IDEAS home Printed from
   My bibliography  Save this article

Innovation – a must for the durable development


  • Andreea MAIER

    (Technical University of Cluj-Napoca)

  • Maria-Mihaela SUĂRĂŞAN

    (Technical University of Cluj-Napoca)

  • Felicia Diana NICOARĂ

    (Technical University of Cluj-Napoca)


Nowadays, in a global competitive and dynamic environment, innovation becomes more and more relevant mainly because three major tendencies: intense international competition, markets that are more demanding and various technologies, which are continuously changing. This paper presents a compilation of several various approaches on innovation, the influencing factors and the importance of innovative culture and best practices of innovative companies. Innovation is highly recognized as a key strategy for economic growth. The innovation process the process which follows certain well-structured stages in order to accomplish the goal. Innovation in a company is influenced by a series of factors which contribute to a durable economic growth. In the case of an organization which aims to promote innovation, it must create an innovative culture. Innovation is a challenge which is best solved with human resources rather than with technical ones. Developing innovative abilities requires a change in the leadership paradigm and in the way people act. But the most important item would be creating a new management style that is adapted to the specific needs of each company. There are few broadminded managers who wish to include innovations and who are aware of its necessity. This article presents a critical analysis of several written works related to innovation, thus becoming an important piece of bibliographic material, very useful to further researches in this field.

Suggested Citation

  • Andreea MAIER & Maria-Mihaela SUĂRĂŞAN & Felicia Diana NICOARĂ, 2012. "Innovation – a must for the durable development," Management & Marketing, Economic Publishing House, vol. 7(3), Autumn.
  • Handle: RePEc:eph:journl:v:7:y:2012:i:3:n:7

    Download full text from publisher

    File URL:
    Download Restriction: no


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eph:journl:v:7:y:2012:i:3:n:7. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Simona Vasilache). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.