Economic Factor Innovations

Martin Kaschny and Matthias Nolden
Additional contact information
Martin Kaschny: Koblenz University of Applied Sciences
Matthias Nolden: MNCCI

Chapter 1 in Innovation and Transformation, 2018, pp 1-21 from Springer

Abstract: Abstract This chapter deals with the fundamental definitions of innovation and innovation management. Based on these definitions, the necessary corporate changes are then presented in the subsequent chapters in order to implement successful innovation management within a company. Why should companies deal with innovations at all? This question is addressed directly in the first subsection. This is followed by an explanation of what is meant by an innovation and how the concept of innovation can be further developed. Distinguishing features are, for example, the extent of its novelty, such as, for example, an invention as the first appearance of a novelty, and the subject matter related to products or processes. In this context, innovation management represents an entrepreneurial function, which should systematically allow the generation of innovations. The concept of entrepreneurs is also to be explained in the context of this chapter, since innovations are of crucial importance for the entrepreneur. Innovations provide competitive advantages and thus secure the growth and the existence of a company.

Date: 2018
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-319-78524-0_1

Ordering information: This item can be ordered from
http://www.springer.com/9783319785240

DOI: 10.1007/978-3-319-78524-0_1

Access Statistics for this chapter

More chapters in Management for Professionals from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().