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Journal articles on the topic 'Costs on innovation'
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1
Benderly, B. L. "The Costs of Innovation." Science 328, no. 5978 (2010): 571. http://dx.doi.org/10.1126/science.1188708.
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Holmstrom, Bengt. "Agency costs and innovation." Journal of Economic Behavior & Organization 12, no. 3 (1989): 305–27. http://dx.doi.org/10.1016/0167-2681(89)90025-5.
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Koeniger, Winfried. "Dismissal costs and innovation." Economics Letters 88, no. 1 (2005): 79–84. http://dx.doi.org/10.1016/j.econlet.2004.12.019.
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Pinkovetskaia, I. S. "ASSESSMENT OF THE COSTS OF FINANCING INNOVATIONS: REGIONAL ASPECT." Economics Profession Business, no. 3 (September 13, 2021): 78–84. http://dx.doi.org/10.14258/epb202141.
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The article is devoted to the actual problem of financial support for the development of innovations. The purpose of the study is to estimate the share of innovation financing costs in the income received by organizations from the sale of manufactured goods, works and services for innovative organizations located in each of the regions of Russia. As the initial information, the study used official statistics for 2017-2019, which characterize the costs of financing innovations by organizations located in 82 regions of Russia. In the course of the study, economic and mathematical models were developed that represent the functions of the normal distribution. It is proved that there were no significant changes in the value of the share of innovation financing costs in the amount of income received from the sale of manufactured products by organizations located in the regions in 2017-2019. It is shown that the costs of financing innovations for organizations account for a small share in the amount of income received from the sale of manufactured products. It is shown that the values of the specific weights of innovation financing costs were significantly differentiated by region. The results obtained are new and original. The methodological approach presented in the article to estimate the share of innovation financing costs in the amount of revenue received from sales of manufactured products by organizations located in the regions can be used in further research. The proposed tools can be used to monitor the costs of financing innovation activities in organizations. The results of the work can be applied in the current activities of state structures and public organizations, when justifying measures for the development of innovative activities.
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Chan, Tkhi Tkhan Tkhuyi. "Інтерактивне контролювання витрат на маркетинг інновацій в умовах зростання інноваційного тиску". Economic journal Odessa polytechnic university 2, № 24 (2023): 106–13. https://doi.org/10.15276/ej.02.2023.12.
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The article is devoted to the study of approaches to the organisation of controlling the costs of marketing innovations in the context of growing innovation pressure. Particular attention is paid to interactive control methods, including digital tools, KPI analytics and adaptive budgeting, as well as their role in ensuring the flexibility of management decisions. The article proposes a typology of cost control systems based on time, object, methods and level of innovation pressure. Based on the results of a field study of enterprises in the Odesa region, the key factors for updating control in the context of digitalisation are identified. It has been determined that effective interactive control of innovation marketing costs is a critical element in improving the competitiveness, adaptability and innovation sustainability of enterprises.
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Baldwin, Carliss, and Eric von Hippel. "Modeling a Paradigm Shift: From Producer Innovation to User and Open Collaborative Innovation." Organization Science 22, no. 6 (2011): 1399–417. http://dx.doi.org/10.1287/orsc.1100.0618.
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In this paper, we assess the economic viability of innovation by producers relative to two increasingly important alternative models: innovations by single-user individuals or firms and open collaborative innovation. We analyze the design costs and architectures and communication costs associated with each model. We conclude that both innovation by individual users and open collaborative innovation increasingly compete with and may displace producer innovation in many parts of the economy. We explain why this represents a paradigm shift with respect to innovation research, policy making, and practice. We discuss important implications and offer suggestions for further research.
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Blinova, Ulyana, Darya Rozhkova, and Nadezhda Rozhkova. "MANAGEMENT ACCOUNTING OF INNOVATION COSTS." Vestnik Universiteta, no. 1 (2018): 43–48. http://dx.doi.org/10.26425/1816-4277-2018-1-43-48.
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Siemens, D. Robert. "Costs, innovation, and change management." Canadian Urological Association Journal 11, no. 6 (2017): 153. http://dx.doi.org/10.5489/cuaj.4685.
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Strazdas, Rolandas. "Methodical Aspects of Innovation Costs Calculation System." Business: Theory and Practice 7, no. (2) (2006): 89–97. https://doi.org/10.3846/btp.2006.11.
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The analysis of innovation costs in a company, the information supply problems of innovation costs calculation and the methods of decisions are presented in the article. Methodical aspects of innovation costs calculation system are analysed. The analysis of various costs calculation methods is presented in the context of management decision making. The method of marginal analysis application as an economic basis for the decision of innovation pricing is based on the application statements of the economic theories and mathematical methods. Approbational calculations for the identification of innovation effectiveness and area of negotiation in the process of innovation commercialization are carried out.
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Chan, Tkhi Tkhan Tkhuyi. "Interactive Control of Innovation Marketing Costs in Conditions of Increasing Innovation Pressure." Economic journal Odessa polytechnic university 2, no. 24 (2023): 106–13. https://doi.org/10.5281/zenodo.15388114.
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The article is devoted to the study of approaches to the organisation of controlling the costs of marketing innovations in the context of growing innovation pressure. Particular attention is paid to interactive control methods, including digital tools, KPI analytics and adaptive budgeting, as well as their role in ensuring the flexibility of management decisions. The article proposes a typology of cost control systems based on time, object, methods and level of innovation pressure. Based on the results of a field study of enterprises in the Odesa region, the key factors for updating control in the context of digitalisation are identified. It has been determined that effective interactive control of innovation marketing costs is a critical element in improving the competitiveness, adaptability and innovation sustainability of enterprises.
