Competition. The role of innovation (most important)

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Competition. The role of innovation (most important)

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31. The role of innovation

Only the companies themselves can achieve competitive advantages and maintain them. In particular, they must recognize the primacy of innovation and the truth that innovation can only come about through pressure and exploration. This forces management to create a dynamic environment conducive to search, to notice all the ways that promise easy and fast creation of competitive advantages that actually lead to failure.

Create pressure for innovation. A company should seek out challenges and activities under pressure rather than avoid them. Part of the strategy is to take advantage of the company's home country and build on that base for innovation to occur. To achieve this, companies can sell to the most demanding customers and distributors.

Advantages of clusters in innovation. The benefits of clusters in innovation and productivity growth over isolated locations may be more important than the benefits in ongoing productivity, although there are also risks. Participation in a cluster also provides advantages in access to new technologies, working methods or supply opportunities. Cluster firms quickly become aware of advances in technology, the availability of new components and equipment, and new concepts in service and marketing, and keep abreast of these things because these tasks are facilitated by ongoing relationships with other cluster members, visits, and personal contacts.

Science - the main component of innovation activity, a condition for ensuring its effectiveness. The main directions for the development of innovation activity, the priorities of innovation policy and the stages of its implementation are determined by the needs of industrial and other industries in technological re-equipment and the availability of investment resources. The creation of favorable conditions for the development of innovative activity will make it possible to modernize the technological base of the Russian economy and radically increase the competitiveness of domestic products.

State participation is expressed in direct financing of science and innovation and the use of indirect measures to regulate scientific and technological activities. At present, in Russia, the volume of budget financing of civil science is commensurate with the volume of financial resources of a large Western research university.

The budget funds allocated for the development of the innovation sphere are so insignificant that they are sufficient to "launch" only individual projects.

Author: Ilyina V.N.

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