Innovations as a Factor for Ensuring Economic Safety

In modern conditions of development of the competitive environment, one of the main ways to solve economic, social and environmental problems is to use the latest achievements of science and technology. Each enterprise seeks to ensure that economic growth is intense, i.e. to be a consequence of the application of more sophisticated factors of production and technology. The prerequisite for intensive growth is the use of innovative strategy in the practical activities of enterprises. The end result of innovations is the materialization and industrial development of innovation, the idea of which can be the scientific and technical activity, and marketing research to identify unmet needs. The innovations are an effective defensive reaction of the firm to the emerging threats of losing market place, constant pressure from competitors, the challenge of new technologies, shortening the life of products, legislative restrictions and changing the market situation. In the offensive version, the innovation is a mean of exploiting new opportunities to preserve or gain a competitive advantage. In the long term aspect, the company has no choice but to pursue an innovation policy, which is the only source of lasting success. The main objective of researching the innovation activity of any organization is to ensure competitiveness in market conditions in order to identify risk factors and ways to overcome them.

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URL http://www.csei.ase.md/journal/files/issue3/EEJRS2017_0301_SAN.pdf
URL https://doaj.org/toc/1857-436X
URL https://doaj.org/toc/2537-6179
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Author Maxim SANDU
Author Lilia ŞARGU
Author Alexandr GRIBINCEA
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Collected From DOAJ-Articles
Hosted By Eastern European Journal of Regional Studies
Journal Eastern European Journal of Regional Studies, ,
Publication Date 2017-06-01
Publisher CSEI; ASEM
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Language English
Resource Type Article
keyword H
keyword J
system:type publication
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Source https://science-innovation-policy.openaire.eu/search/publication?articleId=doajarticles::08e8aa16c98b8120450babee4aecc638
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Last Updated 27 December 2020, 01:24 (CET)
Created 27 December 2020, 01:24 (CET)