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Digest Finance
 

Integrated Management Analysis of Innovation: A Conceptual and Methodological Framework

Vol. 23, Iss. 4, DECEMBER 2018

PDF  Article PDF Version

Received: 21 June 2018

Received in revised form: 5 October 2018

Accepted: 19 October 2018

Available online: 24 December 2018

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: L29, M19, M49

Pages: 466–482

https://doi.org/10.24891/df.23.4.466

Krylov S.I. Ural Federal University named after the First President of Russia B.N. Yeltsin, Yekaterinburg, Russian Federation
19016708@rambler.ru

https://orcid.org/0000-0001-6750-085X

Subject The contemporary market economy has no alternative but to go down an innovation development path, necessitating the research into the theory, methodology and methods of innovation in management analysis. This facilitates adequate and effective decisions concerning innovation management.
Objectives The research reviews a conceptual and methodological framework for integrated management analysis of innovation, which constitutes an absolutely new kind of management analysis revealing the robust information about the innovation-driven performance, untapped resources and opportunities for their mobilization.
Methods The methodological framework builds upon a conceptual approach to integrating innovative processes, conceptual basis of business-specific types of management analysis to study innovation, and the Balanced Scorecard concept (namely, its innovation component).
Results The integrated management analysis of innovation is showed to comprehensively study the formation of relevant resources, costing, outcome of innovation, and crucial processes relating to consumers and competitors. The set of indicators includes metrics of innovation, investment, competitive and market analysis, which may serve for examining the innovative performance from operational, tactical and strategic perspectives. The integrated management analysis of innovation comprises the assessment, evaluation and estimation of indicators.
Conclusions and Relevance The integrated management analysis of innovation is a fairly effective tool to supply the managing process with necessary information since it views innovation as a single construct.

Keywords: innovation, management, management analysis, integration, Balanced Scorecard

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