From Innovation to Innovative Business

Abstract

Innovation is the process of adapting from old to new, that would mean a 100 year difference or change from yesterday to today. It is the main source of economic growth and social and technological progress. In recent years, innovation-led economic growth has been increasingly focused on technological change, digitisation and environmental sustainability, but also on a need for change generated by the Covid-19 pandemic crisis. In this paper we aim to analyse the role of innovation and its impact on various processes, while explaining the shift to innovation business, based on various models used in some countries. GEL: F44, O03