Abstract
In the modern globalized world, innovation is a basic prerequisite for economic development and the preservation of competitiveness. However, there is still no generally accepted definition of innovation or the innovation process; individual authors use their own definitions, often formed from different concepts. This paper compares these definitions using methods of analysis and synthesis, constructing its own conceptual framework of the innovation process reflecting the key characteristics that are identical or similar in many of the compared definitions. When constructing a new definition and model, it is necessary to bear in mind that innovation is not an isolated activity but rather an entire process or even sequence of processes. With true innovation, every partial process must be successfully completed. This process as a whole becomes the starting point for further research, measurement and the management control of innovation performance under the postdoc research project “Innovation Process Performance Assessment: a Management Control System Approach in the Czech Small and Medium-sized Enterprises” No. 13-20123P of the Czech Science Foundation.
Highlights
Innovation has always played a key role in economics
The objective of this paper is to describe the development of innovation from the moment when this expression first appeared and was introduced to science and everyday life, and compare the individual approaches and models of the innovation process published by leading experts in both the past and in recent years
This article summarizes the development of the understanding of the innovation process by leading experts from the 20th century
Summary
Innovation has always played a key role in economics. Cars on the motorway still go at around 130 km/h; they have lower fuel consumption and are safer, but the rate of their evolution is incomparable to 100 years ago. Nowadays, it is more about the creative process, generating new ideas, or information and knowledge - these drive innovation and development. The first mobile phones from thirty years ago were as large as a brick. Six years ago, they were much smaller but they were still just phones. A mobile works as a camera, a receiver, a TV, a navigation aid, a credit card and even a medical diagnostic device
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