Evaluation of Influence of Innovation on Enterprise Productivity

doi:10.20896/saci.v7i1.527

Abstract

In small and medium-sized enterprises of Kazakhstan, not enough attention has been paid to the relationship between innovation and enterprise productivity, as well as the measurement of the existing relationship. Therefore, the purpose of the article is to study the impact of innovations (productive or process, organisational, marketing) on the productivity of small and medium-sized enterprises of Kazakhstan. The data used in the research were obtained from the review conducted by the Business Environment and Enterprise Performance Survey and the European Bank for Reconstruction and Development and the World Bank. Besides, the results of the survey among small and medium-sized enterprises of Kazakhstan conducted in 2012-2014 were considered as well. Based on the survey results, descriptive statistics and correlation and regression analysis were conducted. According to the results of the study and econometric analysis, model creation and evaluation, the positive impact of innovation, investment and R&D on the performance of small and medium-sized enterprises in Kazakhstan was established. In conclusion, it can be stated that in order to increase the level of innovative activity, enterprises must focus their activities on expanding the production of new or improved products, be competitive in the market due to the application of new technologies and improve the quality of products. &nbsp

Highlights

At enterprises and organisations that are considered to be the main links in the country's economy, a thriving organisation of innovative activity provides an excellent opportunity for achieving the intended goal
Innovation plays a special role in increasing the productivity of an enterprise
In Kazakhstan, to increase the productivity of an enterprise, it is necessary to determine the role of the innovation strategy and consider ways of introducing it into the enterprise

Summary

Introduction

At enterprises and organisations that are considered to be the main links in the country's economy, a thriving organisation of innovative activity provides an excellent opportunity for achieving the intended goal. Innovative ideas and their continuous implementation are the main factors in the development of any enterprise. This, in turn, affects the increase in labour and enterprise productivity and the emergence of new industries, as well as the increase in the competitiveness of domestic goods in the world market and quality of services provided (Mukhametzhanova, 2017b; insert few more references).

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Conclusion