Arturs Zeps, Leonids Ribickis

(Riga Technical University, Riga, Latvia)

 

 

Abstract: The aim of the research is to show the role of the strategy for Technical Universities in creating environment for enhancing creativity and promoting innovation and technology transfer. Paper explores Strategy development process for Technical Universities and provides guidelines how to update them. Paper describes why for Technical Universities it is important to maintain relationships with the State and business companies to reach strategic aims. Strategies of four Baltic Technical Universities are analyzed as an example, providing evaluation of strategic settings and practical implementation of innovations development process and tools used. Paper identify how Baltic Technical Universities create environment for innovations through their strategies, what are the tools they use to implement their strategic settings in creating innovative environment for themselves and industry in general. Paper also describes what are the contributions of Technical Universities to the economy of the country. Paper identifies how Universities set their strategies and what are their activities in the field of creativity and innovations. Paper provides good practice examples that could be implemented in other Baltic Technical Universities and thus enhance activity of Universities in this direction.

 

 

Key words: innovations; strategy; university

 

JEL codes: O320, I250