The “Europe 2020 Strategy” of the European Union was adopted in June 2010, replaced the Lisbon Strategy and aims to achieve growth through three priorities: The goal is “smart, sustainable and inclusive” growth. “Smart” growth means the promotion of an innovative and knowledge-based economy.
That requires a strong connection between growth, education and innovation, and it requires new ways for collaboration. However, despite the evidences of collaboration benefits, there is still a lack of suitable performance indicators.
One of the established surveys about business ecosystems is the Global Competitiveness Report. Within this report, business sophistication and innovation is measured and might provide some overall impression about the current situation in the different countries. Regarding these two indicators, Austria ranks in squares 8 and 11 of 138, Croatia is at the 80th and 103rd place.
A similar report is provides by IMD, called World Competitiveness Yearbook. According to the latest report, Austria is at the 25th place and Croatia at place 59 of 63 countries. In the sub-category digitalization, both countries perform better and are at place 16 and 48.
Another useful indicator is the gross domestic expenditure on R&D. According to Eurostat, Austria improved substantially from 2000 to 2015 is now at the second place in Europe, Croatia decreased its investments and is at place 24.
Within the three categories of service companies – expertise, experience and efficiency – we focus on the area of expertise: our key priorities are quality leadership and development of new solutions for our clients.
Possible business actions to help achieve this target:
Increasing economic productivity through co-developing technology with start-ups and investing in innovation and technology which responds to local needs.
Fostering full and productive local employment through supporting vocational education, job-oriented training programs, and building alliances with educational institutions to create a pipeline for skilled workers.