Innovations
Vol. 7 (2019), Issue 4, pg(s) 130-133

INNOVATION POLICY AND INNOVATION MANAGEMENT

Transparency in the life cycle management of financial instruments of industrial products

  • 1 University of National and World Economy – Sofia

Abstract

The specificity of lifecycle management of industrial products as a set of activities that are coupled in a certain way over time and space require an appropriate organization for its development and control. In this sense, companies must have such an organizational attitude that stimulates and implements an appropriate policy that provides competitive advantage and high efficiency. Essentially, this means well-established network linkages and functional links at all organizational levels and all units. This organization is a set of relatively stable relationships that exist between its components. It is a means of transparent management through which the goals, strategy and policy of the companies are realized. The purpose of this article is to explore the process of managing the life cycle of industrial products using financial instruments.

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