RESEARCH ARTICLE
Innovative Development of Railway Corporations in Asian Region: Estimating the Impact of Environment Using Comparative Analysis of Korean and Chinese Companies
Olga A. Shvetsova*
Article Information
Identifiers and Pagination:
Year: 2018Volume: 12
First Page: 246
Last Page: 257
Publisher ID: TOTJ-12-246
DOI: 10.2174/1874447801812010246
Article History:
Received Date: 22/5/2018Revision Received Date: 7/6/2018
Acceptance Date: 9/7/2018
Electronic publication date: 29/08/2018
Collection year: 2018
open-access license: This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International Public License (CC-BY 4.0), a copy of which is available at: https://creativecommons.org/licenses/by/4.0/legalcode. This license permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Abstract
Background:
Currently, the issue of the company’s innovative development is relevant in all areas of activity. Railway transport, which has one of the development vectors such as an innovative component, poses for itself the task of achieving high competitiveness through active innovative developments and implementations. This direction is influenced by external and internal factors, which should be taken into account while developing and implementing the company's innovative development strategy.
Nowadays, there is increase in the development of global competition and in the transfer of innovations in all areas of service industries, including the railway sector. In recent years, the countries of the Asian region have adopted a strategy for developing the competitiveness of the transport sector through innovative development and the transfer of technology.
Objective:
The study aims at investigating environmental factors which influence innovative development of transport company and evaluating their interdependence using correlation-regression analysis.
Methods:
The correlation-regression analysis and comparative approach were used to develop the model.
Results:
Two Rail corporations from Asian region were investigated. External and internal factors influencing innovative development of these corporations were found; significant in explaining the factors’ interdependence was discussed.
Conclusion:
Different groups of factors influence innovative development of transport companies in Asia. These findings can be used as information for managers to develop strategic programs to improve innovative development process in Asian transport companies.