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Ryynänen, Sanna, and Riitta Uusisalmi. "Technological Innovations Through Digital Service Design in Hospital Districts." International Journal of Innovation in the Digital Economy 12, no. 2 (2021): 48–62. http://dx.doi.org/10.4018/ijide.2021040104.
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The aim of the study is to describe and increase understanding about digital service design in creating technological innovations in Finnish hospital districts. The data was collected via an open questionnaire during March-August 2019 and analyzed using a combined thematic and narrative analysis. Three distinct themes arose from the research narratives: cooperation, development, and cost. First, the importance of cooperation in the early stages of the service design process, when new technological innovation ideas are developed, was emphasized. Second, the possibilities of digitalization and need for new innovations were taken into account in the development theme. Third, costs define the utilization of an innovation and guide its initial development. If savings and costs are in balance, technological innovations will move forward. Moreover, the findings show that technological innovations in hospital districts progress in a certain pattern, and the utilization of innovations come from the need and pressure to evolve. Keywords Adoption of Innovation, Deployment of Innovation, Digital Service Design, Rogers's Diffusion of Innovation Theory, Service Design, Service Innovation, Specialized Medical Care
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Archibugi, Daniele, Rinaldo Evangelista, and Roberto Simonetti. "Concentration, firm size and innovation: evidence from innovation costs." Technovation 15, no. 3 (1995): 153–63. http://dx.doi.org/10.1016/0166-4972(95)96616-2.
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Sedunova, R. T., and O. G. Golichenko. "Connection of innovation activity effectiveness and technological novelty of innovation output." Economics and Mathematical Methods 60, no. 3 (2024): 5–19. http://dx.doi.org/10.31857/s0424738824030015.
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The paper studies the relationship between the innovation performance of Russian industrial enterprises and the degree of technological novelty of their innovative products. For this purpose, the innovation function is introduced. That function reflects the dependence of the “output” of the innovation process on its factors measured by the costs of process and product innovations. Hypotheses about the properties of this function are discussed. The relationship between the two types of innovation costs is considered. As an indicator of technological efficiency the ratio of the value of innovative products to the innovative resource costs is used. The dependence of the performance indicator on innovation costs is investigated. The points of local maxima (local technological optimum) of the performance indicator for the size classes of Russian industrial enterprises are found. It is shown that there is a relationship between the effectiveness of innovative activity and the degree of technological novelty of innovative products. As an indicator of the degree of technological novelty the share of the innovative products new to the market in all innovative products is used. It was established that there is a change in the trend of innovative production from the production of radical to incremental innovative products when approaching the technological optimum.
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Khanalizadeh, Bahman, and Neda Ranjandish. "Impact of Technological Innovation, Research and Development on the Defense Economy - Iran Country." Review of innovation and competitiveness 7, no. 1 (2021): 59–74. http://dx.doi.org/10.32728/ric.2021.71/3.
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The Purpose. This research is to investigate the relationship between the variables of technological innovation, research and development costs, economic growth, sales and export of weapons and military costs in Iran for the years 2000 to 2017. Design/Methodology/Approach. In this study, we examine using Autoregressive Distributed Lag (ARDL) method to explore the estimating the impacts of technological innovation, research and development costs, economic growth, sales and export on military costs. Findings/Implications. The results of this study showed that the impact of technological innovation and research and development costs on military costs is negative in short-term and long-term. Although the effect that these two variables have on military spending in the short-term is very close, in long-term the effect that research and development costs have on military spending is far greater and more significant. Also, the impact of economic growth on Iran’s defense economy is much less than the variables of technological innovation and research and development costs. So that this effect will be less in long-term. But, the amount of arms sales and exports in the short-term has a positive effect on defense spending, but in long-term it becomes negative and increase in arms sales and exports can help Iran’s defense economy. Originality. The countries defense economy can always have positive effects on military and civilian research and development, scientific innovation and technological progress, in this condition that the country’s macroeconomics can spend military spending on research and development and support innovation and inventions. Eventually adopt arrangements that use the innovations of the defense industry in the civilian sector, which will lead to economic growth. This is the experience of many developed countries that have been able to use the technological advances and innovations of the military sector in the civilian sectors as well, and to cause the economic progress and development of their country.
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Orlovtseva, O. M., and E. V. Gubanova. "THE IMPACT OF INNOVATION ON THE COSTS INCURRED BY TRANSPORT COMPANIES." Strategic decisions and risk management 14, no. 2 (2023): 213–28. http://dx.doi.org/10.17747/2618-947x-2023-2-213-228.
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This article analyses the impact of innovation on the costs of transport companies. In order to carry out the research, the types of innovation in the transport industry and the innovation strategies of transport companies are considered. The case method has been identified as the research method. The analysis concludes that innovation has an impact on both operational performance and shareholder value. Firstly, the value of companies is influenced by innovations related to the purchase of new equipment, the improvement of production indicators and the increase in the quality of services/goods offered.The main objectives of digital technologies are to improve the control of operational processes, to enhance customer interaction and to reduce costs. Together with the purchase of new equipment, this can be seen as one of the ways of increasing the value of the company.
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Seitkan, G. G., P. Karacsony, N. K. Zaitenova, and A. Konysbay. "R&D Expenditures and Their Impact on Innovation in the Digital Era: A Kazakhstan Perspective." Economy: strategy and practice 19, no. 3 (2024): 19–31. http://dx.doi.org/10.51176/1997-9967-2024-3-19-31.
