Vol. 7 No. 3 (2019): Business & Management Studies: An International Journal
Articles

INNOVATION IN EASTERN EUROPE & CENTRAL ASIA: A MULTI-CRITERIA DECISION-MAKING APPROACH

Özgür KABADURMUŞ
Assist. Prof. Dr., Yaşar University
Fatma Nur Karaman KABADURMUŞ
Assist. Prof. Dr., Yaşar University

Published 2019-08-29

Keywords

  • Innovation, Multi-Criteria Decision Making, TOPSIS
  • İnovasyon, Çok Kriterli Karar Verme, TOPSIS

How to Cite

KABADURMUŞ, Özgür, & KABADURMUŞ, F. N. K. (2019). INNOVATION IN EASTERN EUROPE & CENTRAL ASIA: A MULTI-CRITERIA DECISION-MAKING APPROACH. Business & Management Studies: An International Journal, 7(3), 98-121. https://doi.org/10.15295/bmij.v7i3.1234

Abstract

In today’s intense competition environment, innovation levels of countries determine their competitive advantages. This study compares the innovation levels of Eastern European and Central Asian (EECA) countries using multi-criteria decision-making methods. The firm-level data set of the World Bank on innovation (BEEPS data) is used to evaluate innovation levels and capabilities of the countries in the region. In our proposed TOPSIS based methodology, countries are compared in terms of four different innovation types (New Product, New Organization, New Marketing, and New Process Innovations). Also, we provide an extensive sensitivity analysis to show the changes in the innovation rankings of the countries wıth different criteria weights.

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