ISSUES OF INTRODUCING INNOVATION TO SMALL BUSINESSES

• Adaxamov Xusniddin Akmaljon ugli

  Master, Namangan Institute of Engineering Technology, Namangan, Uzbekistan

• Rashidov Rahmatullo Alojonovich

  Head of Department, Namangan Engineering-Technology Institute, Namangan, Uzbekistan

Objective: This study examines the economic implications of adopting innovative technologies in small business manufacturing settings compared to traditional methods. Method: A systematic comparative analysis was conducted by evaluating key economic indicators—including productivity, cost efficiency, and profitability—across a sample of small business entities producing tangible products, with data gathered through quantitative methodologies and supported by case studies. Results: Findings reveal that businesses integrating innovative technologies experience significant improvements in operational efficiency and competitive positioning, demonstrating enhanced financial performance relative to those employing conventional practices. Novelty: The research contributes novel insights by identifying critical factors that drive the successful implementation of innovative strategies within small enterprises and by proposing tailored recommendations for optimizing technology adoption. These insights provide a framework for understanding the interplay between technological innovation and economic performance in small business contexts, offering a valuable basis for future studies and policy development aimed at fostering sustainable growth and resilience in the sector.

C. Day, “US innovation, US unemployment,” Phys Today, vol. 2011, no. 02, Feb. 2011, doi: 10.1063/pt.5.010077.

A. Al Tamimi, “The economic Indicators of digitalization technologies in the agricultural production, food industry and marketing sectors - a review: Indicators of digitalization technologies in the agricultural production, food industry and marketing sectors - a review,” University of Thi-Qar Journal of agricultural research, vol. 13, no. 1, pp. 222–233, Jun. 2024, doi: 10.54174/utjagr.v13i1.323.

G. Chester, “The Boot and Shoe Operatives,” in British Trade Unionism To-Day, Routledge, 2018, pp. 415–424. doi: 10.4324/9780429443152-48.

S. Nyandwi and A. Smati, “DISTRIBUTION LAWS OF PAIRS OF DIVISORS,” in Integers, DE GRUYTER, 2014, pp. 182–194. doi: 10.1515/9783110298161.182.

T. Hardy, “XXIV ‘Breeze, bird, and flower confess the hour.,’” in A Pair of Blue Eyes, Oxford University Press, 2009. doi: 10.1093/owc/9780199538492.003.0026.

Y. Nuryani, R. D. Nugroho, and S. Karmiyati, “Pengaruh Working Capital To Total Asset Ratio, Total Asset Turn Over dan Net Profit Margin terhadap pertumbuhan laba pada PT. Astra Otoparts Tbk Periode 2012-2021,” Jurnal Sinergi Manajemen, vol. 1, no. 1, pp. 51–62, Jan. 2025, doi: 10.70285/545c1905.

D. Darwin and H. Hikmah, “PENGARUH CURRENT RATIO, NET PROFIT MARGIN DAN EARNING PER SHARE TERHADAP HARGA SAHAM PADA PERUSAHAAN DI BURSA EFEK INDONESIA: Current Ratio; Earning Per Share; Net Profit Margin; Stock Price,” SCIENTIA JOURNAL : Jurnal Ilmiah Mahasiswa, vol. 5, no. 4, Sep. 2023, doi: 10.33884/scientiajournal.v5i4.7358.

J. Donnelly, “Comments: At What Price Profitability?,” Journal of Petroleum Technology, vol. 69, no. 09, p. 12, Sep. 2017, doi: 10.2118/0917-0012-jpt.

Z. Junfeng, “Investment Cooperation in Agriculture Between China and Russia: Current Status, Problems, and Prospects,” in Sustainable Development of the Agrarian Economy Based on Digital Technologies and Smart Innovations, Springer Nature Switzerland, 2024, pp. 67–71. doi: 10.1007/978-3-031-51272-8_12.

R. R. Nelson, “On Innovation-Driven Economic Change as an Evolutionary Process,” in Technological Revolution and New Driving Forces for Global Sustainable Development, Springer Nature Singapore, 2024, pp. 1–4. doi: 10.1007/978-981-97-7332-9_1.

Yu. Kyrylov and V. Hranovska, “ENSURING COMPETITIVE ADVANTAGES OF AGRICULTURAL ENTERPRISES BY INTRODUCING TECHNOLOGICAL INNOVATIONS IN PRODUCTION PROCESSES,” Agrosvit, no. 23, p. 3, Dec. 2019, doi: 10.32702/2306-6792.2019.23.3.

E. G. Pashkovskaya, “FEATURES OF THE DEVELOPMENT OF INNOVATIVE SMALL BUSINESS ENTITIES IN RUSSIA,” in FEATURES OF THE DEVELOPMENT OF INNOVATIVE SMALL BUSINESS ENTITIES IN RUSSIA, ICSP “NEW SCIENCE,” 2024. doi: 10.46916/25122024-4-978-5-00215-625-2.

Z. Meng, Y. Shan, and Q. Li, “Exploring Intelligent Product Development and Innovative Design Through Traditional Chinese Tea Culture,” in 2023 International Conference on Culture-Oriented Science and Technology (CoST), IEEE, Oct. 2023, pp. 333–337. doi: 10.1109/cost60524.2023.00074.

R. A. Dunlop, “Science under siege: the hijacking of scientific technology and terminology for profit,” in Science Under Siege, Royal Zoological Society of New South Wales, 2012, pp. 90–95. doi: 10.7882/fs.2012.042.

P. Patil, S. Patil, V. Patil, and S. Chavan, “AI for Missing Person Detection By IJISRT,” International Journal of Innovative Science and Research Technology (IJISRT), pp. 909–914, Mar. 2024, doi: 10.38124/ijisrt/ijisrt24mar974.

• View Article

• Digital Marketing

Copyright (c) 2025 Adaxamov Xusniddin Akmaljon ugli, Rashidov Rahmatullo Alojonovich

This work is licensed under a Creative Commons Attribution 4.0 International License.