Innovative production

Innovative production is production based on the use of new knowledge (or new use of knowledge) embodied in technology, KNOW-HOW, new combinations of production factors, the structure of the organization and management of production, and allowing for additional rent and various types of advantages over competitors.

It is knowledge, not labor, that begins to act as the source of value. This leads to a paradigm shift in the "political economy of labor": the labor theory of value is replaced by the theory of "knowledge value."

As the founder of this theory, T. Sakaiya, emphasizes, "...We are entering a new stage of civilization, in which the driving force is the values ​​created by knowledge." As a result, the economy is turning into a system that functions on the basis of knowledge exchange and its mutual evaluation.

Search for niches of solvent market demand, investors interested in financing the necessary improvements to technologies, development and implementation of scientific and production projects to promote science-intensive and high-tech products to new sales markets.

The latest research by Western scientists shows a sharp increase in the value of companies' intellectual assets compared to their material resources and financial capital. In general, the ratio fluctuates between 5:6 and 6:1. It has also been calculated that a dollar spent on research and development brings eight times more profit than a dollar invested in technology. Thus, the increase in the degree of knowledge intensity of modern production increasingly brings to the forefront the creative potential of a person, his professionalism and erudition.