Overview Economic Development, Innovation, Technological Change, and Growth

Stages in the implementation of innovation processes. Situation and risk analysis and evaluation of the results

Viktoriya Kalaydzhieva - South-West University "Neofit Rilski"
Received: 10 Jun 2022
Revised:
Published:
Downloads: 0
Citations: 0
Issue 3/2016
JEL D81 O32
DOI https://doi.org/10.56497/etj1661306

Abstract

Based on some classical definitions an attempt is made to expand the notion of "innovation", "innovation process" and "stages of innovation processes". A theoretical (communication) model of the innovation process as a continuous cycle in time is presented. In this model, each innovation decision is considered as a problem situation, which can be provoked (induced) both by a source external to the organization and by factors purely internal to it. The actions to be taken in order to achieve a positive outcome in the implementation of the innovation are described. Some issues related to risk analysis at each stage of the innovation process and to innovation evaluation options are discussed.

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