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The Impact of Innovation into the Economic Growth - LMU

Munich Personal RePEc ArchiveThe Impact of Innovation into theEconomic GrowthGerguri, Shqipe and Ramadani, VelandSouth East European University at Tetovo, Faculty of BusinessAdministration20 May 2010 Online Paper No. 22270, posted 23 Apr 2010 10:49 UTC Page | 1 THE Impact OF Innovation INTO THE Economic Growth Authors: 1 Shqipe Gerguri, MA Veland Ramadani, PhD Apstract Competition between companies differentiates a lot nowadays compared to many years before. They compete in "nicety" that are so small but so important. Companies are trying to achieve competitive advantage in order to help them obtain a better and a stable position in the marketplace.

Such innovation sources as universities and other non-profit R&D institutions scored just 3.7 % and 2.9 %, respectively.8 According to another research, we met these sources of innovations:9 1. The market-Watch it carefully. Unexpected market or industry structure changes can provide potential innovative opportunities. In addition, changes in

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