Innovation Management: Functions, Methods, and Principles

Innovation
management

Introduction
• Innovation management, or innovative management - is a relatively new concept in the
scientific, technical, production-technological, financial-economic and administrative
spheres of activity of professional managers (managers).
• Objects of management in state, joint-stock and private organizations (firms) are
directions of innovative activity connected with the processes of creation, development
and commercialization of new consumer values, their distribution and use as ready-made
products, advanced technologies and services (An & Ahn, 2016)..
• The main objectives of the training element:
• • justify the concept of the development of high-tech industries on the basis of domestic
scientific and technical research that can provide competitive advantages of products of
industrial and service organizations (Autio, 2017).;

Cont......
• To summarize the available knowledge about the functions and
methods of innovation management, including the motivation of
innovation;
• to acquaint with the main directions of state support of science and
development of technologies ensuring the creation of competitive
products, effective use of innovative potential of industrial
organizations (Bowers & Khorakian, 2014).