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Considerations About The Essential Features Of Innovation

Author

Listed:
  • Geanina S. BANU

    (Faculty of Entrepreneurship, Business Engineering and Management, University “Politehnica” of Bucharest, Romania)

  • Andreea DUMITRESCU

    (Faculty of Entrepreneurship, Business Engineering and Management, University “Politehnica” of Bucharest, Romania)

  • Anca A. PURCĂREA

    (Faculty of Entrepreneurship, Business Engineering and management, University “Politehnica” of Bucharest, Romania)

Abstract

Defining and classifying innovation represents a complex approach both theoretical and practical. While comprising various views, the innovation concept is permanently redefined according to various criteria. Nevertheless, approaching innovation generic features should be always considered as defining the core of innovation as a concept. The aim of the present paper is to perform a literature review identifying the essential features of innovation with the aim of providing a comprehensive and holistic view of the concept. Furthermore, the present article aims at delivering a theoretical guide on innovation. To this end, the review comprises definition of concept, classification, risk factors, innovation systems and measuring indicators.

Suggested Citation

  • Geanina S. BANU & Andreea DUMITRESCU & Anca A. PURCĂREA, 2014. "Considerations About The Essential Features Of Innovation," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 5, pages 135-142, November.
    • Handle: RePEc:cmj:seapas:y:2014:i:5:p:135-142
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    References listed on IDEAS

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    1. Rod Falvey & Neil Foster & David Greenaway, 2006. "Intellectual Property Rights and Economic Growth," Review of Development Economics, Wiley Blackwell, vol. 10(4), pages 700-719, November.
    2. Gopalakrishnan, S. & Damanpour, F., 1997. "A review of innovation research in economics, sociology and technology management," Omega, Elsevier, vol. 25(1), pages 15-28, February.
    3. Malerba, Franco & Orsenigo, Luigi, 1997. "Technological Regimes and Sectoral Patterns of Innovative Activities," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 6(1), pages 83-117.
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