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The article aims to assess the relationship between research and development costs and the level of innovation activity of enterprises in Kazakhstan. The research methodology involves correlation analysis, applying quantitative methods to analyze the collected data from official statistical yearbooks from 2007 to 2022. Correlation analysis with five variables on innovation activity and the impact of research and development costs on that, using Excel and Smart PLS 4 programs were used. According to the results of research, there was a positive impact of R&D expenditure on the level of innovation activity of enterprises mostly, secondly on the ratio of innovative product to gross domestic product, volume of innovative products (goods, services), and showing not so strong correlation on costs of product and process innovations. Digital hubs perform as an ecosystem with a network approach, including organizations in a region to undergo digital transformation in the era of the digital economy and digital technologies. The results of current research might be helpful to academicians and public administration. The originality of the study consists in assessing the impact of R&D expenditure on innovation management in a particular level of innovation activity, the share of innovative products about GDP, costs of product and process innovations, the volume of innovative products (goods, services) to a proper subsequent further contribution. As a result, it is recommended that policy measures focus on enhancing digital infrastructure and supporting R&D investments to ensure sustained innovation performance and economic development.
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Styles, Peter. "Innovation—the risks, costs and rewards." Journal of Medical Engineering & Technology 11, no. 5 (1987): 228–32. http://dx.doi.org/10.3109/03091908709040969.
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Davidson, Sinclair, and Jason Potts. "The Social Costs of Innovation Policy." Economic Affairs 36, no. 3 (2016): 282–93. http://dx.doi.org/10.1111/ecaf.12187.
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Ивакина, И., I. Ivakina, И. Федорова, and I. Fedorova. "Specificity of Accounting for Innovation Costs." Auditor 3, no. 12 (2017): 28–34. http://dx.doi.org/10.12737/article_5a323c20b189b4.93630780.
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Th e article considers the problems related to specifi city of cost accounting associated with innovations, defi nes users’ goals with regard to information about the costs of innovations, assesses the approaches to cost accounting in diff erent systems of accounting (fi nancial, tax and administrative).
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Best, Daniel. "How Hidden Costs Can Doom Innovation." Cereal Foods World 59, no. 3 (2014): 153–55. http://dx.doi.org/10.1094/cfw-59-3-0153.
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S. Claiborne Johnston and Stephen L. Hauser. "Clinical trials: rising costs limit innovation." Annals of Neurology 62, no. 6 (2007): A6—A7. http://dx.doi.org/10.1002/ana.21329.
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Paladino, Bob. "Managing Costs and Innovation with CPM." Journal of Corporate Accounting & Finance 25, no. 6 (2014): 55–62. http://dx.doi.org/10.1002/jcaf.21989.
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Lee, Daegoon, Benjamin W. Cowan, and C. Richard Shumway. "Non-Neutral Marginal Innovation Costs, Omitted Variables, and Induced Innovation." Agricultural and Resource Economics Review 49, no. 3 (2020): 465–91. http://dx.doi.org/10.1017/age.2020.1.
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Prior tests of Hicks’ Induced Innovation Hypothesis (IIH) have been greatly hampered because the lack of supply-side data implicitly requires the untenable assumption that the marginal research cost is the same for different inputs. We document that, with appropriate model specification and panel data, a two-way fixed-effects estimator can account for much of the non-neutrality of the innovation function. Using a test procedure that is robust to a time-variant and non-neutral innovation function, we test the IIH in U.S. agriculture for the period 1960–2004. We use only readily available data for innovation demand and total public research expenditures.
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V. Breunig, Robert, and Sasan Bakhtiari. "Outsourcing and Innovation: An Empirical Exploration of the Dynamic Relationship." B.E. Journal of Economic Analysis & Policy 13, no. 1 (2013): 395–418. http://dx.doi.org/10.1515/bejeap-2012-0016.
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Abstract: We study the implications of vertical integration on innovation performance using firm-level data in Australian manufacturing. We use the data to distinguish between low-cost-oriented and innovation-oriented outsourcing. Outsourcing without innovation lowers the costs at the expense of damaging the future chances of innovation, while innovation-oriented outsourcing leads to higher costs but increases the likelihood of future innovation. For firms that innovate and outsource, the probability of future innovation is 49% compared to 8% for those who outsource without innovating. Comparing across firms that innovate, simultaneous outsourcing increases the probability of future innovation by 5%. Innovation-oriented outsourcing is accompanied with firms shifting expenditure to research and development. Our results offer strong support that outsourcing may be used not just as a cost-cutting strategy, but as a part of a comprehensive firm strategy to innovate and improve.
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NIE, Pu-yan, Chan WANG, You-hua CHEN, and Yong-cong YANG. "EFFECTS OF SWITCHING COSTS ON INNOVATIVE INVESTMENT." Technological and Economic Development of Economy 24, no. 3 (2018): 933–49. http://dx.doi.org/10.3846/tede.2018.1430.
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Switching costs and innovation are two major issues in economics. Prior research demonstrates the effects of switching costs on competition, but ignores the influence of switching costs to firm innovation. So the purpose of this study is to reveal the relationships between switching costs and cost-reducing innovation by considering brand loyalty. All our theoretical conclusions are captured by game theory based on a two-stage duopoly model. The conclusions of this study show that under moderate conditions, switching costs improve competition. Strong firms implement lower price when switching costs are present than when they are not present. Second, at the asymmetric equilibrium, lower-efficiency firms with switching costs launch less innovative investments than do those without switching costs, while higher-efficiency firms with switching costs launch more innovation. But under symmetric equilibrium, switching costs have no effect on innovative investment. The novel contributions of this paper are that we find switching costs and loyalty have vertical impacts on firms’ cost-reducing innovation, which extends the theory of switching costs.
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Koliedina, K. O. "Analyzing the Innovative Activity of the Industrial Enterprises of Ukraine in Kharkiv Region." Business Inform 10, no. 513 (2020): 67–73. http://dx.doi.org/10.32983/2222-4459-2020-10-67-73.
