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...

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Main Authors: Maxim SANDU, Lilia ŞARGU, Alexandr GRIBINCEA
Format: Article
Language:English
Published: Academy of Economic Studies of Moldova (AESM), Center for Studies in European Integration 2017-06-01
Series:Eastern European Journal of Regional Studies
Subjects:
Online Access:http://www.csei.ase.md/journal/files/issue3/EEJRS2017_0301_SAN.pdf
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author Maxim SANDU
Lilia ŞARGU
Alexandr GRIBINCEA
author_facet Maxim SANDU
Lilia ŞARGU
Alexandr GRIBINCEA
author_sort Maxim SANDU
collection DOAJ
description 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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spelling doaj-art-b072d57a841f468dbc8f6ad6edc706a02025-08-02T16:54:09ZengAcademy of Economic Studies of Moldova (AESM), Center for Studies in European IntegrationEastern European Journal of Regional Studies1857-436X2537-61792017-06-01316069Innovations as a Factor for Ensuring Economic SafetyMaxim SANDU0Lilia ŞARGU1Alexandr GRIBINCEA2Free International University of MoldovaUniversity of European Studies of MoldovaFree International University of MoldovaIn 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.http://www.csei.ase.md/journal/files/issue3/EEJRS2017_0301_SAN.pdfInnovation policyinnovation advantagecompetitivenesseconomic securityinnovative componentmodel of economy
spellingShingle Maxim SANDU
Lilia ŞARGU
Alexandr GRIBINCEA
Innovations as a Factor for Ensuring Economic Safety
Eastern European Journal of Regional Studies
Innovation policy
innovation advantage
competitiveness
economic security
innovative component
model of economy
title Innovations as a Factor for Ensuring Economic Safety
title_full Innovations as a Factor for Ensuring Economic Safety
title_fullStr Innovations as a Factor for Ensuring Economic Safety
title_full_unstemmed Innovations as a Factor for Ensuring Economic Safety
title_short Innovations as a Factor for Ensuring Economic Safety
title_sort innovations as a factor for ensuring economic safety
topic Innovation policy
innovation advantage
competitiveness
economic security
innovative component
model of economy
url http://www.csei.ase.md/journal/files/issue3/EEJRS2017_0301_SAN.pdf
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