Journal of Artificial Intelligence and Digital Economy
Vol. 1 No. 11 (2024): Journal of Artificial Intelligence and Digital Economy

DEVELOPING AN INNOVATION STRATEGY FOR ENTERPRISES TO ENHANCE COMPETITIVENESS

Israilov Rustam Ibragimovich (Associate Professor of the Department of "Accounting and Audit" of the Namangan Engineering and Technological Institute)



Article Info

Publish Date
05 Dec 2024

Abstract

Objective: This study aims to explore the role of development strategies in enhancing organizational competitiveness amidst a rapidly changing environment, emphasizing the significance of an innovation-driven approach to achieving long-term sustainability. Methods: The research employs a qualitative analysis of market-driven strategic frameworks and their application within industries and sectors, emphasizing the integration of socially-oriented transformations and innovation strategies into organizational operations. Results: The findings indicate that adopting an innovation strategy significantly contributes to the growth of industries and sectors within the national economy. Organizations with a focus on sustainable innovation demonstrate improved adaptability to evolving market conditions and a stronger foundation for maintaining competitive advantages. Novelty: This study highlights the interplay between innovation strategies and socially-oriented transformations as pivotal for modern organizations. It underscores the dual role of innovation as both a driver of national economic growth and a tool for creating sustainable competitive advantages in a dynamic environment.

Copyrights © 2024






Journal Info

Abbrev

JAIDE

Publisher

Subject

Description

Journal of Artificial Intelligence and Digital Economy is part of the Discover journal series committed to providing a streamlined submission process, rapid review and publication, and a high level of author service at every stage. It is an open-access, community-focused journal publishing research ...