The relationship between strategic innovation and key competencies in a dynamic competitive environment Cover Image
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Релацията „стратегически иновации – ключови компетентности“ в условията на динамична конкурентна среда
The relationship between strategic innovation and key competencies in a dynamic competitive environment

Author(s): Rumen Georgiev
Subject(s): Economy, Business Economy / Management
Published by: Институт за икономически изследвания при Българска академия на науките
Keywords: value; competitiveness; value factors; strategic innovation; key competencies; competitive cooperation (co-opetition); uncertainty

Summary/Abstract: The focus is placed on the leading issue in mesoeconomics: strategic innovation and the competitive mobility of business. The strategic innovations of companies are analyzed systematically in terms of the creation and distribution of value (worth) that is different from other market values, while key competencies are discussed as “special junctions” of routines and technologies without which it is impossible to diversify the potential markets. The necessity for the objective contradiction between competencies and markets to be continually overcome through strategic decisions and how the key competency for competitive cooperation (Co-opetition) becomes a strategic necessity in the dynamic conditions of the Fourth Industrial Revolution are justified. The analysis of the joint creation of new value factors with the help of clusters and other strategic alliances is carried out based on the following criteria: the minimization of possible costs and the maximization of possible sources for gaining added value; balancing the potential risks of interaction in the value network related to the contribution of each company towards achieving the common goal.

  • Issue Year: 2019
  • Issue No: 4
  • Page Range: 13-26
  • Page Count: 14
  • Language: Bulgarian