Publication detail

Fulfilment of the Innovation Potential of Large Businesses: Identifying the Critical Factors

CEBÁKOVÁ, A. PUTNOVÁ, A. ZÁKLASNÍK, M.

Original Title

Fulfilment of the Innovation Potential of Large Businesses: Identifying the Critical Factors

Type

conference paper

Language

English

Original Abstract

Innovation is positively recognized as a source of wellbeing, economic growth and long-term success of a firm. It is not question, whether, but how to innovate especially in the terms of globalization, Industry 4.0 and new trends in the environment. Different factors have impact on the corporate innovation activities. Innovation capacities are driven within the company by various aspects, such as management approach, knowledge, creativity or leadership. External factors, different innovation policies of countries, market forces, environmental changes or technological capability, play also an indisputable role. The source of innovation usually lies on the interface between the firm and its environment. Large firms are the main leaders in the innovation process based on the latest data. Specialised departments, which focus mainly on innovation, can be found in majority of them. Large firms have the advantage of various skills and specialised knowledge obtained due to their wide range of activities and human capital. The possibility of progress in employee career when their proposal is accepted or diversity of impulses to innovate gained by operation in globalized environment can have positive impact. On the other hand, large firms are not very flexible compared to small and medium- sized firms, but they have superior financial resources to invest as a result of their size. Based on the research, factors, which lead to the fulfilment of innovation potential in the large firms are discussed and evaluated in a case study.

Keywords

Innovation; organization;management;large businesses; innovation factors;

Authors

CEBÁKOVÁ, A.; PUTNOVÁ, A.; ZÁKLASNÍK, M.

Released

27. 12. 2018

Publisher

GEORG, Bajzova 11, 010 01 Zilina

Location

Zilina

ISBN

978-80-8154-249-7

Book

Globalization and Its Socio-Economic Consequences

Pages from

2015

Pages to

2021

Pages count

2926

URL

https://ke.uniza.sk/sites/default/files/content_files/v_part_final.pdf

BibTex

@inproceedings{BUT152599,
  author="Andrea {Cebáková} and Anna {Putnová} and Martin {Záklasník}",
  title="Fulfilment of the Innovation Potential of Large Businesses: Identifying the Critical Factors",
  booktitle="Globalization and Its Socio-Economic Consequences",
  year="2018",
  pages="2015--2021",
  publisher="GEORG, Bajzova 11, 010 01 Zilina",
  address="Zilina",
  isbn="978-80-8154-249-7",
  url="https://ke.uniza.sk/sites/default/files/content_files/v_part_final.pdf"
}