Abstract
Background:Currently, the issue of the company’s innovative development is relevant in all areas of activity. Railway transport, which has one of the development vectors such as an innovative component, poses for itself the task of achieving high competitiveness through active innovative developments and implementations. This direction is influenced by external and internal factors, which should be taken into account while developing and implementing the company's innovative development strategy.Nowadays, there is increase in the development of global competition and in the transfer of innovations in all areas of service industries, including the railway sector. In recent years, the countries of the Asian region have adopted a strategy for developing the competitiveness of the transport sector through innovative development and the transfer of technology.Objective:The study aims at investigating environmental factors which influence innovative development of transport company and evaluating their interdependence using correlation-regression analysis.Methods:The correlation-regression analysis and comparative approach were used to develop the model.Results:Two Rail corporations from Asian region were investigated. External and internal factors influencing innovative development of these corporations were found; significant in explaining the factors’ interdependence was discussed.Conclusion:Different groups of factors influence innovative development of transport companies in Asia. These findings can be used as information for managers to develop strategic programs to improve innovative development process in Asian transport companies.
Highlights
Innovative development of the company is the basis for increasing the efficiency of its activities
Proceeding from this premise, this study presents a set of external and internal factors; their impact on the company's strategy is assessed, and conclusions on the research results are presented
Variable models were coded as follows: x1 - the percentage of personnel engaged in research activities, x2 - the volume of public investment, x3 - the passenger turnover of railway transport in the country, x4 - the financial stability factor, x5 - the turnover ratio of the advanced capital, x6 - the availability of innovative compounds, y - the percentage of passengers transported on innovative trains
Summary
The issue of the company’s innovative development is relevant in all areas of activity. Railway transport, which has one of the development vectors such as an innovative component, poses for itself the task of achieving high competitiveness through active innovative developments and implementations. This direction is influenced by external and internal factors, which should be taken into account while developing and implementing the company's innovative development strategy. There is increase in the development of global competition and in the transfer of innovations in all areas of service industries, including the railway sector. The countries of the Asian region have adopted a strategy for developing the competitiveness of the transport sector through innovative development and the transfer of technology
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