Multilevel transfer of innovations: Cognitive modeling to decision support in managing the economic growth

Author:

Shkarupa Olena1ORCID,Boronos Viktoriia2ORCID,Vlasenko Dmytro3,Fedchenko Kostiantyn4

Affiliation:

1. Doctor of Economics, Professor, Department of Economics, Entrepreneurship and Business Administration, Sumy State University

2. Doctor of Economics, Professor, Sumy State University

3. Ph.D., Sumy State University

4. Ph.D. Student, Sumy State University

Abstract

An essential aspect of the country’s economic growth is the transfer of innovation, which is very important nowadays. The innovative projects can be implemented through it at the level of households, companies, institutions, and local communities. The transfer of innovations is intended to cause a cumulative effect and stimulate economic growth. It is important to determine the influence of different factors on this process and consider the feedbacks in the “enterprise-region-state” system, which will increase the level of control over the process. The paper aims to find scientific instruments for managing the multilevel transfer of innovations, representing the connections between factors that act as catalysts/inhibitors of that process. The proposed methodology uses systems analysis, indicative analysis, and cognitive modeling (Fuzzy Cognitive Maps (FCM)). Based on the study results, a cognitive model was formed based on identifying the “strength of impact” of connections between elements that determine the level of influence of the micro- and macro-environment factors of the innovation multilevel transfer. From a practical point of view, this allows obtaining forecasts of its behavior under different management actions. To implement the research results, it is necessary to determine management tools that will allow stakeholders in the system “enterprise-region-state” to make a transfer of innovations most effective. It demonstrates the need for further research in this area and assessing the potential consequences of management decisions for economic growth. AcknowledgmentThis research was funded by a grant from the Ministry of Education and Science of Ukraine “Modelling the Transfer of Eco-Innovations in the Enterprise-Region-State System: Impact on Ukraine’s Economic Growth and Security” (No. 0119U100364).

Publisher

LLC CPC Business Perspectives

Subject

Strategy and Management,Business and International Management,General Business, Management and Accounting,Information Systems and Management,Law,Sociology and Political Science,Public Administration

Reference41 articles.

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2. Boronos, V. G., Shkarupa, O. V., Demchyshak, N. B., Sineviciene, L., & Kubakh, T. G. (2020). Strategic orientation of innovative activity regulation: Ukraine and EU integration process. Financial and credit activity: problems of theory and practice, 1(32), 307-318.

3. Chukhray, N. I. (2017). Barriers and benefits of university-business cooperation in Ukrainian innovation sector. Naukovyi visnyk Mizhnarodnoho humanitarnoho universytetu – Scientific Bulletin of the International Humanities University, 25(2), 21-24. (In Ukrainian). - http://nbuv.gov.ua/UJRN/Nvmgu_eim_2017_25%282%29__7

4. European Commission (EC). (2018). European Innovation Scoreboard 2018. - https://op.europa.eu/en/publication-detail/-/publication/8e458033-74fc-11e8-9483-01aa75ed71a1/language-en/format-PDF/source-99539237

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