Year: 2024
Type: conference-paper
Abstract: The purpose of the study is to develop and form an innovative strategy for organizing production.The main focus is on identifying the key elements necessary for a successful innovation strategy that improves production processes and increases the competitiveness of the organization.To achieve this goal, comprehensive research methods were used, including analysis of existing innovation strategies in similar industries, conducting a SWOT analysis to identify internal and external factors influencing innovation capabilities, and interviews with key stakeholders in the organization.Skilled observations and analysis of production data were also used to identify bottlenecks and potential areas for improvement.One of the outstanding results of the study is the development of specific strategic recommendations for the innovative development of production.The study identified key factors such as an internal culture of innovation, the need to implement new technologies, and process optimization that formed the basis for the strategic plan.The conclusion is that a successful innovation strategy requires not only technical change, but also an emphasis on developing managerial and cultural aspects within the organization.
Author: Lalita Musaevna Idigova
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4403040138