Drivers of exploitative and explorative innovation efficiency

Nigg-Stock, Arabella; Bayrle, Niklas; Brecht, Leo

doi:10.1016/j.digbus.2023.100062

Digital Business

2023

DOI: 10.1016/j.digbus.2023.100062

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Drivers of exploitative and explorative innovation efficiency

Arabella Nigg-Stock

Niklas Bayrle

Leo Brecht

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Cited by 5 publications

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“…In this case, each aspect of the project is considered from the perspective of the investor, society, state, etc. In this case, each aspect represents a formalized criterion of effectiveness [13]. This approach can be used in hierarchical management systems when the target criteria changes depending on the level of management: enterprise, subject of the federation, or national economy.…”

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confidence: 99%

Sustainable Economic Development of Enterprises: A Methodology Based on the Toolkit

Chupina,

Chursin,

Boginsky

et al. 2023

Sustainability

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At the present time, an effective methodological toolkit has not been developed to manage economic processes in modern conditions in order to ensure the sustainable economic development of enterprises. On the basis of mathematical modeling, it has been proposed that such a tool could be created to provide a quantitative assessment of the main parameters in the creation of innovative products and activities of enterprises. Additionally, on the basis of this tool, decision makers could regulate these processes by introducing additional resources and buying risks. For this purpose, it is necessary to modernize the means of production, which requires a reassessment of the technical level of enterprises. It is possible to achieve these parameters through a certain technical policy of production modernization. In this aspect, the technical policy of enterprises should consider the fact that, depending on the complexity of innovative products put for development and production, the time lag between the start of production of such products and the moment when they enter the market with competitive advantage changes. This competitive advantage is determined by the design methods at a given cost. At the same time, the service models of enterprises are used as one of the most important tools to achieve the profitability of the enterprise, leading to its sustainable economic development. As a result of the proposed toolkit, a strategy for managing the processes of the sustainable economic development of enterprises could be developed based on the creation of an intelligent system using artificial intelligence and the use of large databases that create information support for decision makers to regulate these processes. This set of tools makes it possible to achieve the organization of sustainable economic development. To assess the technical, economic, and technological level of the enterprise, a complex integral indicator was obtained on the basis of mathematical modeling. It was proposed to confirm the obtained integral assessment by comparing the obtained calculated data with an expert assessment. The method of expert evaluation is used in the article. Expert assessments were obtained in science-intensive organizations in which the authors held managerial positions and were engaged in scientific projects. The obtained inputs were formulated based on the analysis of the reporting documentation provided by the organizations. The conducted research indicates the importance of the proposed practical recommendations and materials for solving the tasks set in this study.

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mentioning

confidence: 99%

Sustainable Economic Development of Enterprises: A Methodology Based on the Toolkit

Chupina,

Chursin,

Boginsky

et al. 2023

Sustainability

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How does China's digital government construction affect enterprise exploratory innovation? Insights based on invention knowledge inertia

Ren,

Gao,

Sun

et al. 2024

Digital Business

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RETRACTED: Green innovations and patents in OECD countries

Heshmati

Tsionas

2023

Journal of Cleaner Production

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Drivers of exploitative and explorative innovation efficiency

Cited by 5 publications

References 58 publications

Sustainable Economic Development of Enterprises: A Methodology Based on the Toolkit

Sustainable Economic Development of Enterprises: A Methodology Based on the Toolkit

How does China's digital government construction affect enterprise exploratory innovation? Insights based on invention knowledge inertia

RETRACTED: Green innovations and patents in OECD countries

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