Innovation in enterprises in the conditions of market economy  Cover Image

Innowacyjność przedsiębiorstw w gospodarce rynkowej
Innovation in enterprises in the conditions of market economy

Author(s): Elżbieta Pohulak-Żołędowska
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: entrepreneur; opportunism; R&D; risk; state; market

Summary/Abstract: The present article considers the problems of innovations in enterprises and the role that the state plays in market economy with respect to the innovative behavior of firms. The Schumpeterian approach to innovation puts an emphasis on the entrepreneur as a person who innovates spontaneously, and whose opportunist motives lead to innovation and profit. Contemporary market economies’ innovation and competitiveness strongly rely on breakthrough innovations – the ones that create new products to the market. These innovations are created mainly in public laboratories, and they are completely determined by the state. These are high-risk, high-cost innovations, thus unlikely performed by enterprises. There are also incremental innovations which are mainly a subject of enterprises’ activity. However, their importance to innovation and competitiveness of economies is not that great. The goal of the article is to define the conditions of proinnovative behavior of firms, with the emphasis put on the support given by the state to the R&D activity of firms. In order to achieve the objective of the article, the literature analysis and the data analysis have been performed.

  • Issue Year: 2015
  • Issue No: 402
  • Page Range: 284-296
  • Page Count: 13
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