Field Of Innovation Management Research Articles

COMMERCIALIZATION OF INNOVATIONS IN UKRAINE: CURRENT STATUS

Commercialization of innovations is a fundamental condition for the development of both micro- and macroeconomic aspects in the context of their impact on the creation of competitive advantages and economic development. Moreover, the commercialization of innovation is perhaps the most important challenge that all companies face. innovation goes beyond science or technology; it is something that is able to create value through the commercialization process. Commercialization acts as an important "intermediary" between scientific and technical development and the object of purchase and sale and is an effective lever thanks to which the newly created innovative development brings profit. The topic of commercialization of innovations has obviously received increased attention recently, but this subject of research is quite fragmented and distributed among different fields of research and disciplines. As a result, a variety of theoretical and empirical findings need to be explored, organized, and aggregated. The purpose of the article is to study the level of commercialization of innovations in Ukraine compared to world trends and to identify the problems of reducing the number of innovators-enterprises. Commercialization is a basic condition for the successful implementation of the results of innovative activities of high-tech enterprises in any country, therefore the article examines the rating of Ukraine according to the Global Innovation Index and identifies world leaders. The dynamics of the introduction of innovations at industrial enterprises of Ukraine in 2014-2020 were formed. The rating of the Top 5 most innovative companies of Ukraine in 2021 was analyzed. The result of the study was the identification of problems that significantly weaken the place of innovators-companies of Ukraine among world leaders. The article will be useful for specialists and scientists in the field of innovative marketing, management, logistics, teachers and students of higher educational institutions. For those who are interested in deepening their knowledge in the field of innovative development of Ukrainian enterprises in the context of product commercialization.

Выбор и адаптация методологии управления инновационными программами в ИТ-зависимых компаниях

The article is devoted to the study of methodologies for managing innovative programs in IT-dependent companies and the development of recommendations for their adaptation in the company. Concepts, standards and best practices in the field of innovation management, principles and methods of forming innovative development programs in IT-dependent companies have been analyzed.
 The factors that are critical for ensuring the efficiency and effectiveness of innovation programs for managers of the companies under consideration have been identified.
 Recommendations have been developed for adapting the P2M standard for IT-dependent companies, taking into account the factors that contribute to the efficiency and effectiveness of innovative programs.

The Innovative Intelligence System—A Tool for Discovering Innovative Opportunities and for Ensuring the Sustainability and Business Prosperity

At present, in the field of building an innovative intelligence system in the company, considerable attention is paid especially to the technological side of this system and the description of its basic elements. The aim of the research is to provide a comprehensive view of building an innovative intelligence system in the company from managerial, information and organizational support. The research consists of questionnaire research and interviews conducted in Slovak companies with the intention to find out the current status of innovative intelligence systems in Slovakia by the content, organization, personnel and information aspects. The authors offer a summary of theoretical knowledge in the field of management—innovative intelligence systems. Summarizing these findings enriches the theoretical basis of management, especially in the field of innovation management. A detailed description of the individual processes, activities and actors of the innovative intelligence system model can serve for a better knowledge of the issue and its successful management. The proposed model of the innovative intelligence system includes the identification of individual actors, their tasks and the decomposition of its main process. The formulated recommendations are a valuable tool for company managers. Adherence to them will ensure the successful implementation and operation of an innovative intelligence system in the company.

ACTIVITIES WITHIN CIRCULAR-ORIENTED INNOVATION PROCESS: CASES OF BIOMATERIAL DEVELOPMENT

Within the research field of innovation management, the so-called circular-oriented innovations are focused on combining circular economy tenets within the development of innovation. Even though academia agrees that an economic transition has to develop from the bottom up, studying the implementation of circular economy on micro-level has been thus far neglected. Thus, the paper examines the circular-oriented innovation specific activities within the general innovation process and its distinct phases. Via multiple case study, the paper analyses the development of innovations suitable for the biological cycle of circular economy in the industry of biodegradable plastic substitutes. The findings show that circular economy aspects influence the innovation development from its very beginning. Starting from the triggering of idea generation, the end-of-life considerations and material choice show high importance in the front-end of innovation. Moreover, the research shows the high importance of cross-cycle and cross-sector collaborations throughout the entire development process.

