Cross-Country Analysis of Competitiveness Towards Innovation Potential Assessment for Industrials

Abstract

The global competitiveness report reveals cross-regional and cross-country disparities, and the innovation development of industrials shows how difficult it is to build and support competitiveness at a high level and increase innovation potential. The bibliometric analysis proves the diversity of the studies in the field and the increasing trend in paper production. The lack of understanding of the link between different levels of competitiveness and the need to monitor and forecast innovative development necessitated the cross-country benchmarking of industrials' innovation potential. The offered methodology is a seven-stage algorithm of innovation potential assessment, based on an existing GCI methodology modified to reveal innovation development differences, and tendencies for particular industries. The ranking was performed for major industrial countries to reveal the gaps in innovative activities and develop catch-up strategies.

Assessment of the innovation potential of the selected regions

“…Scientists (e.g. Schumpeter, 1939;Schlesinger Jr., 1986;Twiss, 1989;Sangadiyev et al, 2006;Lunarski et al, 2007;Drucker, 2009;Freeman, 2017;Hudakova et al, 2018;Langham et al, 2020;Waldron et al, 2020;Farrow, 2021;Shvets et al, 2021;Andriushchenko et al, 2022;Franco et al, 2022;Heilala, 2022;Liu et al, 2022;Maâlej, 2022;Mikelsone et al, 2022;Nikita-Ruohonen, 2022;Repeshko, 2022;Sawalkar et al, 2022;Sheffield et al, 2022;Shvindina et al, 2022;Sinclair-Desgagne, 2022;White, 2022) analyze innovation though different lenses. They look at this broad phenomenon via changes, resources, processes and results.…”

“…Maâlej (2022); Chehabeddine, Grabowska and Adekola (2022) point out that innovation is essential in the environmental dimensions of economic growth. Shvindina, Taraniuk, Kotenko, Abayomi, Taraniuk and Qiu (2022) understand the innovation potential as a difference between the system's current state in terms of innovation performance and its potential outcomes based on existing innovative capabilities.…”

Innovative activity of industrial enterprises of Kazakhstan: research of factors and key indicators

“…In addition, a certain pool of publications is devoted to issues that reflect the prospective conditions for the development of single-industry towns, taking into account the context of their functioning, including the innovation aspect (Mitroshina & Skufina, 2021), assessing innovation potential based on the existing GCI methodology, modified to identify differences and trends in the innovative development of individual sectors of the economy, including the industrial sector ( Shvindina et. al., 2022), as well as the classification of the factors of innovative development of the industry by the nature of the demand for innovation, the peculiarities of the influence of market environment factors, the type of competition, etc.…”

Model Inkubasi Bisnis Kolaborasi Dan Dampaknya Terhadap Inovasi Industri Kreatif Di Jawa Timur Indonesia

“…Digital disruption innovation is an innovation that has succeeded in changing the industrial landscape in terms of structure, technology, and marketing models (Kurniati & Suryanto, 2022). However, for (Shvindina et al, 2022), building and supporting competitiveness at a high level is complex, and increasing the potential for innovation is also a challenge. Meanwhile, Saulina (2016) states that innovation capabilities in the context of SMEs are relatively limited due to the scarcity of literature on this topic.…”