TYPES OF THEORETICAL APPROACHES TO THE TERM "INNOVATION"
Keywords:
Innovation, activity, potential, indicatorsAbstract
Today, one of the indicators of the company's potential is the modernization of production, the renewal of the material and technical base, and the adaptation of the assortment to market requirements. This process is called innovation activity. Assessing the scope, value, and benefits of innovation presents many challenges. First, there is no generally accepted definition of innovation; economists of each era have expressed their understanding. Secondly, the lack of reliable statistical data on its main components and aspects. This article discusses various interpretations of the term "innovation".
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