THE PLACE OF INNOVATION MANAGEMENT IN THE LIFE OF ECONOMIC ENTITIES

The innovation management -changing the way organizations work- plays a crucial role in the sustainability and competitiveness of economic entities. This paper explores the place of innovation management within organizations through a comprehensive literature review, examining its definition, ev...

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Main Author: CSŐSZ CSONGOR
Format: Article
Language:English
Published: Academica Brâncuşi 2024-12-01
Series:Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie
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Online Access:https://www.utgjiu.ro/revista/ec/pdf/2024-06,%20Volumul%20II/29_Csosz.pdf
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author CSŐSZ CSONGOR
author_facet CSŐSZ CSONGOR
author_sort CSŐSZ CSONGOR
collection DOAJ
description The innovation management -changing the way organizations work- plays a crucial role in the sustainability and competitiveness of economic entities. This paper explores the place of innovation management within organizations through a comprehensive literature review, examining its definition, evolution, and drivers. The utility of innovation management is discussed in terms of improving organizational agility, enhancing employee engagement, and reducing costs. The paper also identifies key targets of innovation management, including organizational structures, leadership practices, and work processes. Finally, the reasons why organizations should pursue innovation management are explored, highlighting the need to adapt to technological change, address shifting workforce dynamics, and respond to globalization. By embracing innovation management, organizations can foster a culture of adaptability and creativity, ensuring long-term growth and competitive advantage.
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issn 1844-7007
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publishDate 2024-12-01
publisher Academica Brâncuşi
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series Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie
spelling doaj-art-d4b7fac77edd411bb3031169692dcd142025-01-03T16:00:22ZengAcademica BrâncuşiAnalele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie1844-70072344-36852024-12-0126252256THE PLACE OF INNOVATION MANAGEMENT IN THE LIFE OF ECONOMIC ENTITIESCSŐSZ CSONGOR0ASSOCIATE PH.D., BABEȘ – BOLYAI UNIVERSITY OF CLUJ NAPOCAThe innovation management -changing the way organizations work- plays a crucial role in the sustainability and competitiveness of economic entities. This paper explores the place of innovation management within organizations through a comprehensive literature review, examining its definition, evolution, and drivers. The utility of innovation management is discussed in terms of improving organizational agility, enhancing employee engagement, and reducing costs. The paper also identifies key targets of innovation management, including organizational structures, leadership practices, and work processes. Finally, the reasons why organizations should pursue innovation management are explored, highlighting the need to adapt to technological change, address shifting workforce dynamics, and respond to globalization. By embracing innovation management, organizations can foster a culture of adaptability and creativity, ensuring long-term growth and competitive advantage. https://www.utgjiu.ro/revista/ec/pdf/2024-06,%20Volumul%20II/29_Csosz.pdfnnovation managementorganizational structuretechnological changecompetitive advantagework processeseconomic entities.
spellingShingle CSŐSZ CSONGOR
THE PLACE OF INNOVATION MANAGEMENT IN THE LIFE OF ECONOMIC ENTITIES
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie
nnovation management
organizational structure
technological change
competitive advantage
work processes
economic entities.
title THE PLACE OF INNOVATION MANAGEMENT IN THE LIFE OF ECONOMIC ENTITIES
title_full THE PLACE OF INNOVATION MANAGEMENT IN THE LIFE OF ECONOMIC ENTITIES
title_fullStr THE PLACE OF INNOVATION MANAGEMENT IN THE LIFE OF ECONOMIC ENTITIES
title_full_unstemmed THE PLACE OF INNOVATION MANAGEMENT IN THE LIFE OF ECONOMIC ENTITIES
title_short THE PLACE OF INNOVATION MANAGEMENT IN THE LIFE OF ECONOMIC ENTITIES
title_sort place of innovation management in the life of economic entities
topic nnovation management
organizational structure
technological change
competitive advantage
work processes
economic entities.
url https://www.utgjiu.ro/revista/ec/pdf/2024-06,%20Volumul%20II/29_Csosz.pdf
work_keys_str_mv AT csoszcsongor theplaceofinnovationmanagementinthelifeofeconomicentities
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