Management Theory and Studies for Rural Business and Infrastructure Development, Volume 22

Value of innovation exploitationin road transport services company

Arvydas Bakanauskas, Lina Paulauskė

Abstract

Diesel prices have risen more than double since year 2004. For this reason, road transport
services companies spend more than twice as much for the fuel. Companies have to resolve
this problem immediately if they want to stay profitable in today’s market. Fuel cost reduction
can be achieved through innovations exploitation within a few years by using biodiesel in this
case. Article presents analysis of the value of this innovation and the investment costs. It demonstrates
the financial and social value of innovation exploitation for road transport services
company.

Keyword(s): road transport services company, biodiesel, innovation, value


Full Text: PDF

Refbacks

  • There are currently no refbacks.
1245 views

Management Theory and Studies for Rural Business and Infrastructure Development eISSN 2345-0355

This journal is published under the terms of the Creative Commons Attribution-Noncommercial 3.0 Unported License. Responsible editor: Dr Audrius Gargasas.