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Evaluation of innovation processes

Author

Listed:
  • 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)

Abstract

In present, innovations are spoken as an engine of the world economy because the innovations are transforming not only business entities but the whole industries. The innovations have become a necessity for business entities in order to survive on floating challenging markets. This way, innovations are driving force of companies' performance. The problem which arises here is a question of measurement innovation's effect on the financial performance of company or selection between two or more possible variants of innovation's realization.Various authors which are focused on innovations processes are divided into two groups in their attitudes towards the question of influence of innovations on financial performance of companies. One group of the authors present the idea that any reliable measurement is not possible or efficient. The second group of authors present some methods theoretically applicable on this measurement but they base their approaches mostly on the methods of measurement of investments effectiveness or they suggest employment of indicators or ratios which wouldn't be clearly connected with the outcome of innovation process.The aim of submitted article is to compare different approaches to evaluation of the innovation processes. The authors compare various approaches here and by use of analysis and synthesis, they determine their own method how to measure outcome of innovation process.

Suggested Citation

  • Jakub Tabas & Michaela Beranová & Josef Polák, 2012. "Evaluation of innovation processes," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 60(2), pages 523-532.
    • Handle: RePEc:mup:actaun:actaun_2012060020523
    DOI: 10.11118/actaun201260020523
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    References listed on IDEAS

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    1. Jakub Tabas & Michaela Beranová & Jan Vavřina, 2011. "Barriers to development of the innovation potential in the small and medium-sized enterprises," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 59(7), pages 447-458.
    2. Van de Ven, Andrew R., 1986. "Central Problems in the Management of Innovation," Agricultural Research Policy Seminar 139708, University of Minnesota Extension.
    3. Andrew H. Van de Ven, 1986. "Central Problems in the Management of Innovation," Management Science, INFORMS, vol. 32(5), pages 590-607, May.
    4. Tiwari, Rajnish & Buse, Stephan, 2007. "Barriers to innovation in SMEs: Can the internationalization of R&D mitigate their effects?," Working Papers 50, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.
    5. Audley Genus & Anne-Marie Coles, 2006. "Firm Strategies For Risk Management In Innovation," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 10(02), pages 113-126.
    6. Arie Y. Lewin & Chris P. Long & Timothy N. Carroll, 1999. "The Coevolution of New Organizational Forms," Organization Science, INFORMS, vol. 10(5), pages 535-550, October.
    7. Nola Hewitt-Dundas, 2006. "Resource and Capability Constraints to Innovation in Small and Large Plants," Small Business Economics, Springer, vol. 26(3), pages 257-277, April.
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    Citations

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    Cited by:

    1. Monika Chobotová, 2013. "Using of dynamic strategy model in innovation process," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 61(7), pages 2191-2196.
    2. Jakub Tabas & Michaela Beranová & Dana Martinovičová, 2012. "Influence of product innovations on financial performance of small and medium-sized enterprises in the Czech Republic," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 60(7), pages 409-414.
    3. Jakub Tabas & Michaela Beranová, 2013. "Using a base of simplified financial plan for determination innovations' economic effect in small and medium-sized enterprises," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 61(7), pages 2867-2873.
    4. Jakub Tabas & Michaela Beranová, 2016. "Innovations' Survival," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 64(4), pages 1393-1399.

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