EAS Publisher | A Literature Review on Innovation Process

A Literature Review on Innovation Process

DOI : https://doi.org/10.36349/easjebm.2018.v01i03.003

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The innovation process is a more and more approached topic in the literature. The reason for this is that innovation is a key element for the survival of an organization. The need for innovation is imperative, whether it's companies that have to fight for market share or profit, or public organizations that need to improve their services. This research presents the models of the innovation process as well as a perspective how the models of the innovation process have developed over time. In the course of industrial development, there have been a number of attempts to impose a certain conceptual order in the analysis of the innovation process in order to understand the nature and the way in which innovation activities are carried out and to provide a more secure basis for formulating innovation policies.

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