MLA 8
Phuong, Dr. Le Thi Bich, and Dr. Nguyen Thi Thu. "THE ROLE OF INNOVATION IN ENHANCING BUSINESS MANAGEMENT EFFECTIVENESS IN VIETNAMESE ENTERPRISES." Int. j. of Social Science and Economic Research, vol. 11, no. 5, May 2026, pp. 2435-2447, doi.org/10.46609/IJSSER.2026.v11i05.039. Accessed May 2026.
APA 6
Phuong, D., & Thu, D. (2026, May). THE ROLE OF INNOVATION IN ENHANCING BUSINESS MANAGEMENT EFFECTIVENESS IN VIETNAMESE ENTERPRISES. Int. j. of Social Science and Economic Research, 11(5), 2435-2447. Retrieved from https://doi.org/10.46609/IJSSER.2026.v11i05.039
Chicago
Phuong, Dr. Le Thi Bich, and Dr. Nguyen Thi Thu. "THE ROLE OF INNOVATION IN ENHANCING BUSINESS MANAGEMENT EFFECTIVENESS IN VIETNAMESE ENTERPRISES." Int. j. of Social Science and Economic Research 11, no. 5 (May 2026), 2435-2447. Accessed May, 2026. https://doi.org/10.46609/IJSSER.2026.v11i05.039.
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References
[1] . Politburo. (2019). Resolution No. 52-NQ/TW dated September 27, 2019, on a number of guidelines and policies for actively participating in the Fourth Industrial Revolution.
[2] . Government. (2020). Resolution No. 50/NQ-CP dated April 17, 2020, promulgating the Government's Action Program to implement Resolution No. 52-NQ/TW.
[3] . Drucker, P. F. (1985). Innovation and entrepreneurship: Practice and principles. Harper & Row.
[4] . Nguyen Thanh Do, & Nguyen Anh Tuan. (2009). Business incubation in Vietnamese universities. National Economics University Publishing House.
[5] . OECD. (2019). Measuring the digital transformation: A roadmap for the future. OECD Publishing.
[6] . OECD/Eurostat. (2018). Oslo Manual 2018: Guidelines for collecting, reporting and using data on innovation (4th ed.). OECD Publishing.
[7] . Porter, M. E. (1985). Competitive advantage: Creating and sustaining superior performance. Free Press.
[8] . National Assembly. (2025). Law on Science, Technology and Innovation No. 93/2025/QH15.
[9] . Schumpeter, J. A. (1934). The theory of economic development. Harvard University Press.
[10] . Prime Minister. (2020). Decision No. 749/Q?-TTg dated June 3, 2020, approving the National Digital Transformation Program to 2025, with a vision to 2030.
[11] . Tidd, J., & Bessant, J. (2020). Managing innovation: Integrating technological, market and organizational change. Wiley.
[12] . World Bank. (2021). World Development Report 2021: Data for better lives. World Bank.
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ABSTRACT:
Innovation has become a critical driver of business management effectiveness in the context of
digital transformation, international integration, and increasingly dynamic competition. In
Vietnam, enterprises are under growing pressure to improve productivity, enhance customer
value, optimize resources, and adapt to rapid technological and market changes. This article
examines the role of innovation in enhancing business management effectiveness in Vietnamese
enterprises. Drawing on both English-language and Vietnamese-language literature, policy
documents, and practical observations, the paper analyzes innovation as a multidimensional
process that includes technological innovation, product and service innovation, process
innovation, management innovation, business model innovation, and human resource
innovation. The findings indicate that innovation improves management effectiveness by
strengthening data-based decision-making, increasing operational efficiency, supporting
organizational flexibility, improving customer satisfaction, reducing costs, and enhancing
competitive advantage. However, Vietnamese enterprises, especially small and medium-sized
enterprises, still face barriers related to finance, human resources, digital capability,
managerial mindset, innovation culture, and weak linkages with universities and research
institutions. The article proposes recommendations for enterprises, policymakers, and education
and training institutions to strengthen innovation capacity and improve management
effectiveness in Vietnamese enterprises.
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International Journal of Social Science & Economic Research
