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Innovation Theory: Where Is It Going?

In: Eurasian Economic Perspectives

Author

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  • Elżbieta Szymańska

    (Bialystok University of Technology)

Abstract

The aim of this study was to describe the innovation processes in the theory of management sciences and to find the main direction of their development. Methods of critical and comparative analyses were used. The research diagnosed a large number (9) of innovation models that had been created since the beginning of innovation theory. The theory started with simple models and later developed the most complicated ideas. The models can be divided into two main groups: linear and nonlinear ones. The conjugated innovation concept showed that the innovation process could be more complicated than a simple cause-and-effect relationship. The new concept started discussions on a new open innovation model. The ideas of user-driven innovation (UDI) and diffusion of innovations were the consequences of this proposal. A description and classification of the innovation models is a novelty in the theory of the management sciences. Another result is the idea of combining some innovation process models. The expected results will have an effect on the development of economic sciences, especially the management sciences. The present research shows that innovation processes are more and more complicated. One can see the increasing role of clients (customers) and wider cooperation in the modern models of innovation processes.

Suggested Citation

  • Elżbieta Szymańska, 2020. "Innovation Theory: Where Is It Going?," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis & Gökhan Karabulut & Giray Gözgor (ed.), Eurasian Economic Perspectives, pages 253-263, Springer.
    • Handle: RePEc:spr:eurchp:978-3-030-40375-1_18
    DOI: 10.1007/978-3-030-40375-1_18
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