Innovation management: the theoretical aspect

Abstract

Nowadays, innovation plays an important role in the eco nomic prosperity of any enterprise and the country as a whole and is import ant for the social and economic progress of the whole society. In today's economic environment, innovation has become a driving force for eco nomic, technological, political, environmental and social development. And so innovation needs to be managed, because it is the management of inno vation that is a key element, on the effectiveness of which depends on the growth of the welfare of society in general and the activation of efficiency of activity in particular. So the relevance of studying the issues of manag ing the innovation activity of the enterprise is timely. This study analyzes the scientific views of different authors to define the concepts of “innova tion”, “innovation” and “management of innovation”. On the basis of ter minological analysis it is established that in defining the concept of “inno vation activity” it is necessary to take into account scientific developments that do not lead to the emergence of an innovative product. The peculiari ties in defining the concepts of “innovation activity” and “management of innovation activity” are analyzed. The economic essence of the innovation process is revealed. Prospects for further research may be the analysis of theoretical approaches to assessing the efficiency of innovation activity of the enterprise.