The Impact of Consumer Behavior and Product Innovation on Enterprise R&D Decisions in a Macroeconomic Environment

Authors

  • Lina Gao

DOI:

https://doi.org/10.54097/fbem.v11i2.12620

Keywords:

Consumer behavior, Product innovation, Macroeconomic environment, R&D decision.

Abstract

With the intensification of market competition and the continuous progress of technology, enterprise R&D decision-making is becoming more and more important to the development of enterprises. Enterprise R&D decision-making involves product R&D direction, R&D investment, technological innovation and other aspects, which directly affects the market competitiveness of enterprises. However, the R&D decision of enterprises is influenced by many factors, such as market demand, consumer preference, competition pattern, product innovation and macroeconomic environment. These influencing factors affect the formulation and implementation of R&D decisions of enterprises to varying degrees. This paper discusses the influence of consumer behavior, product innovation and macroeconomic environment on enterprise R&D decision. Through the analysis of these influencing factors, the corresponding development suggestions are put forward to help enterprises better cope with these influencing factors and formulate more scientific and reasonable R&D strategies.

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References

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Published

11-10-2023

Issue

Section

Articles

How to Cite

Gao, L. (2023). The Impact of Consumer Behavior and Product Innovation on Enterprise R&D Decisions in a Macroeconomic Environment. Frontiers in Business, Economics and Management, 11(2), 262-265. https://doi.org/10.54097/fbem.v11i2.12620