Abstract
Purpose – Is to demonstrate theoretical and practical indeterminacies consequences resulting from imprecise and ambiguous definition of concepts in the sphere of innovative activity, especially in the period of multiplied crisis. Research methods – Hermeneutics, comparative and diachronic analysis, using primary and secondary sources and critical literature analysis, expert method. Results – The author juxtaposes the common understanding of the importance of innovation for economic development with the significant complexity in achieving a high level of economic innovation as a result of numerous institutional “assemblies” in conditions of multiplied crisis; shows the need to limit modifications in defining and measuring innovation in order to capture reliable results of innovative economic activity. Originality / value / implications / recommendations – Research shows new challenges for innovation to ensure security as the most desirable phenomenon in the 21st century, limiting the failures of innovation policy, they indicate the need to study these failures in order to rationalize research recommendations, they introduce new concepts of borderline and paroxysmal innovations in connection with the overlapping effects of a multiplied crisis.
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