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It is defined that the important role in the development of Ukrainian economy belongs to the industrial production sector, wherein the scientific-technological progress and innovation are generated, presenting this very sector as a «driver» of economic growth. It is determined that the largest number of innovatively active industrial enterprises of Ukraine is located in Kharkiv region. Hence, the article is aimed at researching the status of innovative activity of industrial enterprises of Kharkiv region. The analysis of the main indicators of innovation activity of industrial enterprises of the region was carried out. It was identified that the share of enterprises that introduced innovations is insignificant, and the share of innovative products sold by them is generally little tangible in the total volume of the products sold. It is reasoned that this situation may indicate a negative tendency of deterioration of the quality of innovative products and its uncompetitiveness in the market. The distribution of the total costs of industrial enterprises of Kharkiv region by the directions of their innovation activity is researched. It is defined that the bulk of innovation costs are directed by enterprises to purchase machinery and equipment, and the share of costs for the internal and external R&D is extremely small, which indicates the imperfection and irrationality of the existing structure of costs. It is determined that the key factor in stimulating innovation activity at industrial enterprises of Kharkiv region is the attraction of the governmental and foreign investments for the development, creation and implementation of innovations, since the main source of innovation financing at present is the own funds of enterprises. It is proved that without changing the present day situation with regulation in the field of innovations, an increase in the competitiveness of industrial enterprises of Kharkiv region in the near future and an acceleration of the pace of their innovative development is problematic.
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Nina Dorosh and Alina Snetkova. "DIRECTIONS OF ACCOUNTING AND ANALYTICAL PROVISION FOR THE INVESTMENT IN INNOVATIONS OF FOOD INDUSTRY ENTERPRISES." European Cooperation 3, no. 43 (2019): 36–54. http://dx.doi.org/10.32070/ec.v3i43.52.
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Nowadays, innovation activity is becoming the most important factor of economic development. The scale and effectiveness of innovation are the major contributing items, which determine the level of socio-economic development of the country and its national security. The large-scale and multi-vector changes of recent decades have transformed a significant part of the world's socio-economic processes. The speed of change has significantly accelerated, and competitiveness is increasingly determined by innovations. There is a need to study the innovative component of investment. Ukraine faces objectively necessary investment processes for transition to an innovative model of development. Taking into account these trends, the question about the theoretical coverage of the main approaches and the display of information on the costs of innovation of enterprises in Ukraine, adhering to national and international accounting standards, becomes of particular urgency. Thus, the author considers the accounting and analytical support issues of innovative activity of enterprises of the processing industry, in particular, the food industry of Ukraine. A thorough analysis of approaches to the interpretation of the definition of "innovation" has been conducted. Component analysis of national and international statistical indicators of Ukraine's innovation potential has been carried out. The dynamics of the introduction of innovations in industrial enterprises by types of activities and directions of innovations is presented. The features of cost accounting for innovations in processing enterprises (on the example of enterprises of the food industry) were investigated and accounting approaches were adopted for ensuring the costs of innovations and R & D taking into account the accounting standards and international financial reporting standards. Specific objects of accounting, accounts of synthetic and analytical accounting are outlined. The author has proved that the use of the proposed approaches to accounting for investment in innovations requires additional regulation both at the state level and at the enterprise level. The measures for improving the accounting of investments in innovations of the enterprises of the processing industry are proposed, and the creation of a unified method of accounting for the costs of innovations is proposed.
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Dudchenko, Alexander V., Timothy V. Bartholomew, and Meagan S. Mauter. "High-impact innovations for high-salinity membrane desalination." Proceedings of the National Academy of Sciences 118, no. 37 (2021): e2022196118. http://dx.doi.org/10.1073/pnas.2022196118.
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Reducing the cost of high-salinity (>75 g/L total dissolved solids) brine concentration technology would unlock the potential for vast inland water supplies and promote the safe management of concentrated aqueous waste streams. Impactful innovation will target component performance improvements and cost reductions that yield the highest impact on system costs, but the desalination community lacks methods for quantitatively evaluating the value of innovation or the robustness of technology platforms relative to competing technologies. This work proposes a suite of methods built on process-based cost optimization models that explicitly address the complexities of membrane-separation processes, namely that these processes comprise dozens of nonlinearly interacting components and that innovation can occur in more than one component at a time. We begin by demonstrating the merit of performing simple parametric sensitivity analysis on component performance and cost to guide the selection of materials and manufacturing methods that reduce system costs. A more rigorous implementation of this approach relates improvements in component performance to increases in component costs, helping to further discern high-impact innovation trajectories. The most advanced implementation includes a stochastic simulation of the value of innovation that accounts for both the expected impact of a component innovation on reducing system costs and the potential for improvements in other components. Finally, we apply these methods to identify innovations with the highest probability of substantially reducing the levelized cost of water from emerging membrane processes for high-salinity brine treatment.
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Машкіна, Аліна Сергіївна. "ОЦІНЮВАННЯ ВПЛИВУ ІННОВАЦІЙ НА СОЦІАЛЬНО-ЕКОНОМІЧНИЙ РОЗВИТОК ПІДПРИЄМСТВ В УМОВАХ ЕКОНОМІКИ ЗНАНЬ". TIME DESCRIPTION OF ECONOMIC REFORMS, № 3 (7 листопада 2023): 12–19. http://dx.doi.org/10.32620/cher.2023.3.02.
