Formation of an Innovative Strategy for the Organization of Production
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.
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
About this article
Publication Date
30 September 2024
Article Doi
eBook ISBN
978-1-80296-966-5
Publisher
European Publisher
Volume
4
Print ISBN (optional)
-
Edition Number
1st Edition
Pages
1-1008
Subjects
sustainable development, ecology, economy, technologies, green technologies
Cite this article as:
Idigova, L. M., Plis, S. A., & Khadueva, Y. A. (2024). Formation of an Innovative Strategy for the Organization of Production. In K. A. Said-Akhmadovich, & A. S. Salamova (Eds.), Modern Trends in Governance and Sustainable Development of Socio-economic Systems: From Regional Development to Global Economic Growth, vol 4. European Proceedings of Multidisciplinary Sciences (pp. 54-61). European Publisher. https://doi.org/10.15405/epms.2024.09.8