INNOVATION CROWDSOURCING AS A PROCESS FOR MANAGEMENT

Emanuela Esmerova ()
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Emanuela Esmerova: European University, Skopje-Macedonia

Economics and Management, 2019, vol. 16, issue 1, 53-62

Abstract: All models are converging toward the idea that innovation activities can be more or less correctly be described and viewed in process models. Some models innovation menagment describe the life cycle of the innovation by the S-shape and logistic function, which is composed of three distinct phases: Emergence, growth and maturity . Other studies, place the emphasis on the characteristics of innovation which are defined as a function of innovation stages of development, e.g. Maidique distinguishes the recognition of the invention, the development, the achievement and the distribution of phases of the innovation process. Whatever the model, an innovation menagment is generally described as a practice or a new object. An innovation management obviously begins with new ideas (Tushman, 1977). Traditionally, these ideas have been generated by professionals such as engineers, traders or designers in a company.

Keywords: Innovation; management; crowdsourcing and management performance (search for similar items in EconPapers)
JEL-codes: M10 O31 O32 (search for similar items in EconPapers)
Date: 2019
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