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The current state of world economic development leads to the emergence of new paradigms for innovations and the promotion of knowledge related to economic activity, which necessitates the determination of the parameters in which innovations will impact on the socio-economic functioning and development of individual enterprises as subjects of the development in the knowledge economy. The aim of the research. The purpose of this article is to evaluate the impact of innovativeness on the socio-economic development of enterprises in the conditions of the knowledge economy and to highlight the directions of such influence. The subject of the research is the influence of innovations on the development of the enterprise. The methods of the research. In the researched analysis of literary sources, correlation analysis and generalization were used. The hypothesis of the research: innovations contribute to the socio-economic development of enterprises. The statement of basic materials. The main research material. According to the Global Innovation Index (GII), Ukraine took 55th place among 37 countries with a group of economies with income below 132 economies. The main innovative advantages of Ukraine and weak points are identified. As a result of the correlation analysis of costs for innovations of industrial enterprises and the volumes of net profit of enterprises, it was found that innovations affect the volumes of net profit, however, this is not a key factor, but rather one of the factors of growth of the enterprise's profit. As a result of the correlation analysis of the costs of industrial enterprises for innovation and the volume of enterprises sales, it was determined that innovations contribute to the increase of the volume of sales, and, therefore, the growth of the scale of the enterprise, which, in turn, indicates socio-economic growth. A study of the place in the market of the most innovative enterprises of Ukraine determined that innovations contribute to the increase of capital. The originality and practical significance of the research. The conducted research confirms the need for the development of innovations to increase the company's profitability, strengthen competitive advantages and strengthen its position on the market. Conclusions and perspectives of further research. Innovation provides positive business outcomes, allowing them to have sustainable long-term growth, lower costs and automated work for employees. At the same time, innovation leads to increased costs that businesses incur in training staff to adapt to the innovation, or in other cases where the company has to hire new and skilled employees who can be trained and follow the innovation
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Petrov, S. P. "The Link Between Innovation Process Performance and Technological Innovation Costs in Russian Industries." Vestnik NSUEM, no. 2 (July 6, 2020): 138–59. http://dx.doi.org/10.34020/2073-6495-2020-2-138-159.
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Firms incur technological innovation costs to create and retain competitive advantages on market. It seems reasonable that innovation process performance depends on amount of costs on it. According to Structure – Conduct – Performance paradigm this dependency means that firms conduct influence on market performance. But this link is much more nuanced because there is a significant influence of features of industries in which firms operate. In Russia technological innovation costs lead to a high results in some industries and in other of them this link is weak like innovation intensity.
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Barasa, Laura. "Corruption, transaction costs, and innovation in Africa." African Journal of Science, Technology, Innovation and Development 10, no. 7 (2018): 811–21. http://dx.doi.org/10.1080/20421338.2018.1519061.
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Corum, Lyn. "SunPower looks to innovation to reduce costs." Renewable Energy Focus 11, no. 6 (2010): 36–38. http://dx.doi.org/10.1016/s1755-0084(10)70134-4.
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Bhattacharyya, Sugato, and Vikram Nanda. "Client Discretion, Switching Costs, and Financial Innovation." Review of Financial Studies 13, no. 4 (2000): 1101–27. http://dx.doi.org/10.1093/rfs/13.4.1101.
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Busko, Amy. "Drying Bed Innovation Saves Time, Cuts Costs." Opflow 42, no. 5 (2016): 24–25. http://dx.doi.org/10.5991/opf.2016.42.0028.
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Adler, Robert S. "Innovation, Safety, and Costs: A Delicate Balance." Health Affairs 12, no. 3 (1993): 271–73. http://dx.doi.org/10.1377/hlthaff.12.3.271.
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Francis, Jennifer, and Abbie Smith. "Agency costs and innovation some empirical evidence." Journal of Accounting and Economics 19, no. 2-3 (1995): 383–409. http://dx.doi.org/10.1016/0165-4101(94)00389-m.
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Oliinyk, Oleksandr, Tamila Oliynik, Vitaly Makogon, and Svitlana Brik. "Modeling the Efficiency of Operating Costs in Introducting Innovations in the Agrarian Sphere." International Journal of Information Technology Project Management 14, no. 1 (2023): 1–12. http://dx.doi.org/10.4018/ijitpm.323208.
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The purpose of the work is to demonstrate the results of modeling the impact of innovation on the efficiency of operating costs for crop production by agricultural enterprises. Based on the dialectical method of cognition, abstract-logical, and graphic methods were used; nonlinear correlation-regression analysis and economic-mathematical modeling It is established that the innovations of technical and technological character contribute to the increase of the extremum of the yield function. At the same time, the impact of innovation on the profit function is twofold. In the case of free product innovation, an increase in output estimated at market prices generates an increase in the extremum of the profit function while increasing the profit optimum of costs. That is why the latter is approaching the technological optimum. In turn, the innovation payoff affects the profit curve, reducing the value of the cost optimum and the function extremum. However, a significant increase in the cost of an innovative product can lead to a decrease in profit below the achieved level.
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Kombe, Victor. "Effects of Financial Innovations on Performance of Commercial Banks in Kenya." African Journal of Commercial Studies 2, no. 1 (2023): 12–26. http://dx.doi.org/10.59413/ajocs/v2.i1.2.
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Understanding how financial innovations affect Kenya's commercial banks' performance is the main goal of the current study. The United States has long been a leader in financial innovation. However, in terms of financial innovation, China and African nations like Kenya and Nigeria have taken the lead globally. Kenya presently leads the world in mobile money services. The conflicting results of the positive and negative performance of commercial banks as a result of financial innovations served as the impetus for the current study. A literature review technique was adopted in the research. The study's overall conclusions demonstrate that financial innovations improve financial performance, as seen by an increase in transactions, the creation of convenience, and decreased maintenance costs. Banks that are incorporating financial innovations are therefore better positioned to boost their revenue and customer satisfaction, both of which are linked to increased performance. According to the report, authorities should make sure that there are laws in place that can foster an environment where banks may keep innovating.
