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A Comprehensive Definition of the Concept of Innovation in Russian and International Science

Author

Listed:
  • Viktoriya Valeryevna Manuylenko

    (Department of Banking and Finance, The Institute of Management and Economics, North-Caucasus Federal University, Stavropol, Russia, Department of Economics and Finance, The Institute of Management and Economics, Stavropol University, Russia)

  • Andrey Aleksandrovich Mishchenko

    (Department of Economics and Finance, The Institute of Management and Economics, Stavropol University, Russia)

  • Olga Borisovna Bigday

    (Department of Management, The Institute of Management and Economics, Stavropol University, Russia,)

  • Yekaterina Leonidovna Putrenok

    (Department of Economics and Finance, Stavropol University, Russia, The Institute of Management and Economics,)

  • Anna Valeryevna Savtsova

    (Department of Banking and Finance, The Institute of Management and Economics, North-Caucasus Federal University, Stavropol, Russia.)

Abstract

Theoretical and methodological studies of innovation content and essence show that methodological assessment approaches fail to represent an explicit conceptual and categorical framework for the category under consideration, which carries ambiguous connotations both in Russian and foreign theory of innovation. This paper explores the essential theoretical conceptual properties of innovation, which is considered a system enabling to argue that a system-wide definition of the innovation concept is the most preferable in terms of comprehensiveness. From a theoretical perspective, we have provided insight into the innovative process by stages within the innovation system, and presented a set of innovation functions, including intensive development and reputation functions; we have traced the logical interrelation between such concepts as idea, novelty, invention, innovation, innovative product, innovative service, innovative product line. It is assumed that a methodological innovation assessment should be based on a comprehensive synergy-oriented approach. The methodological principles for the innovation system construction have been formed.

Suggested Citation

  • Viktoriya Valeryevna Manuylenko & Andrey Aleksandrovich Mishchenko & Olga Borisovna Bigday & Yekaterina Leonidovna Putrenok & Anna Valeryevna Savtsova, 2015. "A Comprehensive Definition of the Concept of Innovation in Russian and International Science," International Journal of Economics and Financial Issues, Econjournals, vol. 5(4), pages 1029-1037.
    • Handle: RePEc:eco:journ1:2015-04-24
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    References listed on IDEAS

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    1. Coombs, R. & Kleinknecht, A., 1983. "New evidence on the shift toward process innovation during the long wave upswing," Serie Research Memoranda 0007, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
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    Cited by:

    1. repec:ces:ifodic:v:14:y:2016:i:3:p:19255712 is not listed on IDEAS
    2. Ryan Born & Yuchen Guo & Yuchen Mo Guo, 2016. "Measuring Innovation," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 14(03), pages 72-74, October.
    3. Ryan Born & Yuchen Guo, 2016. "Measuring Innovation," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 14(3), pages 72-74, October.

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    More about this item

    Keywords

    Innovations; Innovative Process; Innovation Functions;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • D2 - Microeconomics - - Production and Organizations
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

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