Acta Univ. Agric. Silvic. Mendelianae Brun. 2012, 60(2), 523-532 | DOI: 10.11118/actaun201260020523

Evaluation of innovation processes

Jakub Tabas, Michaela Beranová, Josef Polák
Ústav podnikové ekonomiky, Mendelova univerzita v Brně, Zemědělská 1, 613 00 Brno, Česká republika

In present, innovations are spoken as an engine of the world economy because the innovations are transforming not only business entities but the whole industries. The innovations have become a necessity for business entities in order to survive on floating challenging markets. This way, innovations are driving force of companies' performance. The problem which arises here is a question of measurement innovation's effect on the financial performance of company or selection between two or more possible variants of innovation's realization.
Various authors which are focused on innovations processes are divided into two groups in their attitudes towards the question of influence of innovations on financial performance of companies. One group of the authors present the idea that any reliable measurement is not possible or efficient. The second group of authors present some methods theoretically applicable on this measurement but they base their approaches mostly on the methods of measurement of investments effectiveness or they suggest employment of indicators or ratios which wouldn't be clearly connected with the outcome of innovation process.
The aim of submitted article is to compare different approaches to evaluation of the innovation processes. The authors compare various approaches here and by use of analysis and synthesis, they determine their own method how to measure outcome of innovation process.

Keywords: barriers to innovation processes, effectiveness, efficiency, financial performance, innovation
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This paper is the outcome of the project IGA PEF MENDELU: Identifikace bariér zvyšování inovačního potenciálu malých a středních podniků v ČR (No. 37/2011).

Received: November 30, 2011; Published: October 3, 2013  Show citation

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Tabas, J., Beranová, M., & Polák, J. (2012). Evaluation of innovation processes. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 60(2), 523-532. doi: 10.11118/actaun201260020523
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