Statistical analysis of the factors impeding innovations in Azerbaijani industry

Abstract

The main purpose of the study is the analysis of factors obstructing the implementation of the innovations in industrial sector of the Republic of Azerbaijan. The implementation of innovative approaches in production processes necessitates major costs and it creates the problem about their minimization. The paper deals with the analysis of the characteristics of various types of innovation and their acceptance by various industrial enterprises. Systematization of literary sources and approaches for the innovation implementation shows the deficiency of multifaceted solutions for this issue. In the study, various factors having effect on the innovation level of industrial companies were generalized. The paper summarized arguments and counterarguments on analysis of implementation of different types of innovation in industrial operations. The difficulties faced on the way of implementation of innovations, the reasons behind them and measures to deal with them have been analyzed. Governmental, social, economic, and organizational incentives have been highlighted as the main motivator for the realization of various innovations in industrial sphere. The targets of this research are clarifying the relation between innovation types and features of industrial units and identifying the connection between obstacles for implementation of innovations in industrial sector. 95% significance level for mean of factors obstructing the realization of industrial innovations being accepted as more effective or less effective, and hypothesis testing for comparison of the mean of these factors have been prepared