Process of innovation

Linear process of innovation distinguishes following stages:

  • Basic research - theoretical considerations, the aim of which is to create new ideas.
  • Applied research - finding practical solutions for created projects.
  • Development works - creation of a prototype.
  • Implementation - starting the manufacturing activity, checking the production technology (see: importance of technology).
  • Production - start of production using the technology
  • Sales - initiation of sales.

Innovations can arise as a result of research and development, as well as the emerging market demand for new, improved products.

References

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