Updating the Parameters of the Development of Effective Economic Thought to Motivate Society to Finance Innovative Activities

Authors

DOI:

https://doi.org/10.47451/ecn2021-02-004

Keywords:

economic thought, innovation, innovation economy, economic efficiency

Abstract

The article considers the intermediate research results on determining the parameters of effective economic thought development to motivate society to finance the innovative activities of researchers in various fields of science. Historical, comparative, inductive, and deductive methods were used to solve the problems set in the study. The research uses the works of well-known scientists in the field of studying the development of society and innovative thought, for example, J.A. Schumpeter, Henry W. Chesbrough, Lars Schweizer, R. Rothwell, and others. It is concluded that at the present stage of the society’s evolution from industrial to informational, economic thought should form a fundamentally new financial approach to innovation, more complex and complex. It is necessary to develop a three-dimensional approach model to innovation. The study results can be used by specialists and researchers in the field of innovative economy, economic history and social economics.

Downloads

Download data is not yet available.

Author Biography

  • Alexander Buychik, European Scientific e-Journal (Ostrava)

    Doctor of Sciences in Economics, Chief Director for Science

References

Casadesus-Massanell, R., & Feng, R. Zhu. (2013). Business model innovation and competitive imitation: The case of sponsor-based business models. Strategic Management, 34, 4, 464–482.

Chesbrough, H. W. (2003). Open Innovation: The New Imperative for Creating and Profiting from Technology. Harvard Business School Press.

Ivashchenko, N. P., Engovatova, A. A., Korostyleva, I. I. et al. (2016). Economics of Innovation. Moscow: Faculty of Economics of Lomonosov Moscow State University.

Komissarov, P. V. (2020). Relevance of the application of the theory of fuzzy sets in the calculation of the strategic security of a complex technical system. Actual Issues of Modern Science. European Scientific e-Journal, 6, 2, 54–63. Hlučín.

Rothwell, R. (2002). “Towards the Fifth-generation Innovation Process” in J. Henry and D. Mayle (Eds.). Managing Innovation and Change, 6, 115–135. London: Sage.

Sahut, J., Hikkerova, L., & Khalfallah, M. (2013). Business model and Performance of Firms. International Business Research, 6, 2, 64–76.

Schumpeter, J. A. (1934). Theory of economic development. Harvard University Press, Cambridge, MA.

Schweizer, L. (December 1, 2005). Concept and Evolution of Business Models. Journal of General Management, 31, 2, 37–56.

West, J., & Gallagher, S. (2006) Challenges of Open Innovation: The Paradox of Firm Investment. R&D Management, 36, 3, 315–328.

Published

2021-02-28

Issue

Section

Economics, Management & Marketing

How to Cite

Updating the Parameters of the Development of Effective Economic Thought to Motivate Society to Finance Innovative Activities. (2021). European Scientific E-Journal, `10, 7–16. https://doi.org/10.47451/ecn2021-02-004

Similar Articles

1-10 of 33

You may also start an advanced similarity search for this article.