The Analysis of Indicators Characterising Innovations and Technological Business Environment in Latvia.

Innovation is becoming more important in boosting competitiveness of enterprises. It will not be possible to ensure rapid economic growth of Latvia without competitive innovations and without their introduction into business practice. The object of the present research paper is innovations. The subject of the research paper is analysis of the technological business environment and innovations in Latvia. The objective of the research paper is to study the integration process of micro and macro business environment and innovations problems, to elucidate the technological business environment factors influencing innovations, to develop proposals for solving problems and for innovation management mechanism by making use of relationship between these factors in investigation of innovations in Latvia. The tasks advanced in order to reach the objective: to identify the concept of business micro and macro environment and their main economic indicators; to carry out analysis of the factors influencing innovations in the process of micro and macro environment integration; to carry out analysis of indicators characterising innovations. Theoretical study methods are reported analysis of business micro and macro environment, innovations, management, marketing; study of correlation between technological business environment factors and innovations. Empirical pilot methods are observation for the purpose of studying mutual influence between technological business environment factors and innovations; study of documents regulating innovations in Latvia; economic and statistical analysis of the innovations indicators; economic and statistical analysis of business environment indicators; study of public and non-government institutions data in Latvia. Research basis are innovations, business and its environment in Latvia. The research period is from the year 2008 till the year 2018, separate themes have been studied for a shorter period of time or by way of comparison. This is the first research on the analysis of factors influencing innovations in the macro and micro business environment integration process by making use of innovations factors, regularities of business environment and innovations development have been revealed, legal and economic aspects of innovations of Latvia have been evaluated, economic indicators of business environment, innovations and the mechanism for management of innovations of the Republic of Latvia have been developed. [ABSTRACT FROM AUTHOR]