Challenges and perspectives before innovative activities in the European union countries Cover Image

Предизвикателства и перспективи пред иновационната дейност в страните от Европейският съюз
Challenges and perspectives before innovative activities in the European union countries

Author(s): Milen Emilov Dinkov
Subject(s): Business Economy / Management, Micro-Economics
Published by: Икономически университет - Варна
Keywords: innovation; novation; organizational efficiency; technological development
Summary/Abstract: In recent years innovation-related issues have become more and more relevant and relevant. The society begins to understand the importance of innovation and its role in all spheres of life - they are the reason for the development of the market, the improvement of the quality and the expansion of the range of goods and services, the creation of new production methods, the emergence of a new kind of trade or improving management efficiency.High innovation activity is a prerequisite for the economic development of each country. This is achieved through growth in the volume of realized investment resources, their most efficient use in the priority areas of material production and the social sphere. The benefits of innovation are varied. It is generally accepted that innovation is crucial to improving economic performance, social welfare and environmental sustainability. On the other hand, they can improve organizational efficiency, provide higher quality and more timely services to citizens, reduce costs, provide new working methods, and enable better implementation and management in new directions