ECONOMIC GROWTH AND INNOVATION: HOW MANAGEMENT STRATEGIES SHAPE NATIONAL DEVELOPMENT
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Аннотация:
This article explores how management strategies influence the relationship between innovation and national economic growth. It explains that innovation alone is not enough to ensure development — what truly matters is how organizations, industries, and governments manage and support innovation. Using insights from both classic and modern theories of economic growth, the paper discusses the role of management practices such as research and development (R&D), human capital investment, and strategic planning. It also examines public policies that help nations turn innovation into sustainable progress. The article concludes with key recommendations for managers and policymakers to strengthen innovation systems and promote inclusive national development.
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