Innovation Process as the Driving Force of Economic Growth
Journal Title: Бізнес Інформ - Year 2013, Vol 10, Issue 0
Abstract
The article is devoted to definition of the functional value of the many-sided phenomenon of the innovation process in ensuring positive dynamics of economic development and appearance of cyclic fluctuations in the market economy. It differentiates component elements of the "innovation process" category and conducts its structurisation. It describes the essence of "novation", "innovation", "innovation activity", "innovation project" and "innovation process" notions. It substantiates the key role of innovation projects in ensuring regular and periodic stimulation of processes of economic growth. It shows their place on curves of the life cycle of goods, which embodies cyclic fluctuations in economy.
Authors and Affiliations
Olexandr Faychuk, Olha Faychuk
Keywords
Related Articles
- EP ID EP109910
- DOI -
- Views 105
- Downloads 0
Adaptive Management of the Level of Economic Security of an Enterprise
The article formulates and solves the task of modelling of the level of economic security of industrial enterprises in the process of their economic activity under conditions of volatile external environment. The develop...
Budgeting as a Tool to Enhance the Efficiency of Bank Management
In the article the urgency of implementing and improving the technology of bank budgeting is substantiated. Justifiability of the incurred costs with regard to the future impact of the introduction of innovative technolo...
Basic Framework for Building a System of Indicators of Innovation Development of Industrial Enterprise
The article is aimed at substantiation of the methodological approaches and practical recommendations on building a system of analytical tools for management of innovative development of industrial enterprises. A schemat...
Directions of Improving the Efficiency of Management of the Marketing Activity of Enterprise
The article is aimed at research and development of both the scientific-theoretical foundations and the practical recommendations for improving the efficiency of the marketing activities of enterprises. The basic princip...
Evolution of Notion of «Service» in the Aspect of Contemporary Trends in the Non-Production Sphere
The article displays the further development of theoretical positions regarding service as a standalone economic category. It is shown that at the present stage of development of the non-production sphere the commodity o...