Innovation in Romanian Companies – Trends and Patterns

Abstract:

Innovation is a key element for the organizations and ensures the success of the business. Through this paper, the author wants to highlight statistical data on innovation in the Romanian companies during the period 2014-2016, by economic activities and with reference to the number and weight of innovative companies, the typology of innovators, the number of companies with new products, the turnover from innovation, as well as other important indicators. Any research and development activity within the company is considered innovative. The more a company spends on R&D, the more it will develop and implement new innovations and become more competitive on the market. With The Global Innovation Index (2018) the author is highlighting also the rank of Romania between European countries and the areas of improvements.