activity (projects and budgets).

Suggested Citation

  • Janeta WEISZ & Andrei SCHWARTZ, 2012. "The role of innovation in increasing efficiency and competitiveness of enterprises," Anale. Seria Stiinte Economice. Timisoara, Faculty of Economics, Tibiscus University in Timisoara, vol. 0, pages 496-504, May.
    • Handle: RePEc:tdt:annals:v:xviii:y:2012:p:496-504
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    File URL: http://fse.tibiscus.ro/anale/Lucrari2012/kssue2012_077.pdf
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    References listed on IDEAS

    as
    1. Verworn, Birgit & Lüthje, Christian & Herstatt, Cornelius, 2000. "Innovationsmanagement in kleinen und mittleren Unternehmen," Working Papers 7, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.
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    More about this item

    Keywords

    research; development; efficiency; effectiveness; innovation;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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