Assessment of the Implementation of Innovations in Lithuania Industrial Enterprises

Abstract

With the ever-changing needs of consumers and technology, innovation is seen as an essential element of business to ensure the success and competitiveness of companies in the marketplace. The aim of this article is to identify and evaluate the factors determining the implementation of innovations in Lithuanian industrial enterprises. The article examines the concept of innovation, classification models and theoretical factors of innovation implementation. According to the developed research methodology, a questionnaire survey of companies in the engineering and technology industry sector was conducted. The analysis of the research data, which allowed to identify the most important factors for the implementation of innovations, identified problem areas. At the end of the study, a model of factors determining innovation implementation was created, based on the innovation implementation process, empirical research data and the disturbance management process. The model depicts the factors determining and hindering the implementation of innovations identified in the empirical research, integrated into the process of innovation implementation, and the process of eliminating disturbances proposed for the hindering factors. At the end of the article, the research conclusions and suggestions are presented.