Innovation diffusion as a catalyst for industrial company’s economic growth | Zendy

Elena Efimova | Zendy; N. Kuznetsova | Zendy; Julius Ramanauskas | Zendy

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Innovation diffusion as a catalyst for industrial company’s economic growth

Author(s) -

Elena Efimova,

N. Kuznetsova,

Julius Ramanauskas

Publication year - 2014

Publication title -

management theory and studies for rural business and infrastructure development

Language(s) - English

Resource type - Journals

eISSN - 2345-0355

pISSN - 1822-6760

DOI - 10.15544/mts.2014.045

Subject(s) - diffusion , context (archaeology) , portfolio , industrial organization , business , economics , economic geography , economic system , finance , geography , physics , thermodynamics , archaeology

The goal of the paper concerns essential issue of economic growth diffusion and innovation diffusion in the context of its spatial dissemination forming framework of the electro technical industry of Russia and the Netherlands main actors micro-level growth comparison. Comparison of two companies economic growth and innovation diffusion proves that Russian high-tech LOMO4 having inormous innnovation portfolio but lack of financial capital could proceed only organic growth and hierarchical innovation diffusion compared to financial and innovational world giant Philips which shows growth scenario of organic and inorganic growth assimilation that implies hierarchical innovation diffusion priority and higher competitiveness than LOMO. JEL codes: D22, L63, O00, O31.

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