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Kombe, Victor. "Effects of Financial Innovations on Performance of Commercial Banks in Kenya." African Journal of Commercial Studies 2, no. 1 (2023): 12–26. https://doi.org/10.59413/ajocs/v2.i1.1.2.
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Understanding how financial innovations affect Kenya's commercial banks' performance is the main goal of the current study. The United States has long been a leader in financial innovation. However, in terms of financial innovation, China and African nations like Kenya and Nigeria have taken the lead globally. Kenya presently leads the world in mobile money services. The conflicting results of the positive and negative performance of commercial banks as a result of financial innovations served as the impetus for the current study. A literature review technique was adopted in the research. The study's overall conclusions demonstrate that financial innovations improve financial performance, as seen by an increase in transactions, the creation of convenience, and decreased maintenance costs. Banks that are incorporating financial innovations are therefore better positioned to boost their revenue and customer satisfaction, both of which are linked to increased performance. According to the report, authorities should make sure that there are laws in place that can foster an environment where banks may keep innovating.
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Гылка, К., K. Gylka, А. Грибинча, A. Gribincha, А. Кабаха, and A. Kabaha. "Innovation in the Service of Sustainable Development of Developing Economies." Scientific Research and Development. Economics of the Firm 8, no. 1 (2019): 11–15. http://dx.doi.org/10.12737/article_5c7f939c0b02a5.35051766.
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Innovation processes do not have the same features through the lens of employed capital and the results obtained, but differ in level depending on the type of innovation, the size of the company, the strategy and its experience in the field of innovation. A variety of processes innovation innovations create difficulties in analyzing the costs and results of innovation using micro-aggregated data. As a result, the study of innovative business activity is focused on the facilitators of innovation and their influence through the competitive advantages of an enterprise by sector or economy as a whole.
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Merkulov, Illia, and Olga Guk. "Management of Innovation Implementation at the Enterprise." Modern Economics 23, no. 1 (2020): 130–35. http://dx.doi.org/10.31521/modecon.v23(2020)-21.
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Introduction. At the current stage of the economy of Ukraine, there is a special significance in the development of problems of enterprises effective development. The main problems of industrial enterprises are connected with low consumption of their products, a high level of wear and tear of the main funds, a significant amount of costs for good service and for other reasons. On the current day, one of the main ways to improve the efficiency of organizational performance is to provide innovation. It is the introduction of innovations that will help enterprises to solve these problems. Purpose. The purpose of the article is to clarify the essence of the concept of “innovation implementation”, its role and significance for the activities of enterprises, as well as to describe the stages of implementation of innovation at the enterprise. Results. The article is devoted to the issue of innovation management in the enterprise. This paper, based on research by domestic and foreign scientists, considers the management of innovation in the enterprise, which emphasizes the importance of understanding the stages of the innovation process to achieve the effectiveness of innovative development of the enterprise. A brief overview of the stages of innovation implementation is presented and their characteristics are given. The issue of evaluating the effectiveness of innovations is considered and it is found that depending on the objectives of innovation, the results and costs taken into account, the effect on economic, scientific and technical, resource, social, environmental can be classified.The authors also consider the approach to the introduction of innovations in the enterprise in relation to the innovation load. There are three stages of innovative development of the enterprise. Conclusions. The conclusion is made about the importance of keeping the stages in the process of introducing innovations at the enterprise. It was found that the introduction of innovations is influenced by both the external and internal environment of the enterprise. It was found that the goal of introducing innovations can be not only economic factors, but also other effects, such as social, economic and others.
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Skinner, Jonathan. "Why Not Better and Cheaper? Healthcare and Innovation." Journal of Economic Literature 62, no. 1 (2024): 330–32. http://dx.doi.org/10.1257/jel.62.1.317.r9.
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Jonathan Skinner of Dartmouth University reviews “Why Not Better and Cheaper? Healthcare and Innovation” by James B. Rebitzer and Robert S. Rebitzer. The Econlit abstract of this book begins: “Considers why the US health-care system is becoming neither better nor more affordable over time, contending that the health sector generates the wrong kinds of innovation by making it easy to profit from low-value innovations and difficult to do the same from innovations that reduce care costs.”
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Haki, Kazem, Hüseyin Tanriverdi, Dorsa Safaei, Marius Schmid, Stephan Aier, and Robert Winter. "Generativity and Profitability on B2B Innovation Platforms: A Simulation-based Theory Development." MIS Quarterly 48, no. 2 (2024): 583–612. http://dx.doi.org/10.25300/misq/2023/17710.
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Firms generate innovations to profit from market opportunities, which are newly identified customer needs not yet being met in the market. The rising complexity of market opportunities requires collaboration among multiple partner firms. However, this multipartner collaboration increases transaction and production costs when generating innovations. To address these challenges, incumbents build B2B innovation platforms with mechanisms to reduce partners’ transaction and production costs. We do not yet know if and when partners would choose to use the incumbent’s traditional service innovation model or the B2B innovation platform and how this choice would affect the generativity and profitability of innovations for the incumbent and the partners. We used agent-based modeling and simulation to develop a theory to address these questions. We found that the complexity of market opportunities interacts with the B2B innovation platform’s transaction and production mechanisms to jointly affect whether partners use the platform and when the incumbent and partners achieve generativity and profitability. When the complexity of market opportunities is low, partners use the traditional service innovation model. As complexity increases to medium or high levels, partners begin to use the B2B innovation platform mechanisms to address the transaction and production challenges presented by the complexity of market opportunities. However, there are limits to how much the platform mechanisms can address these challenges. The complexity of market opportunities inhibits the emergence of network effects on B2B innovation platforms and limits the generativity and profitability of platform partners. There are diminishing benefits of investing in the platform’s transaction and production mechanisms, and complexity affects whether the platform owner or the partners profit from innovations generated on the platform.
