The Importance of Investments in Scientific Research in the Innovative Activity of Industrial Enterprises
Journal Title: Journal of Economics, Finance and Management Studies - Year 2024, Vol 7, Issue 05
Abstract
In the article, the importance of investments in scientific research in the implementation of digital transformation and automation in industrial enterprises is studied on the example of developed countries, such as USA, theoretical and practical proposals are made for directing investments in scientific research in digitization and automation of industrial enterprises of Uzbekistan. The innovative activity of industrial enterprises should be such that it creates innovations in all processes: from research and development to production, from production to management, from sales to delivery to consumers, to study of the post-consumer situation, introduction of new digital and automated technologies, management system evaluation of activities, improvement of the functionality of products and technologies, reduction of costs and increase of efficiency, organization and production of marketing and advertising activities, with coverage of consumers, convenient delivery to customers, packaging, clarification of product description and rules of use of the product, as well as benefits or advantages obtained as a result processes should be covered. In addition, having a certain share of the main products in the total volume of production, it is possible to create business models with the aim of achieving a large amount of income from the main products due to the increase in the volume of sales with new technologies of production. The use of investment funds by industrial enterprises in the direction of scientific research in their innovative activities has a great effect.
Authors and Affiliations
Vahidjon P. Meliev
Keywords
Related Articles
- EP ID EP736160
- DOI 10.47191/jefms/v7-i5-76
- Views 47
- Downloads 0
Determining the Phillips Curve and Okun's Law in Indonesia
This research aims to analyze the direct effect of inflation on growth, the direct effect of inflation on unemployment, the direct impact of economic growth on unemployment, and the indirect effect of inflation on unempl...
The Effect of Employee Engagement, Work Discipline and Work Motivation on Employee Performance in BRI Unit Giriwoyo Office
This study sought to determine how employee motivation, work discipline, and engagement affected the performance of Office BRI Unit Giriwoyo staff. The study's demographic and sample comprised 31 Office BRI Unit Giriwoyo...
Cultural Heritage Management. Case study “Tobacco Museum in Kavala”
Cultural heritage in Greece is natural and also, sources from human activity. Thus, it needs to be protected as a whole by the state. For such a reason, local responsible authorities cooperate with the Ministry of Cultur...
The Effect of Profitability, Liquidity and Leverage Ratios on Internet Financial Reporting and Company Size as Moderating Variables During The Covid 19 Pandemic (An Empirical Study on the BEI Various Industries Sub-Sector)
Internet media has become a tool that provides a means for open company financial reporting as information for external parties because openness can reduce the level of information asymmetry that can occur in financial r...
The Effect of Inventory Turnover, Cash Turnover, and Receivable Turnover on Profitability at Telecommunication Companies during the Covid-19 Pandemic
This study aimed at analyzing three different turnovers of current asset elements: the inventory turnover, the cash turnover, and the receivable turnover on profitability. Data is taken in the form of financial statement...