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Practical management : journal of management in theory and practice, Vol. 5 No. 2, 2014.

Professional paper

INNOVATION AS A GENERATOR OF SOCIO-ECONOMIC DEVELOPMENT

Marina Jovićević Simin ; College of professional studies in Management and Business Communication
Miladin Kalinić ; College of professional studies in Management and Business Communication
Dragan Janjušić ; College of professional studies in Management and Business Communication

Full text: english pdf 462 Kb

page 55-60

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Abstract

In spite of the positive social climate, personnel and material capacities for the development of innovative activities, the results in our country are not satisfactory. This indicates that there is a need to detect and remove the barriers which prevent faster development of innovative activities. Therefore, a quick and strong orientation towards the economy of knowledge and the development of technological and scientific capacities of the country is the only alternative for Serbia at the beginning of the 21st century.Modern innovative processes, due to their complexity, require training of staff for new jobs such as: professionals for marketing activities, patent engineers, lawyers and economists who will deal with innovation management and the introduction, protection, and application of intellectual property. By comparing the total average public and business R&D expenditures in the period from 2000 to 2009 (0.3% of GDP) and the total expenditures of other countries, it could be concluded that the innovative potential for commercialization of new products in Serbia is about ten times lower than the average in the European Union. This is far from the recommendations of the Lisbon Declaration, which suggest that it is necessary to allocate about 3% of GDP for encouraging technological development. Only one third of this sum should be from the budget of European countries, and two thirds should be enterprise investments in research and development. The success of a particular enterprise depends on their cooperation with other participants in the “innovation system”, which involves participants from business sector, public sector and knowledge sector. The interconnection is crucial for the success of the Triple Helix model, and the relationship between enterprises and scientific institutions is particularly important.

Keywords

innovation; innovation index; knowledge creation; patents; human resources

Hrčak ID:

135705

URI

https://hrcak.srce.hr/135705

Publication date:

23.12.2014.

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