Understanding the Innovation Concept

Autores

  • Umidjon Ahunjonov Maxamadumarovich
  • Bojan Obrenovic
  • Mahammadsidik Amonboyev

DOI:

https://doi.org/10.24212/2179-3565.2012v3i3p19-26

Palavras-chave:

Innovation, National System of Innovation, Drivers of Innovation, Global innovation index

Resumo

In today’s fierce competitive environment, we frequently hear media discussing issues related to innovation. From these discussions, it is not difficult to assume that innovation has become one of the most controversial topics of the 21st century. If for some businesses being innovative is an attempt to be market leaders in their area for many others it is the only way to response appropriately against challenges by their innovative rivals in the market. In brief, today’s competitive market situation has already turned out to be “innovate or die” situation. Therefore, understanding the concept of the innovation is crucial to know about innovation itself and its importance. Thus, This paper explored the concept of innovation through literature review and gave an overview of the concept of innovation, as well brought readers a quick introduction about innovation and presented the fundamental understanding of its importance, actors, sources, types and main drivers. In this paper, innovation was discussed in five different sections and a conclusion was derived as an inference.

Biografia do Autor

Umidjon Ahunjonov Maxamadumarovich

School of Management, Wuhan University of Technology, Wuhan, China,430070

Bojan Obrenovic

School of Management, Wuhan University of Technology, Wuhan, China,430070

Mahammadsidik Amonboyev

Tashkent State University Economics, Tashkent, Uzbekistan, 10003

Downloads

Edição

v. 3 n. 3 (2012)

Seção

Artigos

Licença

Esta obra está licenciada sob uma licença Creative Commons Atribuição - No comercial - Sin derivaciones 4.0 Internacional

1.O(s) autor(es) autoriza(m) a publicação do artigo na revista;

2.O(s) autor(es) garante(m) que a contribuição é original e inédita e que não está em processo de avaliação em outra(s) revista(s);

3.A revista não se responsabiliza pelas opiniões, ideias e conceitos emitidos nos textos, por serem de inteira responsabilidade de seu(s) autor(es);

4.É reservado aos editores o direito de proceder ajustes textuais e de adequação do artigos às normas da publicação.

1.1 Copyright Statement 

This journal is licensed under a Creative Commons Attribution-Non Commercial-No Derivers 4.0 International license. 

1. The author (s) authorize the publication of the article in the journal; 

2. The author (s) warrant that the contribution is original and unpublished and is not in the process of being evaluated in other journal (s); 

3. The journal is not responsible for the opinions, ideas and concepts emitted in the texts, as they are the sole responsibility of its author (s);

4. The editors are entitled to make textual adjustments and to adapt the articles to the standards of publication.