UDC 338.24
DOI: 10.36871/u.i.k.2024.08.01.006
Authors
Vsevolod O. Sumin,
O. E. Kutafin Moscow State Law University (MSAL)
Scientific supervisor: Lela V. Chkhutiashvili
Abstract
In the modern world, the development of an enterprise is closely linked to the integration of innovative processes. Innovations play a key role in ensuring competitiveness and sustainable growth, allowing the company to quickly adapt to changes in the market environment and consumer preferences. They help not only to improve products or services, but also to optimize internal processes, increase efficiency and strengthen competitive advantages. An important component of a successful innovation process is cooperation with research organizations, universities and other enterprises, which allows you to share knowledge and experience, find new ideas and implement successful solutions faster.
Keywords
innovation, modern business landscape, optimization, efficiency, strengthening competitive advantages, stimulating creativity, introduction of flexible management methods.
