CONSIDERATIONS ABOUT THE ESSENTIAL FEATURES OF INNOVATION

Geanina S. Banu, Andreea Dumitrescu and Anca A. Purcărea
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Geanina S. Banu: Faculty of Entrepreneurship, Business Engineering and Management, University “Politehnica” of Bucharest, Romania
Andreea Dumitrescu: Faculty of Entrepreneurship, Business Engineering and Management, University “Politehnica” of Bucharest, Romania
Anca A. Purcărea: Faculty of Entrepreneurship, Business Engineering and management, University “Politehnica” of Bucharest, Romania

SEA - Practical Application of Science, 2014, issue 5, 135-142

Abstract: Defining and classifying innovation represents a complex approach both theoretical and practical. While comprising various views, the innovation concept is permanently redefined according to various criteria. Nevertheless, approaching innovation generic features should be always considered as defining the core of innovation as a concept. The aim of the present paper is to perform a literature review identifying the essential features of innovation with the aim of providing a comprehensive and holistic view of the concept. Furthermore, the present article aims at delivering a theoretical guide on innovation. To this end, the review comprises definition of concept, classification, risk factors, innovation systems and measuring indicators.

Keywords: Innovation; Risk factors; Innovation systems; Measuring indicators (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2014:i:5:p:135-142

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