Classifications of innovations: approaches and consequences

Jakub Tabas, Michaela Beranová and Josef Polák
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Jakub Tabas: Ústav podnikové ekonomiky, Mendelova univerzita v Brně, Zemědělská 1, 613 00 Brno, Česká republika
Michaela Beranová: Ústav podnikové ekonomiky, Mendelova univerzita v Brně, Zemědělská 1, 613 00 Brno, Česká republika
Josef Polák: Ústav podnikové ekonomiky, Mendelova univerzita v Brně, Zemědělská 1, 613 00 Brno, Česká republika

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2011, vol. 59, issue 2, 399-406

Abstract: Currently, innovations are perceived as a life blood of businesses. The inevitable fact is that even if the innovations have a potential to transform the companies or all the industries, the innovations are high risky. Even though, the second fact is that in order to companies' development and their survival on the markets, the innovations have become the necessity.In the theory, it is rather difficult to find a comprehensive definition of innovation, and to settle down a general definition of innovation becomes more and more difficult with the growing number of domains where the innovations, or possible innovations start to appear in a form of added value to something that already exist. Definition of innovation has come through a long process of development; from early definition of Schumpeter who has connected innovation especially with changes in products or production processes, to recent definitions based on the added value for a society. One of possible approaches to define the content of innovation is to base the definition on classification of innovation.In the article, the authors provide the analysis of existing classifications of innovations in order to find, respectively in order to define the general content of innovation that would confirm (or reject) their definition of innovation derived in the frame of their previous work where they state that innovation is a change that leads to gaining profit for an individual, for business entity, or for society, while the profit is not only the accounting one, but it is the economic profit.The article is based especially on the secondary research while the authors employ the method of analysis with the aim to confront various classification-based definitions of innovation. Then the methods used are especially comparison, analysis and synthesis.

Keywords: added value; classification of innovations; competitive advantage; definition of innovation; innovation (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:mup:actaun:actaun_2011059020399

DOI: 10.11118/actaun201159020399

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