Modern factors and classification of enterprise’s innovative risks

Introduction. Today enterprises have a problem in minimizing the risk to increase the efficiency of the result, which is actualized by the general specifics of innovative activity. It makes extremely necessary to study the risks that significantly affect the innovative activity. Despite all the study of problems in the field of innovative risk management, some of the issues remain insufficiently covered. In particular, it is about modern factors and the availability of well-developed classification of innovative risks, which creates an opportunity for effective using the appropriate risk management tools, because each type of risk has its own management system. The purpose of the paper is to highlight the factors that affect the innovative risks of the enterprise and to propose a system of these risks according to certain classification signs. Results. The concept of innovative risk of the enterprise is considered. The factors of emergence of necessity of innovative changes in activity of the enterprises and the factors influencing innovative risks are highlighted. The conditions for the formation of risks of innovative activity are indicated. Some modern approaches to the classification of innovative risks of the enterprise and the need for its development are shown. The system of innovative risks of the enterprise according to certain classification signs is offered. Conclusion. The presented classification set of innovative risks makes it possible to state that all the signs are either tied to the direction of innovative activity of the enterprise, or are temporary. However, they are not entirely focused on those factors, levers and sources that specifically lead to the emergence of innovative risk, that is, we are talking about the causal orientation of risk formation: risks are usually classified according to the results of manifestation in practice. For timely identification of risk and its localization, it is not always enough to know the time parameters and general characteristics – you need to take into account the specifics of the influence. Effective risk management requires a well-developed, modern classification of innovative risks, which allows for the effective use of appropriate risk management tools, because each type of risk has its own management system. The mechanism of this system, which includes the implementation of appropriate systematic actions, should be aimed at both preventing and responding to risk events.

The role of alliance portfolio diversity on firm innovation and performance: the case of Colombia

ABSTRACT This research aimed to understand the direct influence of a firm's alliance portfolio diversity on its product and process innovation performance and the indirect influence of the former on financial performance, mediated by innovation performance. To reach this goal, we proposed a model based on alliance portfolios and absorptive capacity theories and tested it in a sample of 806 Colombian manufacturing firms with structural equation modeling. The results supported the hypothesis that alliance portfolio diversity has a direct influence on product and process innovation and an indirect impact on financial performance. Product innovation, as expected, mediated this indirect relationship. On the other hand, process innovation did not. Another interesting finding was that, for high levels of absorptive capacity, the positive influence of diversity on innovation performance was more intense. This study contributes by extending the research of alliance portfolios in the innovation management field by understanding their phenomena under an emerging economy context.

INTELLECTUAL PROPERTY AS A COMPONENT OF INTANGIBLE ASSETS OF THE ENTERPRISE

The article proves that intellectual property management systems should interact with the economies of all countries, while the competitive advantages of intellectual property develop innovative activities in the country, create real prerequisites for its ownership. The implementation of such an approach in the field of innovation and intellectual property management should take place at all levels of management of the Ukrainian economy - from the state level to the individual enterprise. The active development of innovation, the emergence of new technologies has led to a change in policy on intellectual property and the development of practices in the management of intellectual property. Due to its importance, intellectual property becomes the basic intangible asset of enterprise management. It is substantiated that intellectual property reflects intangible assets that are legally protected and belong to a particular enterprise. This means that other companies cannot legally use them outside the company. The biggest advantage of intellectual property is that it provides an industrial enterprise with competitive advantages. It is determined that intangible assets are to some extent a complex and specific area of management, which has a strong influence on the results of production and commercial activities of industrial enterprises. A detailed analysis of the structure of intangible assets and the leading role of intellectual property in them, which is sufficiently important. The method of analysis of intangible assets of an industrial enterprise is proposed and its structural scheme is given. It is proved that intellectual property in the system of intangible assets of an industrial enterprise reproduces both positive and negative effects. The positive effect is manifested in the creation of new information that allows you to discover something new and innovative about the development of technology, nature and society. The presence of such an effect is the basis for further innovative development of scientific and technological progress in all spheres of activity. The negative effect is manifested in the existence of certain negative results or consequences of consumption of this intellectual property. It is substantiated that intellectual property, as a specific category, is still insufficiently studied by science. It still has a lot of misunderstandings, which in some cases significantly complicates the already controversial mechanism for regulating relations in the field of intellectual property. At the same time, objects and subjects of this category are already precisely defined.

