EF » EFnet » News » IMB Students Presented Their Research at the 21st Portorož Business Conference

IMB Students Presented Their Research at the 21st Portorož Business Conference

19.11.2019Comments are closed.

The Portorož Business Conference (PKP) is an annual gathering of the business world, where numerous participants from various fields engage in networking and discussions about current events, relevant topics and best business practices. The 21st PKP was held on 14 and 15 November 2019 in Hotel Bernardin, Portorož.

Each year, the current generation of students of the International Full Time Master Programme in Business and Organisation (IMB) prepares an extended research project relevant to the theme of the conference, in collaboration with school’s top professors and researchers as well as outside collaborators from companies.

The 26th generation and their mentors prepared 15 articles concerning innovation, gathered in a book titled “Innovation Governance: Leading the Winners,” edited by Prof. Dr Polona Domadenik, Prof. Dr Matjaž Koman and Prof. Dr Tjaša Redek and presented by Thyme Nord, Vid Janša and Iva Drvarič.  Divided into four main parts, the book takes a look at current global trends, company case studies, specific research devoted to Slovenia and policy recommendations.

Megatrends, such as urbanisation, industry 4.0 and population ageing, driven by the need for sustainability and efficient use of resources, dictate the path for innovation. We can observe the trendsetters (the US, China and the EU) taking different approaches to stimulate innovation yet realising that it is the business sector that is the main driver and the political environment which needs to be supportive of such development.

Comparing leaders in innovation to followers (among which Slovenia can also be counted) we can see that the main difference is that followers have the opportunity to observe which products are already commercially successful, which creates an opportunity for thoughtful imitation, while technology leaders assume the risks of how successful their products or processes may be on the market.

Globally, underperforming countries perform worse in education, have lower investments in tech and science, and have business environments that do not do much to support innovation activities. Conducting our own survey in Slovenia, it was obvious that Innovation Champions invest the most into their R&D, but it is interesting to note that the Laggards spend more of their revenue here than Strong Innovators. This suggests that the reason Lagging companies fall behind is not entirely based on the amount they invest into R&D, but rather how efficiently they spend it. This further raises questions about their productivity and value added per employee.

Slovenia is currently ranked as a “Moderate Innovator” by the European Innovation Scoreboard and lags behind the EU primarily in finance and support, innovation activities, sales effects and in entrepreneurial opportunities. However, more detailed firm level data nonetheless show that Slovenian companies, especially the larger and export-oriented ones, are significantly more successful than the average European company.

Lastly, the effect of subsidies was researched. Results indicate that even though more successful firms (including more productive firms) are probably more likely to get a subsidy, the money received is on average invested well and ultimately results in increased productivity.

The purpose of this book is to address and answer questions which concern businesses in their innovation processes as well as opening new perspectives on certain issues they are dealing with. Congratulations to the 26th generation of the IMB programme as well as their mentors for excellent work, which will hopefully find its place in the processes of innovation, research and development.

Iva Drvarič, EFnews


Foto: Jernej Lasič


Image gallery:

Related news

Publish your comment:

RSSUpcoming events

Did you miss our online information session and have some questions about our Master’s degree programmes taught in English? Today, June 10, 2021 at ... >>>
Dear freshman, as you enroll in your 2nd year of study, you’ll have to make a decision about the specialisation of your future studies. ... >>>
Would you like to get a world-renowned International Master’s diploma from SEB LU? Do you want to excel in your business environment and be ... >>>