IDEAS home Printed from https://ideas.repec.org/a/vrs/hjobpa/v8y2017i1p59-72n5.html
   My bibliography  Save this article

The definition and classification of innovation

Author

Listed:
  • Kogabayev Timur

    (Aleksandras Stulginskis University, Studentu g.11, Kaunas, LT-53361, Lithuania)

  • Maziliauskas Antanas

    (Aleksandras Stulginskis University, Studentu g.11, Kaunas, LT-53361, Lithuania)

Abstract

The paper presents the different definitions of innovation; the objective of the research being that of creating a theoretical model building on the previous work of several authors. The aim of the research is to define the different models, classifications and definitions of innovation. In this article we made use of a wide range of bibliographical sources on innovation, efficiency and also used comparative analysis of innovation definitions. Theoretical concepts were studied as well. The approach was constructed based on theoretical models of innovation definitions and used the technology and market perspectives. The main methods employed were comparative analysis of definitions of innovation and the creation of a model of innovation. It has been emphasized in the literature that the role of innovation is very important for making decisions regarding investment projects or investments for production. Innovation can bring benefits such as saving time, costs, and products and use them more effectively. Nowadays in the world, innovation is one of the most important factors of economic development, production, creation of a variety of products and in making management decisions. Innovation activity stimulates and has a positive effect also in investment activity.Innovation is the core action for the development and productivity of any economic activity. Investment activity and its results are directly dependent on the type of innovation that has been used. An important range of literature sources refer to innovation efficiency measurement criteria, which are in most cases related to product, technology (process) and market. The use of a number of different measurement indicators is leading to the need for further examination of the innovation-business performance relationship. Our findings have let us distinguish five major groups of criteria where various factors could be allocated. To the three groups (product, market and process) we allocate two additional groups: finance and management. Innovation plays an important role in the efficiency of investments in an organization, forms of business activity and state policy in the field of business and design.