Neuroscience approach for management and entrepreneurship: a bibliometric analysis

PurposeThis study focuses on the role of individuals in the innovation management process, by concentrating on leaders and associated behaviors. Specifically, Entrepreneurial Leadership (EL) represent one of the most important fields of innovation management that has become increasingly multifaceted and interdisciplinary with its evolution. Thus, the purpose of this study is to examine a newly emerging research trend with a new lens that is “neuroscience”.Design/methodology/approachThis paper finds an evidence-based roadmap by reviewing the literature with a quantitative Bibliometric Analysis (BA) employing Co-Citation (Co-C) and bibliographic coupling analysis (BcA) to find linkages between the leadership and entrepreneurship literature and the neuroscience literature.FindingsThis study identifies five promising groups of research areas such as the organizational approach, the biological approach, the cognitive approach, the emotional approach and it identify five future research topics such as dynamic skills in innovation exploitation process, the human aspect of leadership, the building process of leadership, the biological perspective of leadership and the application of neuroscience in the ecosystem. Moreover, we find an evidence-based roadmap for stimulating focused EL within the broad topic of innovation management research, to move the field forward.Originality/valueAlthough the past few years have observed the necessity of review studies on the subsets of biological factors, no reviews have sought to bring those different subsets together into a broader biological perspective. This study provides important indications on the interdisciplinary developments between the neuroscience aspects and EL, as a new emerging paradigm within the broad field of innovation management.

Multiple Strategies of Appropriating Value from Innovation: Ownership and Temporal Perspectives

The discussion on appropriability as a major determinant of firm competitiveness is relatively established in the fields of strategy and innovation management. The classic perspective of appropriability suggests that innovating firms seek individual value capture from activities that are specific to their organizations—excluding others, or at least keeping some control over their innovations. These widely held assumptions have led the appropriability discussion to fall short in explaining the latest developments in the changing business reality, such as the emergence of open forms of innovation and business models that abandon or are indifferent to control and ownership of resources. By theorizing appropriability along two axes, ownership and time, we recognize and articulate multiple strategies available for appropriating value from innovation. In particular, we identify four categories of innovation appropriability: primary, derivative, generative, and prospective, and identify their central features. This categorization contributes by enhancing a dynamic view on appropriability.

Management of a higher education institution and ways to implement effectively its innovation policy

Introduction. The utilization of innovation activity mechanisms increases the competitiveness and quality of educational services. The necessity to develop an innovative environment, to intensify the innovative activity of higher education institutions determines the relevance of research in the field of innovative management. The purpose of the article is to identify ways to implement effectively the innovation policy of a higher educational institution. Materials and methods. A theoretical analysis of research materials (data of ratings of technological innovations in education, publications in periodicals, conference proceedings, and analytical materials) was used. Results. The main innovative educational factors and technologies were identified: educational virtual and media technologies, human resource management, balanced scorecard as an innovative technology, bimodal educational systems. Discussion. The main functions of the educational knowledge management system are in solving interrelated problems: in the formation of innovative and self-learning corporate human capital; in social conditions, within which this capital realizes itself in the creation of innovations demanded by the market and other consumers in the form of educational products.

Familiness and R&D investments

PurposeThe purpose of this study is to investigate R&D investments in family firms.Design/methodology/approachThe socio-emotional wealth (SEW) perspective, considered as a dominant paradigm in the family business field, is the theoretical framework used to report different behaviors ascertained within family firms. This paper focuses on two dimensions of the SEW, namely, family control and influence and family identity. A suspected moderating role played by the firm’s life cycle stage on the dimensions is also investigated using panel data. To analyze the results, this paper uses the Smart PLS software on secondary data collected for 76 German family firms.FindingsThe empirical results reveal a negative influence of SEW on R&D investments. The prominent effect of the family control and influence dimension on R&D is higher in the first part of a firm life cycle.Research limitations/implicationsThe analysis of this study is subject to several caveats. First, to measure the R&D investment, this paper used R&D intensity computed as the total annual R&D expenses by total sales. Except for the fact that the use of proxies received several criticizes from scholars (Berrone et al., 2012) claiming how they do not directly relate to the essence of the dimensions measured. Second, this paper used two out of five FIBER dimensions only in the study. This paper took the right direction, but still, the complexity of SEW may not be fully captured following this approach (Berrone et al., 2012).Originality/valueThis study could be considered as an important extension of prior research investigating R&D in family firms. The authors provide a valid empirical construct, the FIBER scale, to capture non-monotonic behaviors in family firms and an enlargement of the family firms and innovation management field of research.

