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Business Functions Approach To Innovative And Non-Innovative Business Comparison In Latvia

Author

Listed:
  • SERGEJS HILKEVICS

    (Faculty of Economic and Business Administration Ventspils University College, Republic of Latvia)

  • DACE STEFENBERGA

    (Faculty of Economic and Business Administration Ventspils University College, Republic of Latvia)

Abstract

State system of innovative business support was created in Latvia during last years and the first conclusions about the efficiency of this system can be made at present time. To evaluate the efficiency of innovative business support system it is necessary to compare in some way innovative and non-innovative companies. The main task of this article is to provide the frame for innovative and non-innovative business comparison and describe on the base of this frame the main differences between innovative and non-innovative companies in Latvia at present time. The main result of investigation is the conclusion that at present time innovative business has certain advantages for development in Latvia, especially in regions, because the main weak point of innovative business - high risk - is oppressed by general business risk growing due to economic crisis.

Suggested Citation

  • Sergejs Hilkevics & Dace Stefenberga, 2010. "Business Functions Approach To Innovative And Non-Innovative Business Comparison In Latvia," Perspectives of Innovation in Economics and Business (PIEB), Prague Development Center, vol. 5(2), pages 14-16, June.
    • Handle: RePEc:pdc:jrpieb:v:5:y:2010:i:2:p:14-16
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    Citations

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    Cited by:

    1. Jakub Tabas & Michaela Beranová & Jan Vavřina, 2011. "Barriers to development of the innovation potential in the small and medium-sized enterprises," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 59(7), pages 447-458.

    More about this item

    Keywords

    Innovative business; business functions; regional economic development.;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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