IMPACT OF FOREIGN DIRECT INVESTMENTS ON DEVELOPMENT
OF INTEGRAL INNOVATION MANAGEMENT
Fakultet za ekonomiju i inženjerski menadžment u Novom Sadu, Cvećarska 2, 21 000 Novi Sad, Srbija
4th International Scientific – Business Conference LIMEN 2018 – Leadership & Management: Integrated Politics of Research and Innovations, Belgrade – Serbia, December 13, 2018, CONFERENCE PROCEEDINGS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; Faculty of Engineering Management – Belgrade, Serbia; Modern Business School – Belgrade, Serbia; Faculty of Business and Management Sciences – Novo Mesto, Slovenia; Faculty of Business Management and Informatics – Novo Mesto, Slovenia; Business Academy Smilevski – BAS, Skopje, Macedonia; BAS Institute of Management, Bitola, Macedonia, ISBN 978-86-80194-15-8
The scope of the paper is to present the results of research related to the impact of
foreign direct investments on the development of innovation capacities. The main premise of
the work is that one segment of macroeconomic growth is linked to innovation efforts. A serious
limitation of competitiveness in the Western Balkan countries are underdeveloped institutional
and physical infrastructure, as well as a limited potential for innovation. Through direct foreign
investment, it is possible to develop an integral innovation-oriented management system.
foreign direct investment, integral management system, innovation, innovation
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