We live in a rapidly changing global society, where no one can predict the outcome of the economic, social, and political structures of the world. Changes in science, technology, and economics are particularly noticeable and are closely linked to human life. These changes create new opportunities but also challenges in new areas of everyday activity in order to achieve sustainable development. For countries to compete with each other, they must be creative and innovative in all fields to cope with domestic, national, and global issues. Current economic competitiveness is based on the capabilities of a country and their respective companies to be and stay innovative. This is the main reason why many governments place innovativeness at the center of their growth strategies so that they can foster economic progress and global competitiveness in general. The recognition and need for identification of innovation as a driver of change are evident on a company level as well. This study will use secondary data collected this year from the World Economic Forum to identify critical challenges and opportunities for B&H competitiveness. Also, the results of this research identified enabling environment and markets impact on the innovation ecosystem. Practical contribution relates to concrete implications and recommendations that can be used for the improvement of Bosnia and Herzegovina innovativeness.
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
3
Maria Papadopoulou, Ioanna Papasolomou, Alkis Thrassou
(2022)
Exploring the level of sustainability awareness among consumers within the fast-fashion clothing industry: a dual business and consumer perspective
Competitiveness Review: An International Business Journal, 32(3)
10.1108/CR-04-2021-0061
Agus Harimurti Yudhoyono, Badri Munir Sukoco, Ida Ayu Kartika Maharani, Irfan Kharisma Putra, Fendy Suhariadi
(2025)
Bridging the gap: Indonesia’s research trajectory and national development through a scientometric analysis using SciVal
Journal of Open Innovation: Technology, Market, and Complexity, 11(1)
10.1016/j.joitmc.2025.100505
Aleksandra Fedajev, Marija Panić, Živan Živković
(2025)
Western Balkan countries’ innovation as determinant of their future growth and development
Innovation: The European Journal of Social Science Research, 38(1)
10.1080/13511610.2024.2339939The statements, opinions and data contained in the journal are solely those of the individual authors and contributors and not of the publisher and the editor(s). We stay neutral with regard to jurisdictional claims in published maps and institutional affiliations.