Suggested Citation

  • Kogabayev Timur & Maziliauskas Antanas, 2017. "The definition and classification of innovation," HOLISTICA – Journal of Business and Public Administration, Sciendo, vol. 8(1), pages 59-72, April.
    • Handle: RePEc:vrs:hjobpa:v:8:y:2017:i:1:p:59-72:n:5
    DOI: 10.1515/hjbpa-2017-0005
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/hjbpa-2017-0005
    Download Restriction: no
    File URL: https://libkey.io/10.1515/hjbpa-2017-0005?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Manfred M. Fischer, 2001. "Innovation, knowledge creation and systems of innovation," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 35(2), pages 199-216.
    2. Robert D. Dewar & Jane E. Dutton, 1986. "The Adoption of Radical and Incremental Innovations: An Empirical Analysis," Management Science, INFORMS, vol. 32(11), pages 1422-1433, November.
    3. Czarnitzki, Dirk & Kraft, Kornelius, 2004. "Innovation indicators and corporate credit ratings: evidence from German firms," Economics Letters, Elsevier, vol. 82(3), pages 377-384, March.
    4. Cooper, Robert, 1998. "Benchmarking new product performance:: Results of the best practices study," European Management Journal, Elsevier, vol. 16(1), pages 1-17, February.
    5. Elenkov, Detelin S. & Manev, Ivan M., 2009. "Senior expatriate leadership's effects on innovation and the role of cultural intelligence," Journal of World Business, Elsevier, vol. 44(4), pages 357-369, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sylwia Pangsy-Kania & Anna Golejewska & Katarzyna Wierzbicka & Magdalena Mosionek-Schweda, 2023. "Searching for Dependencies between Business Strategies and Innovation Outputs in Manufacturing: An Analysis Based on CIS," Sustainability, MDPI, vol. 15(9), pages 1-13, April.
    2. Adele Finco & Deborah Bentivoglio & Giorgia Bucci, 2018. "Lessons of Innovation in the Agrifood Sector: Drivers of Innovativeness Performances," Economia agro-alimentare, FrancoAngeli Editore, vol. 20(2), pages 181-192.
    3. Popadiuk, Silvio & Choo, Chun Wei, 2006. "Innovation and knowledge creation: How are these concepts related?," International Journal of Information Management, Elsevier, vol. 26(4), pages 302-312.
    4. Dost, Mir & Badir, Yuosre F. & Sambasivan, Murali & Umrani, Waheed Ali, 2020. "Open-and-closed process innovation generation and adoption: Analyzing the effects of sources of knowledge," Technology in Society, Elsevier, vol. 62(C).
    5. Verkerk, M. & van der Pijl, G.J. & van Asperen, E., 2009. "ICT as an Enabler for Innovation Adoption," Econometric Institute Research Papers EI 2009-15, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
    6. Davood Askarany & Malcolm Smith, 2008. "Diffusion of innovation and business size: a longitudinal study of PACIA," Managerial Auditing Journal, Emerald Group Publishing, vol. 23(9), pages 900-916, October.
    7. Li, Xu & Vermeulen, Freek, 2021. "High risk, low return (and vice versa): the effect of product innovation on firm performance in a transition economy," LSE Research Online Documents on Economics 120268, London School of Economics and Political Science, LSE Library.
    8. Andersson, Ulf & Dasí, Àngels & Mudambi, Ram & Pedersen, Torben, 2016. "Technology, innovation and knowledge: The importance of ideas and international connectivity," Journal of World Business, Elsevier, vol. 51(1), pages 153-162.
    9. Verhoeven, Dennis & Bakker, Jurriën & Veugelers, Reinhilde, 2016. "Measuring technological novelty with patent-based indicators," Research Policy, Elsevier, vol. 45(3), pages 707-723.
    10. Ellen H.M. Moors & Rogier Donders, 2009. "Understanding consumer needs and preferences in new product development: the case of functional food innovations," Innovation Studies Utrecht (ISU) working paper series 09-03, Utrecht University, Department of Innovation Studies, revised Feb 2009.
    11. Nurettin Can & Lutfu Sagbansua, 2015. "Quantitative Analysis on Innovation Index of OECD Countries," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 5(8), pages 210-220, August.
    12. Franz Tödtling & Michaela Trippl, 2013. "Innovation and Knowledge Links in Metropolitan Regions: The Case of Vienna," Advances in Spatial Science, in: Johan Klaesson & Börje Johansson & Charlie Karlsson (ed.), Metropolitan Regions, edition 127, chapter 0, pages 451-472, Springer.
    13. Tsui-Yii Shih, 2018. "Determinants of Enterprises Radical Innovation and Performance: Insights into Strategic Orientation of Cultural and Creative Enterprises," Sustainability, MDPI, vol. 10(6), pages 1-22, June.
    14. Tappeiner, Gottfried & Hauser, Christoph & Walde, Janette, 2008. "Regional knowledge spillovers: Fact or artifact?," Research Policy, Elsevier, vol. 37(5), pages 861-874, June.
    15. Nicola Francesco Dotti & André Spithoven, 2018. "Economic drivers and specialization patterns in the spatial distribution of Framework Programme's participation," Papers in Regional Science, Wiley Blackwell, vol. 97(4), pages 863-882, November.
    16. Zheng, Leven J. & Fan, Youqing & Wang, Huan & Liu, Wei, 2021. "Born innovator? How founder birth order influences product innovation generation and adoption in entrepreneurial firms," Journal of Business Research, Elsevier, vol. 136(C), pages 414-430.
    17. Nejla YACOUB, 2012. "Brevetabilité des médicament, innovation et l’avenir de l’industrie pharmaceutique en Tunisie DRUGS PATENTABILITY INNOVATION AND THE FUTURE OF THE PHARMACEUTICAL INDUSTRY IN TUNISIA THEORETICAL STUDY ," Working Papers 248, Laboratoire de Recherche sur l'Industrie et l'Innovation. ULCO / Research Unit on Industry and Innovation.
    18. Maxim Kotsemir & Alexander Abroskin & Dirk Meissner, 2013. "Innovation concepts and typology – an evolutionary discussion," HSE Working papers WP BRP 05/STI/2013, National Research University Higher School of Economics.
    19. Dziallas, Marisa & Blind, Knut, 2019. "Innovation indicators throughout the innovation process: An extensive literature analysis," Technovation, Elsevier, vol. 80, pages 3-29.
    20. Wang Dongling & Kelvin C.K. Lam, 2018. "Whether the Innovation Policy Will Really Improve Enterprise’s Innovation Performance— Mediating Role of Ambidextrous Learning," International Business Research, Canadian Center of Science and Education, vol. 11(9), pages 96-107, September.

    More about this item

    Keywords

    Innovation; economic efficiency; investments;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

    Statistics

    Access and download statistics

    Corrections

    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:vrs:hjobpa:v:8:y:2017:i:1:p:59-72:n:5. See general information about how to correct material in RePEc.

    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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.