Programme to measure business innovation

Thursday, Feb 20, 2014 08:24

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HCM CITY (Biz Hub) — The Business Studies and Assistance Centre, in collaboration with the DHVP Research & Consultancy, has launched a programme to measure the innovation and competition capacity of domestic businesses.

The programme, which is part of the national programme to help enterprises enhance their innovation, has attracted the participation of 24 businesses, including ABC Bakery, An Giang Plant Protection Joint Stock Co., Dien Quang Lamp Joint Stock Co., Bui Van Ngo Industrial and Agriculture Machinery Co. Ltd, Casumina, and Hau Giang Pharmaceutical Joint Stock Co.

The measurement is based on 10 dimensions, including output (added value generated from innovation), capital resources served for innovation activities, differentiation (how innovation creates a difference among businesses in the same industry), trend-setting, multi-filtering (the capacity to process information), and others.

Tran Tri Dung, an expert at the DHVP Research & Consultancy, said the programme was expected to help enterprises understand their existing innovation capacity, and help them draw out measures to raise their competitiveness in the future.

With specific measurement criteria, the programme would also helps to define the position of businesses in the industry and in the market, he said.

The programme's results would be published annually in prestigous international journals for business research.

Based on the results, the Business Association of High-Quality Vietnamese Goods would nominate outstanding businesses for innovation awards designed by the Ministry of Science and Technology.

According to experts, in the context of international integration, enterprises have no other choice than to improve their competitiveness, otherwise they will lose their market. — VNS

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