The concept of “innovation” refers to the economic category and is the object of a kind of economic mechanism that affects certain processes associated with the creation and implementation of innovations, as well as various relations in the economic sphere. It should not be forgotten that the market is the place of origin of such relations.
The specified economic mechanism affects innovation using special strategic management tools, which together form the
innovative management. This is a certain control system for various innovations, as well as processes and relationships that arise in the process of their movement.
The basis of innovation management
The basic points of this economic category are:
- a focused search for ideas that will serve as the basis for a specific innovation;
- organization of the innovation process for a specific innovation, which involves the implementation of a range of organizational and technical plans to transform an ordinary idea into a final product;
- The process of implementing and promoting new ideas on the market.
Any of these areas should include a specific strategy and tactics. So, the strategy shows the direction with the way of using resources to achieve the goal. This method should correspond to a certain set of restrictions and rules when making decisions.
Thus, innovation management is an economic category that uses such effective tools as a strategy that allows you to concentrate all efforts on a specific acceptable solution, and tactics that involve the use of certain methods and techniques to achieve the goal in each case. The main objective of tactics is the choice of the optimal solution, the most acceptable in each individual economic situation.
Innovation management is a perfect management system.
Considering this category as a system, it is necessary to distinguish two main subsystems:
- managing as a subject;
- managed as an object.
The interaction of these two subsystems is carried out in the field of information movement, which is directly a management process. In other words, innovative management is a development process with the subsequent implementation of the impact on the object by the subject of management. Moreover, this development involves the collection, transmission and final
processing of information with subsequent decision-making and determination of the control effect.
The subject can be both one employee and a group of employees who support the operation of the object using special methods. The object of management is innovation, the process of introducing innovations and economic relations in this area.
Specialized literature
Often, in research work of students (an example is term paper), innovative management considers another element - an information product. This element appears as a result of the collection and processing of information with an assessment of its effectiveness in use.
We must not forget about the functions that innovative management performs, a textbook, for example, Dorofeeva V.D. contains just such: the functions of the subject (organization, forecasting, planning and coordination) and the functions of the control object (investment, organization of the innovation process and the promotion of innovations in the market).