Innovation management. Innovation management mechanism (most important)

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Innovation management. Innovation management mechanism (most important)

Lecture notes, cheat sheets

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7. INNOVATION MANAGEMENT MECHANISM

As soon as an innovation is accepted for implementation, it acquires a new property - it becomes an innovation. The time period between the creation of an innovation and its implementation into an innovation is called the innovation lag.

The process of converting innovation into innovation causes the expenditure of various resources, the main of which are time and investment.

Under market conditions, economic relations are formed as a system of buying and selling goods. Based on this, demand, supply and price are formed. The main components of innovation are innovation, investment and innovation. Innovation establishes the market for innovation, investment establishes the market for capital, and innovation establishes the market for pure competition of innovation. These three markets form the area of innovation.

In general, innovations mean the use of innovations for the purpose of making a profit as the latest technologies, types of products and services, organizational, technical and socio-economic conclusions.

The time period from the conception, creation and implementation of an innovation to its application is called the innovation life cycle. Given the sequence of work, the life cycle of innovation is called the innovation process.

The innovation market works with a product that is considered a product of scientific, technical, intellectual activity with copyright.

The market of pure competition of innovations is a community of sellers and buyers who make transactions with a similar product under conditions in which the buyer or seller does not affect the level of current prices. Using the concepts of "pure" competition, they do not take into account the analysis of issues of price, non-price, unfair and other policies in the struggle of firms for the most profitable segments of capital investment, sales markets, sources of resources and scientific and technical innovations.

With all the variety of forms of participation of organizations in the innovation market, the decisive condition is the amount of investment both in the field of scientific and scientific and technical activities, and in the process of reorganizing innovations into innovations.

Capital market: the availability of the required amount of capital is limited to satisfying the needs of the firm. The capital can be loan, current, joint-stock, venture, authorized. Investments are divided into:

1) real investments - they are realized by firms by buying assets;

2) financial investment is the acquisition by firms and individuals of securities of different issuers.

Authors: Evgrafova I.Yu., Krasnikova E.O.

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