Innovation Process Model

Abstract

This paper presents the author's model of infrastructural nonlinear innovation process. In the authors' opinion innovation process consists of four stages: new concept formation (result: new idea); development of innovation (result: innovation); manufacturing (result: innovation); promotion (result: innovative product). The innovation process model provides various ways of work performance (own efforts, collaborative activities, and outsource) or different levels of independence for each stage. The use of the presented innovation process model permits to make it clearer for investors, leads to market mechanisms start in the sphere of innovations, and simplifies all innovation process stages coordination. This paper reviews the evolution of scientific images of innovation process. This paper introduces two main approaches to innovation process: linear and nonlinear. Essence of the innovation process concept is specified and expanded. The innovation process is the system of measures to the new knowledge transformation into the innovative product. The paper considers the examples of work performance with outsource involvement (crowdsourcing and integration).

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This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.

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Publisher

European Publisher

First Online

25.09.2021

Doi

10.15405/epsbs.2021.09.02.211

Online ISSN

2357-1330