Title: Competitiveness and innovative development of industrial enterprises: a case of Ukraine

Authors: Valeria Kolosok; Yana Trusova

Addresses: Pryazovskyi State Technical University, Engels St.1-7, 87500, Mariupol, Ukraine ' Pryazovskyi State Technical University, pr. Metallurgov 85-18, 87500, Mariupol, Ukraine

Abstract: Competitiveness of industrial enterprises is seen as the main issue in many countries over the world. Scientific investigations reveal that industrial enterprises have to focus on innovation processes. Therefore, the transition toward innovative development of industrial enterprises is seen as the prerequisite for long-term success. However, some companies still apply outdated technologies what leads to the weaker competitive position in the global market. The paper aims to reveal the approaches of innovative development, adopted by Ukrainian industrial enterprises. The emphasis is put on metals and mining companies, playing an important role in the country's economy. The investigations, based on statistical data, let us disclose what innovations are developed by enterprises and what external and internal factors foster and hinder development of innovations. The research contributes to scientific elaborations by providing new insights into theory development.

Keywords: innovation; innovative development; competitiveness; industrial enterprises; Ukraine; metals; mining industry.

DOI: 10.1504/IJBEM.2015.068352

International Journal of Business and Emerging Markets, 2015 Vol.7 No.2, pp.137 - 154

Received: 14 Jul 2014
Accepted: 01 Oct 2014
Published online: 31 Mar 2015 *

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