Asian Journal of Multidimensional Research
  • Year: 2021
  • Volume: 10
  • Issue: 10

Foreign experience in the development of innovative activities of enterprises in the energy industry

*Doctoral Student of TSTU, Uzbekistan

Online Published on 03 January, 2022.

Abstract

The article examines the features of foreign experience in managing innovative activities in energy enterprises. The need to remove special attention to the innovative development of energy enterprises in the context of the transition from a monopoly structure to a competitive model of the industry. Traditional strategies have focused on the regulator, capital investment, and customer service. Typically, these strategies are focused on regulatory compliance rather than market demand. Accordingly, energy companies preferred to proceed with caution and avoid taking on unfamiliar risks. However, the development of the structure of electricity and gas markets, as well as the acceleration of transformation, mean that conservative approaches to strategy development are not able to effectively position the energy sector in the economy of the future, the contours of which are still being formed.

Keywords

Energy Companies, Innovation Management, Energy Industry