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Innovation – Modern Means Of Achieving Competitiveness

Author

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  • RADKA IVANOVA

    (University of Economics – Varna, Bulgaria)

Abstract

The generation of new ideas is essential to increase the competitive advantage of business organizations in terms of constant search for ways and means of improvement. New ideas are the basis of innovation and innovative activity of enterprises. The fast pace, at which consumer requirements change, requires investing in innovative solutions to ensure the continued existence and development of business organizations. Namely innovations are the main driving force of the market economy. The main purpose of this article is to consider innovation, their relationship with science and opportunities for their development using OPIC 2014-2020.

Suggested Citation

  • Radka Ivanova, 2017. "Innovation – Modern Means Of Achieving Competitiveness," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 13(1), pages 141-145.
    • Handle: RePEc:neo:journl:v:13:y:2017:i:1:p:141-145
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    More about this item

    Keywords

    innovations; new ideas; competitive; development of business organization.;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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