Long-term research on technology innovation in the form of new technology patents

Abstract

Recent changes in innovation development are related to the new technological revolution (Industry 4.0), pandemic, economic crises, and new legislation. These trends provide new opportunities for the improvement of production materials, construction, processes, and capacities. Innovative technologies improve the processes of business analyses and forecasting, as well as new product development, order processing, logistics, production automation, quality control, and marketing. Modern technologies are gradually replacing ergonomically demanding and dangerous occupations. Such innovations are particularly necessary for the transformation of problem companies and regions, as they often have a significant impact on economic development. This study is part of our long-term research on the technology innovation of problem companies and regions. Its primary goal is to methodically emphasize the importance and role of technology innovation management, mainly in problem companies, and analytically compare the innovation success of regions and countries from a global perspective. The study was carried out from 2015 to 2021. The time scope of the analyzed data is 2000–2018. The results show a certain Asian dominance in technology innovation management, in terms of the number of technology patents as well as of the growth dynamics and the ability to overcome the pandemic and crises in general.