A Cross Matrix for Modeling Open Innovation in Production Management

Gratiela Boca ()
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Gratiela Boca: Department of Economics and Physics, Technical University of Cluj Napoca

No 1407, Mathematical Modelling with Application in Economics from Technical University of Cluj Napoca, Department of Economics and Physics

Abstract: Innovation has become the industrial religion of the late 20th century. Business sees it as the key to increasing profits and market share. Governments automatically reach for it when trying to fix the economy. Around the world, the rhetoric of innovation has replaced the post-war language of welfare economics. Innovation: nothing new? Recent years have seen much focus on how innovation can lead to improvements in productivity assisting in economic development The article present the big difference between making culture in a particular field and practicing it. Innovation is the instrument of entrepreneurship. It invests resources with a new capacity to produce prosperity.

Keywords: cost; open innovation; quality; product life cycle. quality; cross culture; management change (search for similar items in EconPapers)
JEL-codes: C46 C59 K10 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2014-06
New Economics Papers: this item is included in nep-bec, nep-his, nep-ino and nep-knm
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Published in Mathematical Modelling with Application in Economics, June 2014, pages 50-60

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