Theoretical Frameworks of Responsible Innovations

Tetiana Ivanova, Iryna Manaienko, Marina Shkrobot and Yuriy Tadeyev

Economic Studies journal, 2021, issue 5, 143-157

Abstract: The article is devoted to the development of scientific provisions on responsible innovations that will contribute to the development of an enterprise. An increase in the failure probability contributes to the search for new management solutions in the face of challenges and threats. In particular, one of the tools that will adapt to the new business environment is the introduction of responsible innovations. The research focuses on the analysis of the theoretical framework of “responsible innovation” in a dynamic environment. The article analyses the theoretical basis for the definition of “responsible innovation” and related definitions. The review of 65 scientific articles laid the foundation for the analysis and systematisation of the research on responsible innovation, social and sustainable innovation, as well as responsible research and developments. Summarising these articles made it possible to refine the definition of “responsible innovation”. The implementation of these recommendations will increase the efficiency of enterprises in the context of adaptation to an economic space oriented to success.

JEL-codes: F6 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2021:i:5:p:143-157

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