INVESTMENT – AN ESSENTIAL ELEMENT OF INNOVATION

Ioan-Vladut Nutu and Aurelian Vlase

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2015, vol. 9, issue 1, 254-261

Abstract: In this article the author presents a subject of current interest by discussing, referring to the importance of innovation in the evolution of the industry and individual companies. We will see how innovators depend on competitive forces on the market and also by other factors from institutional and socio-economic environment. Therefore, it’s absolutely necessary for government, local and central authorities same as organizations management to pay special attention to innovation as a driver of growth, competitiveness and the improvement of life standards. Innovation is a multivariate and complex activity; it cannot directly be measured using a single-item.

Keywords: Development; Innovation; Investment; Management; Research. (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:9:y:2015:i:1:p:254-261

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