Management of the Company’s Innovation Development: The Case for Polish Enterprises

Management of innovation processes in a company is a field that is still not sufficiently researched and applied in practice. Managers in companies often do not know about modern techniques and design tools for creating innovation processes and about the possibility of their effective usage for management and in decision-making conditions. Therefore the main aim of the paper is to present contemporary theoretical and practical achievements in the field of innovation management, which focus on the area of innovation processes and emphasize the possibilities of managing innovation processes in business. The practical purpose of this study was to analyze the state and development of innovativeness of a selected group of Polish enterprises. The following methods were used in the work: a critical analysis of the literature, deductive methods, CAWI method (Computer Assisted Web Interview), and synthesis of measurement results of analytical indicators in selected functional areas of the studied enterprises. The conclusion was that for several years, it is clearly visible that a small group of innovative companies has formed in Poland that constantly increases its expenditure on innovative activities including research and development. In addition, the expenditures incurred are at a very decent level when compared to the European Union (EU) average, which suggests that these companies are competitive not only at the country level, but also outside it.

Technological Exaptation to Support Innovation for COVID-19 Pandemic Crisis

One of the problems in the field of technology analysis and innovation management is how new technologies origin and evolve in the presence of environmental threats. The goal of this study is to analyze evolution of innovations to cope with new coronavirus disease (COVID-19) that is generating health and economic concerns worldwide. In the theoretical framework of the technological exaptation, this study analyzes, with a narrative approach, innovative drugs that ended up treating COVID-19 even though they were born to treat other diseases, such as the antiviral drug Remdesivir and the anti-Rheumatoid Arthritis drug Tocilizumab. Results reveal that technological exaptation is one of the sources of innovation to cope with COVID-19 pandemic crisis in the short term and in general of environmental threats. New results here are the departure for creating new models of the origin and evolution of innovation during crises and environmental threats.

Agent\u2010based modeling of new product market diffusion: an overview of strengths and criticisms

Market diffusion of new products is driven by the actions and reactions of consumers, distributors, competitors, and other stakeholders, all of whom can be heterogeneous in their individual characteristics, attitudes, needs, and objectives. These actors may also interact with others in various ways (e.g., through word of mouth or social influence). Thus, a typical consumer market constitutes a complex system whose behavior is difficult to foresee because stochastic impulses may give rise to complex emergent patterns of system reactions over time. Agent-based modeling, a relatively novel approach to understanding complex systems, is well equipped to deal with this complexity and, therefore, may serve as a valuable tool for both researchers studying particular market effects and practitioners seeking decision support for determining features of products under development or the appropriate combination of measures to accelerate product diffusion in a market. This paper provides an overview of the strengths and criticisms of such tools. It aims to encourage researchers in the field of innovation management, as well as practitioners, to consider agent-based modeling and simulation as a method for gaining deeper insights into market behavior and making better-informed decisions.

A review of data analytics in technological forecasting

Technological forecasting (TF) has significantly benefited from data analytics over the past decades. However, little effort has been made to present an overview of data analytics in TF and discuss its key features and contributions. Consequently, there exist duplication of efforts, inconsistency in applications and a lack of understanding of the current state-of-the-art and common methodology frameworks. This study attempts to fill this research gap by conducting a review of the work on data analytics in TF published in leading journals in the field of technology and innovation management. We first develop a process-focused morphological matrix that provides a simple yet comprehensive view and enables the full spectrum of data analytics in TF to be examined. Specifically, the matrix consists of four dimensions and 12 factors: (1) awareness of TF contexts (objective, time horizon, field and level of analysis); (2) data collection and pre-processing (data source, data item and measure); (3) data analysis and validation (approach, methodology and performance evaluation); and (4) value creation (outcome and implication). A thorough presentation of the literature is then provided after the configurations of each article are identified. Accordingly, we also examine the practical implications of the process-focused morphological matrix and suggest future research directions in the field.

Technological exaptation and crisis management: Evidence from COVID‐19 outbreaks

One of the key issues in the field of technology analysis and innovation management is how new technologies origin and evolve in the presence of environmental threats. We confront this problem focusing on emerging innovative solutions to cope with unexpected and harmful problems posed by crises and needing a rapid, effective response. We specifically analyze the patterns of critical innovations to cope with new coronavirus disease (COVID‐19) that is generating public health and economic issues worldwide. Accordingly, in the context of the theory of technological exaptation, we adopted a narrative approach examining vital innovations that ended up treating COVID‐19 even though they were originated to treat other diseases (more or less distant from the COVID‐19 domain), as the antiviral drug Remdesivir and the antirheumatoid arthritis drug Tocilizumab. Results reveal that technological exaptation, especially if characterized by a longer exaptive distance, is a potential driving force of innovation to cope with COVID‐19 in the short‐term and other similar issues. On this basis, we provide propositions for a more general crisis model of innovation. This study adds a new perspective that may be helpful to explain the evolution of innovation in the presence of crises, considering technological exaptation in a context of environmental threats.

