Innovation Strategies and Competitive Advantages

Modern Economics: Problems, Trends, Prospects, Vol.8, Issue 1, pp. 10-26 (Sovremennaâ èkonomika: problemy, tendencii, perspektivy, vol. 8, pp. 10-26)

17 Pages Posted: 4 Jun 2013

See all articles by Shqipe Gerguri

Shqipe Gerguri

South East European University (SEEU)

Gadaf Rexhepi

South East European University

Veland Ramadani

South East European University at Tetovo

Date Written: June 3, 2013

Abstract

This paper addresses the meaning of innovation what does innovation present, types of innovation specifically discussing the right way of usage. In order for companies to get the as more innovations as possible it is necessary for them to be familiar with the process of innovation and its principles which innovation was found on.

There are several types of innovation or ways in which companies can achieve innovation in a level of whole organization. This paper discusses the ways how that can be achieved-starting from their products and services, ways of selling, supply, etc.

Innovation can be financed by merit-based awards (grants) and external equity, such as: business angels, venture capital and corporations.

Keywords: innovation, principles, strategies, innovation sources, benefits, financing

JEL Classification: O1, O31, O40​

Suggested Citation

Gerguri, Shqipe and Rexhepi, Gadaf and Ramadani, Veland, Innovation Strategies and Competitive Advantages (June 3, 2013). Modern Economics: Problems, Trends, Prospects, Vol.8, Issue 1, pp. 10-26 (Sovremennaâ èkonomika: problemy, tendencii, perspektivy, vol. 8, pp. 10-26), Available at SSRN: https://ssrn.com/abstract=2273521

Shqipe Gerguri (Contact Author)

South East European University (SEEU) ( email )

Ilindenska nn
Tetovo, 1200
Macedonia

Gadaf Rexhepi

South East European University ( email )

Ilindenska nn
Tetovo, 1200
Macedonia

Veland Ramadani

South East European University at Tetovo ( email )

Ilindenska bb
Tetovo, 1200
Macedonia
+38944356080 (Phone)
+38944356001 (Fax)

HOME PAGE: http://www.seeu.edu.mk

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