| Issue |
SHS Web Conf.
Volume 129, 2021
The 21st International Scientific Conference Globalization and its Socio-Economic Consequences 2021
|
|
|---|---|---|
| Article Number | 05003 | |
| Number of page(s) | 7 | |
| Section | Innovation, Collaborative, and Circular Economy | |
| DOI | https://doi.org/10.1051/shsconf/202112905003 | |
| Published online | 16 December 2021 | |
Innovation measurement: An extensive literature analysis
1 University of Zilina, Faculty of Operation and Economics of Transport and Communications, Univerzitna 1, 010 26 Zilina, Slovakia
2 University of Zilina, Faculty of Operation and Economics of Transport and Communications, Univerzitna 1, 010 26 Zilina, Slovakia
* Corresponding author: katarina.janoskova@fpedas.uniza.sk
Research background: There is no doubt that innovation is an important source of a company´s competitiveness, but it is very difficult to measure the extent to which it contributes to the growth of competitiveness. Opponents of measuring innovation argue that measuring innovation is a measurement of the immeasurable. How to measure innovations and is it possible to measure innovations, is a question constantly posed by academics, managers, and economists all over the world. To find answer to these questions, this review article analyses scientific publications on innovation measurement published between 1968 and 2021.
Purpose of the article: The main purpose of this article is to increase the understanding of the metrics landscape and to identify differences in the methods used in the past and present with emphasis on identification of statistical and econometric methods used to study innovation.
Methods: To achieve the purpose of the article, literature review as a method of qualitative research was used. Data for literature review were gained from the Web of Science database.
Findings & Value added: The analysis finds several metrics that can be used for evaluation of company´s innovation. The results can helps managers, academics, and economists to better understand the innovation measurement..
Key words: innovation potential / innovation capacity / innovation measurement
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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