THE EFFECTIVENESS OF INNOVATION PROJECTS IN POLISH INDUSTRY
The objective of the study was to determine the dependency of the net income from the sales of new and significantly modernised products on the expenditure on (1) marketing and staff training as well as on the expenditure on (2) land, buildings and structures; machinery, technical equipment and tool...
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| Format: | Article |
| Language: | English |
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Juraj Dobrila University of Pula
2016-03-01
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| Series: | Review of Innovation and Competitiveness |
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| Online Access: | https://hrcak.srce.hr/file/229571 |
| Summary: | The objective of the study was to determine the dependency of the net income from the sales of new and significantly modernised products on the expenditure on (1) marketing and staff training as well as on the expenditure on (2) land, buildings and structures; machinery, technical equipment and tools; and means of transportation within the scope of product and process innovations in Polish industry in 2010. Furthermore the study was intended to determine the effectiveness of the abovementioned expenditure aggregated to descriptive variables (1 and 2). In the study, the correlation and regression methods as well as the least squares method was applied.The estimation resulted in the determination of functional dependency of net sales income on the expenditure on marketing and staff training (0.5040) as well as on the expenditure on land, buildings and structures; machinery, technical equipment and tools; and means of transportation (0.8064) in the field of innovative processes in industry. The net sales income increased more than proportionally relative to the combined effect of the aforementioned expenditure (1.3104). The total increase in the aforementioned expenditure by 10% resulted in the increase in net sales income by 13.1%. The determined power regression model may have practical implications for the economic evaluation of expenditure in innovative processes in Polish industry in the future, as well as for the forecast (prediction).The expenditure application in innovative processes may also have social implications connected to the increase in the value-in-use of products and with the increase in the social efficiency of work in Polish industry. |
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| ISSN: | 1849-8795 1849-9015 |