Exploring the Open Innovation Information Spillover Effect: Conceptual Framework Construction and Exploratory Analysis

Since its launch, open innovation has been one of the hottest research topics in the field of innovation management. However, most of the current literature focuses on open innovation participants, severing the link between actors engaging in open innovation activities and social third-party firms, i.e., lacks discussions of the social attributes of open innovation. Therefore, via the perspective of the evolution of open innovation participants, this paper reviews current research from the aspects of unilateral subjects, bilateral subjects, and third-party subjects. Integrating the perspective with a sociological view, this paper theoretically constructs a framework for the open innovation information spillover effect. Moreover, taking Huawei Technologies Co., Ltd., as an example, this paper verifies the practical existence of the information spillover effect among firms' open innovation activities. This paper aims to extend the research boundary of open innovation, thereby providing a theoretical reference for further studies.

Трансфер інноваційних технологій на глобальних і національних ринках і його вплив на економіку

Transition to the knowledge economy in the 21st century is accompanied by an active search for approaches to the management of socio-economic systems, the core of which is represented by technology. By means of innovative technologies, the basics of old business and capital reproduction models are destroyed, while the concentration of production factors and the attraction of assets of various investors acquires an appropriate target orientation. Accordingly, the problems of identifying the results of technology transfer and improving its efficiency are the subject of scientific and applied research in the field of international marketing, innovative and investment management. This publication is aimed at researching the policy of technology transfer to gain competitive advantages in domestic and foreign markets and the peculiarities of its implementation in the conditions of digitalization and servitization of global business, which is justified by the construction of appropriate mathematical models on the example of countries, leading in the world exports of computer services. Innovation technology is considered from different sides as follows: the object of transactions in international relations; the factor of formation of dynamic competitive advantages at both the macro- and the micro-levels; a driving force in shaping dynamic competitive advantages of goods and services; the basis for the growth of the country’s export potential. It is proved that thanks to information and computer technologies, the dominant properties of capital are manifested and the importance of innovative entrepreneurship in the economy with alternative sources of added value creation in related industries with a growing range of intellectual services is increasing. A contentual model of technology transfer as a dynamic process of absorption of technologies through the diffusion of new knowledge is built.

НАУЧНО-ОБРАЗОВАТЕЛЬНЫЙ ПРОЕКТ «ЦСИ – МИЭП – МГИМО»: ОПЫТ УСПЕШНОЙ РЕАЛИЗАЦИИ

The article highlights the experience of creating and implementing the scientific and educational project «CSI-MIEP-MGIMO» on the basis of the Center for Strategic Research in the Field of Innovation Management of the International Institute of Energy Policy of MGIMO of the Ministry of Foreign Affairs of Russia and the possibilities of its further use in the practice of scientific and educational activities of other educational and research institutions.

Management Innovation and Open Innovation: For and Towards Dialogue

This paper shows the full relevance of having a closerdialogue between the literatures on OI and MI thanis currently the case.Some encouraging and extremely interesting results have been reportedby MI research using the OI paradigm, and research on the organizationallevel of OI which echoes the MI literature. In particular, the literature on MI has examined the role of knowledge, experience and external agents in an outside-in perspective. The areas covered byMIresearch call for integration of the OI paradigm into the fieldof MI, to give ‘Open Management innovation'. In parallel, the literature on OI has called for reflection on organizationaldesign, structures, managerial practices in general and HR management in particular in order to manageopenness. However, the links highlighted remain weak, and the number of studies is low. Also, the summary proposedhere has shown their limitations and the need for replication or further investigation. Closer connections or a dialogue between the two fields of innovation management appears to be more than relevant and appropriate for their mutual enrichment. This studyhas identified promising and necessary research perspectives. More systematic discussions between these two communities could extend their respective boundaries and pave the wayfor a more integrative approach. This would give us an understanding of theconditions in which OI and MI respectively lead to other types of innovations, and what those types are, and in return how they feed and reinvent themselves in a recursive loop process.