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Gerush, I., V. Khodorovskyy, T. Shchudrova, O. Korotun, and T. Bilous. "OVERVIEW OF HEALTHCARE INNOVATION AND ENTREPRENEURSHIP." Neonatology, Surgery and Perinatal Medicine 14, no. 3(53) (2024): 11–17. http://dx.doi.org/10.24061/2413-4260.xiv.3.53.2024.2.
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The healthcare system is under constant pressure from a growing and aging population, escalating healthcare costs, limited resources and increasing demand. Achieving the triple aim of healthcare – improving care, improving health and reducing costs – requires innovation. According to the World Health Organization (WHO), health innovation is the development of new or improved health policies, systems, products and technologies, services and delivery methods that improve people’s health, with a particular focus on the needs of vulnerable populations. Health innovations have both technological (innovative products, services or processes) and non-technological (organizational, policy, educational and social innovations) dimensions and play a critical role in improving the productivity, effi ciency, reliability, sustainability, safety and cost-eff ectiveness of health care. This article is the fi rst in a series of publications on innovation and entrepreneurship in health care. The paper examines the main types and categories of innovation and entrepreneurship, analyzes current innovation trends and directions in healthcare, factors that infl uence the adoption of innovative technologies in medical practice, and the characteristics of a human- centered approach to design thinking in healthcare. The article also discusses the concept of value- based healthcare, which focuses on providing the best possible care to achieve the best possible outcomes for each patient, using available resources effi ciently, and how innovation can improve the cost, quality, and access to healthcare.
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Šūmakaris, Paulius, Renata Korsakienė, and Deniss Ščeulovs. "Determinants of Energy Efficient Innovation: A Systematic Literature Review." Energies 14, no. 22 (2021): 7777. http://dx.doi.org/10.3390/en14227777.
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Engaging firms to generate and adopt energy efficient innovation is crucial for balancing energy needs for sustainable development. In addition, a reduction in energy consumption can address environmental problems and lower production costs by reducing materials and/or energy costs and costs related to compliance with regulations. Considering the lack of systematic reviews focused on the determinants of energy efficient innovation, we address this gap and set forth to enhance the body of knowledge in the field of energy efficient innovation. To achieve the research aim, a systematic literature review and qualitative content analysis were conducted. This study offers two contributions. First, the study distinguishes the determinants of energy efficient innovation in three levels: micro-level, meso-level, and macro-level. According to the findings, the following determinants of energy efficient innovation are highlighted at the micro-level: (1) cost savings; (2) previous experience; (3) technological capabilities; (4) green capabilities; (5) innovation capabilities; (6) knowledge development; (7) organizational innovations; (8) financial resources; (9) investment in tangible assets. Meanwhile, the determinants are distinguished at the meso-level: (1) competitive pressure; (2) customer and provider pressure; (3) external knowledge cooperation; (4) social pressure; (5) voluntary agreements. Finally, the determinants are disclosed at the macro-level: (1) government subsidies; (2) current or future regulation. Second, the study provides insights on the determinants of energy efficient innovation and sets an agenda for future research. The study demonstrates the need for further investigations on the drivers of energy efficient innovation as compared to general eco-innovation.
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Poltarykhin, Andrey L., Dariko K. Balakhanova, Yulia S. Filina, and Dmitry A. Soloshenko. "IMPROVING AN ORGANIZATION’S INNOVATION STRATEGY." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 11/3, no. 152 (2024): 15–23. https://doi.org/10.36871/ek.up.p.r.2024.11.03.002.
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The purpose of the article is to offer recommendations for increasing the innovation activity of organizations. As research methods, economic, strategic and statistical methods were used, as well as methods of comparison, scientific abstraction, synthesis, logical analysis, etc. The study analyzed the concepts of “innovation”, “innovative activity”, “innovation potential”, an innovation potential management system, indicators for assessing an organization’s innovation activity and possible strategies for increasing it. Recommendations are proposed. It was concluded that innovations can increase the efficiency of business processes, optimize costs, reduce time and improve the quality of products (services). Developing an effective innovation strategy can help an organization become more cost-effective and competitive and innovatively active.
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Kmecová, Iveta, and Marek Vokoun. "Innovation activities of Czech businesses: differences between urban and rural businesses." SHS Web of Conferences 73 (2020): 02002. http://dx.doi.org/10.1051/shsconf/20207302002.
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Innovative activities of small and medium-size enterprises (SMEs) in rural areas and in Czech economy are relatively unexplored areas. Socioeconomic and environmental contributions of SMEs activities can be gained not only by means of ecological innovative activities of rural SMEs. Rural areas are also a suitable localization strategy for obtaining public money from subsidies, as there is no great direct competition and lower costs. SMEs economic contributions are irreplaceable both for urban and rural areas. Socioeconomic impact of ecological innovations for urban and rural areas is connected with the advantages of circular economy, such as reduced energy consumption, less pollution and waste, and well-organized product recycling options after use. The hypotheses are focused on the localization of businesses into rural areas, size of enterprises introducing innovations in the market, and ecological product and processes innovations. Estimation is based on 4 innovation phases as in the case of the general innovation business process. The 2014 data set is provided by the Czech Statistical Office contains the Community Innovation Survey. The results for 2014 indicate that localization does not affect the first phases of the innovation process, and that the innovative activities increase the costs of the R&D activities.
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VYTVYTSKA, Olga. "INNOVATIVE PROCESSES IN STIMULATING THE DEVELOPMENT OF AGRICULTURAL ENTERPRISES." Ukrainian Journal of Applied Economics 5, no. 3 (2020): 275–81. http://dx.doi.org/10.36887/2415-8453-2020-3-29.
