SWOT Analysis of the Innovation System in Bosnia and Herzegovina
SWOT Analysis of the Innovation System in Bosnia and Herzegovina

Author(s): Miloš Trifković, Dženana Husremović
Subject(s): National Economy, Higher Education , State/Government and Education, Methodology and research technology, Social development, Economic development, Socio-Economic Research, Sociology of Education
Published by: Akademija Nauka i Umjetnosti Bosne i Hercegovine
Keywords: Bosnia and Herzegovina; knowledge society and economy; innovation system; SWOT analysis of innovation system; general development strategies; sectorial strategies of innovation system development;
Summary/Abstract: The current global position of Bosnia and Herzegovina confirms the findings of previous research that in our country there is no single or at least harmonized and efficient innovation system, appropriate to the needs of the development of knowledge society and the knowledge economy. The first steps in determining the reasons for this situation are SWOT analyses of the position and role of the innovation system within the general strategic and sectorial research and technology transfer planning. The paper discusses the most important results of matrices obtained and compares them with the findings of our latest research. The first result is a concise SWOT matrix of the innovation system. The results of the elaboration of individual factors we present in a detailed SWOT matrix based on elements of strength. This matrix also showed that uniform and stabilized higher education is the most important element of the strength of the innovation system. Therefore, the paper specifically discusses characteristics of universities as subjects of the innovation system.

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