INNOVATION – MODERN MEANS OF ACHIEVING COMPETITIVENESS

RADKA IVANOVA

Abstract

The generation of new ideas is essential to increase the competitive advantage of business organizations in terms of constant search for ways and means of improvement. New ideas are the basis of innovation and innovative activity of enterprises. The fast pace, at which consumer requirements change, requires investing in innovative solutions to ensure the continued existence and development of business organizations. Namely innovations are the main driving force of the market economy.
The main purpose of this article is to consider innovation, their relationship with science and opportunities for their development using OPIC 2014-2020.

Key words

innovations, new ideas, competitive, development of business organization.

JEL Codes: O 1, O 3,

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