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Introduction. The concentration of agricultural enterprises on the implementation of innovations allows them to adapt to modern environmental conditions and stay on the market for a long time. Innovative solutions in the agri-food sector can help increase food production efficiency. Such technologies can help reduce production costs, increase yields and added value. Today, there is an urgent need to address issues related to stimulating the development of agricultural enterprises, as well as to analyze innovation processes and identify factors that negatively affect the innovation climate in the agricultural sector. Objective. The purpose of the study of the peculiarities of innovation processes in stimulating the development of agricultural enterprises and substantiation of the directions of intensification of the innovation process in the agricultural sector. Methods. In conducting research, a set of such methods and techniques of scientific knowledge was used: abstract-logical (in forming the logical-structural scheme of the system of economic relations of participants in new forms of business organization), monographic and economic-statistical (in assessing the current state of innovation); methods of analysis and synthesis (in the formalization and evaluation of the effect of factors on the development of innovation processes), the method of scientific comparison. Results. The peculiarities of innovation processes in stimulating the development of agricultural enterprises are studied. The role of innovation processes related to the dynamics of the intensity of research and development, the ratio of costs for research and development and GDP, production and the penetration of high technology. It is determined that the system of economic relations of participants of agrarian enterprises of innovative direction is based on entrepreneurial and innovative environment. The indicators of innovation activity in the priority direction "Rational use of nature" are analyzed. The largest share of financing costs in the priority thematic area "Prospective technologies of the agro-industrial complex and processing industry" has been established. The analysis of the dynamics of the number of introduced new technological processes and innovative types of products for 2012-2019, units The main directions of national incentives for the development of agricultural enterprises based on innovations, the impact of innovation processes on stimulating the development of agricultural enterprises in terms of the interests of the region, innovative incentives for the development of agricultural enterprises. It was found that the process of using innovations to stimulate agricultural enterprises can be represented as a set of tools, factors that encourage the development of entrepreneurship in solving the most important problems of the agricultural sector, region (state), as well as certain mechanisms of their interaction. Keywords: innovations, innovation processes, incentives, agricultural enterprises, innovative solutions.
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Mezrina, N. M., and N. G. Sokolova. "METHODOLOGY FOR CALCULATING STANDARDS OF INVESTMENT FOR INNOVATION IN EQUIPMENT OF THE SERVICE OF MAINTENANCE AND REPAIR OF TECHNOLOGICAL EQUIPMENT." Bulletin of Udmurt University. Series Economics and Law 32, no. 1 (2022): 62–71. http://dx.doi.org/10.35634/2412-9593-2022-32-1-62-71.
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The purpose of planning maintenance and repair of maintenance and repair of equipment at industrial enterprises is to keep the equipment in working, technically sound condition, ensuring its high performance and uninterrupted operation. In the planning of maintenance and repair, primary attention is paid to identifying the investment needs for innovation in the equipment of the maintenance service, since the use of fundamentally new materials during the overhaul of equipment can lead to the creation of new methods of maintenance and repair of equipment and the use of technological innovations in its planning.Despite the challenges of investing in innovation such as risk and uncertainty about the economic benefits of innovation, investing in innovation in equipment maintenance and repair planning solves the challenge of creating an exclusive product. Due to the fact that the actual costs of investments in innovation in some cases differ significantly from the planned ones, it is necessary to develop a "methodology for calculating the rates of investment in innovation in equipment for the maintenance and repair of technological equipment", which will minimize the discrepancy that occurs between the actual costs and planned, reduce costs and improve the efficiency of the system of preventive maintenance, improve the regulatory framework for planning maintenance and repair of equipment. We come to the conclusion that the economic role of rationing is that with the help of standards the most important proportions in the planning of maintenance and repair are justified, the development of material production is ensured, innovation activity is regulated and the investment needs for innovation in industrial enterprises are calculated.
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N., Proskurnina. "COMPLEX INNOVATIONS TESTING FOR OPERATORS OF RETAIL TRADE DURING THE CONSUMPTION PROCESS." ECONOMIC STRATEGY AND PROSPECTS OF TRADE AND SERVICES SECTOR DEVELOPMENT 1 (29) (July 2, 2019): 170–84. https://doi.org/10.5281/zenodo.3265702.
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<em>The features of the promotion and introduction of innovations initiated by users in the context of the implementation of the analytical function of marketing of retail operators are investigated. It is noted that innovations of innovating users differ from innovations generated by innovating producers by their initial motivation to innovate.</em> <em>It was noted that the retail operator acts as an intermediary between production and consumption, as well as the initiator of innovative changes, which should be tested in the framework of the trade network. It has been revealed that stimulation of user’s innovations allows achieving additional positive socio-economic effects of innovation activity: more efficient satisfaction of consumer needs, reduction of transaction costs for the dissemination of knowledge. The principles that it is advisable to follow to implement policies aimed at supporting user-initiated innovations are given. It is revealed that the introduction of custom innovations involves the effective use of non-formalized knowledge gained and accumulated as a result of interaction with consumers. The innovative areas of development of retail operators are identified, which implementation will lead to increased competitive advantage and identify reserves for innovative research. The types of models for testing innovations are considered depending on their internal or external orientation, level of involvement and the necessary amount of financial obligations. The rules for creating innovative laboratories are given, the implementation of which increases the efficiency of developing and implementing innovations in a retail operator. It was noted that the creation of innovative laboratories can increase sales, reduce costs and get benefits in the positioning of the retail brand. The types of innovative laboratories of the retail network are characterized; they can be divided into groups depending on the scope of their activities: the use of best practices, marketing tools and experience; improving or implementing a digital and e-commerce platform; improvement of warehousing, logistics and execution services. It was noted that retail operators should collaborate together to create innovation laboratories to participate in the innovation processes and integrate the new technologies into their business models.</em>