Abstract
Innovations are considered as a factor of consolidation of society, taking into account the definition of innovations as a complex phenomenon containing scientific, technical, technological, economic, environmental, social, legal, safety aspects. However, during the longtime scientific, technical, technological aspects of innovations were considered as driving force for the economy economic growth. Innovations directly or indirectly affect all spheres of social life, going far beyond the boundaries of purely market relations. Limitation of purely economic and scientific-technological definition and evaluation of innovations became obvious in 1960s on the wave of economic growth after the World War II and popularization of post-material values, on the one hand, and because of increasing social tensions, environmental crisis, deepening the gap between economically developed and developing countries, as well as between differed groups of the population within society, on the other hand. Social, ethical and environmental aspects of innovation were put on the agenda. Consequently, innovations should be measured not only in figured of benefit, but also in terms of health, education, safety, environmental impacts, saving energy and materials, etc. The study of the economic aspects of innovation were complemented by the following areas: 1) prevention of inequality due to innovative development; 2) combination of innovation with social entrepreneurship; 3) innovation as a factor in achieving sustainability; 4) innovations for environmental protection. This logically follows from the concept of sustainable development grounded on the coherence of social, economic and environmental parameters. Shortly, the complex of updated innovation criteria as a driving force of socio-economic development is formulated by the framework of «3Ps – profit, people, and planet», which accounts economic/financial, social and environmental aspects. The «3P» framework is a basis for development of new business ethics.
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