The Importance of Innovative Management In the Economic Development of the Country

Abstract

In today's competitive global economy, innovation has emerged as a critical driver of economic development. This article explores the pivotal role of innovative management practices in fostering economic growth, with a focus on the Republic of Uzbekistan. Through a comprehensive review of literature and statistical data, the article delves into the challenges and opportunities faced by Uzbek enterprises in embracing innovation. It also outlines key strategies and recommendations to enhance innovation activity, stimulate economic development, and position Uzbekistan as a competitive player in the global market.