How can state support the innovations to build sustainable competitive advantage of the country
As the crisis gets longer and deeper, growth disparities between some European regions are increasing, there is an even stronger need to accelerate innovation support and deepen it in the areas crucial to innovation, such as higher education, innovation-based entrepreneurship and demand-side measures. Europe needs fresh dynamism in its economy. Existing industries and the countries, too, need to develop new applications and new business models in order to grow and maintain their competitive advantage. This calls for an innovation-driven structural change, attracting top talent and reward innovative entrepreneurs, offering them much better opportunities to start and grow new businesses. Several studies were done exploring the innovations and their importance for the companies to achieve a sustainable competitive advantage. The article describes basic approaches and the model of relationship between key factors and their influence on the construct success of the company. As an outcome from this model it is clear that innovation orientation of the management and ability to launch innovations onto the market are central aspects of the success. The article deals with current status of innovations in Slovakia, identifying what are the preconditions for future development of the environment that is supporting innovations and how are they fulfilled in Slovakia.
Bailom, F., Matzler, K., & Tschemernjak, D. (2007). Enduring Success. New York, USA: Palgrave McMillan.
Chesbrough, H., Vanhaverbeke, W., & West, J. (2006). Open Innovation: Researching a new Paradigm. Oxford, UK : Oxford University Press.
Cooper, R.G. (2005). Product Leadership. New York, USA: Basis Books.
D’Aveni, R.A. (2007). Mapping Your Competitive Position. Harvard Business Review, 85(11): 110-120.
Hamel,G., & Prahalad, C.K. (1994). Competing for the Future. Boston, USA: Harvard Business Review.
Krugman, P. (1994). Competitivness: A Dangerous Obsession. Foreign Affairs, 72(2): 28-44.
Ministry of Economy of the Slovak Republic (2010). Innovation policy for years 2011 – 2013 in the department of the Ministry of Economy of the SR. (In Slovak).
Porter, M.E. (1991). Towards a Dynamic Theory of Strategy. Strategic Management Journal, 12: 95-117.
Sloane, P. (2011). A Guide to Open Innovation and Crowdsourcing: Advice From Leading Experts. London , UK: Kogan Page.
Slovak Statistical Office: http://portal.statistics.sk/showdoc.do?docid=7196
Štofková, K. (2012). Public expenditures. In Štofková, J. et al., Funds and financial management. University textbook. Žilina : EDIS Publisher. (in Slovak)
Švec, M. (2012). Culture of labor world: Dependent work and agreements on work performed outside employment. Bratislava, Slovakia: Friedrich Ebert Stiftung. (In Slovak).
Tushman, M.L., & O’Reilly III, Ch.A. (1997). Winning through Innovations. Boston, USA: Harvard Business School Press.
Zajac, Š. (2002). Innovation and Slovakia. Pp 45-54 In: Second Multinational Panel Meeting – Innovation Policy Issues in Seven Candidate Countries: The Challenges. Luxembourg, European Commission DG.
The Author wishes to submit the Work to SJM for publication. To enable SJM to publish the Work and to give effect to the parties’ intention set forth herein, they have agreed to cede the first right to publication and republication in the SJM Journal.
The Author hereby cedes to SJM, who accepts the cession, to the copyright in and to the paper.
The purpose of the cession is to enable SJM to publish the Work, as first publisher world-wide, and for republication in the SJM Journal, and to grant the right to others to publish the Work world-wide, for so long as such copyright subsists;
SJM shall be entitled to edit the work before publication, as it deems fit, subject to the Authors approval
The Author warrants to SJM that:
- the Author is the owner of the copyright in the Work, whether as author or as reassigned from the Author’s employee and that the Author is entitled to cede the copyright to SJM;
- the paper (or any of its part) is not submitted or accepted for publication in any other Journal;
- the Work is an original work created by the Author;
- the Author has not transferred, ceded, or assigned the copyright, or any part thereof, to any third party; or granted any third party a licence or other right to the copyright, which may affect or detract from the rights granted to SJM in terms of this agreement.
The Author hereby indemnifies the SJM as a body and its individual members, to the fullest extent permitted in law, against all or any claims which may arise consequent to the warranties set forth.
No monetary consideration shall be payable by SJM to the Author for the cession, but SJM shall clearly identify the Author as having produced the Work and ensure that due recognition is given to the Author in any publication of the Work.
Should SJM, in its sole discretion, elect not to publish the Work within 1 year after the date of this agreement, the cession shall lapse and be of no further effect. In such event the copyright shall revert to the Author and SJM shall not publish the Work, or any part thereof, without the Author’s prior written consent.