Abstract
A very actual concept that deserves to be understood and promoted is innovation. In this article we aim to elucidate the nature, conceptual framework and the coordinates of the innovation process as a general phenomenon immanent to human life and activity. Approaching the innovation process through the lens of the cause-effect relationship, human creativity, creative actions and innovation are linked as a result of their interaction within an innovation system. In addition to this, based on the analysis of the specialty literature, there are highlighted the characteristics of the innovation process, its objectives and effects, the models of the innovation process and the types of innovations. The standard typology of innovations is synthesized as well.
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