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Investment €“ An Essential Element Of Innovation

Author

Listed:
  • Ioan-Vladut NUTU
  • Aurelian VLASE

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.

Suggested Citation

  • Ioan-Vladut NUTU & Aurelian VLASE, 2015. "Investment €“ An Essential Element Of Innovation," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 9(1), pages 254-261, November.
    • Handle: RePEc:rom:mancon:v:9:y:2015:i:1:p:254-261
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