Innovation as a Key Factor for Entrepreneurial Activity

Abstract:

The topic about innovations and success factors in innovations has frequently been discussed by researchers and other writers. ‘Innovation’ is different in science for a researcher and in business for an engineer. In science an innovation is something which is ‘interesting’ and it does not have to be useful, but for engineer an innovation must be something ‘new’ and ‘useful’ and does not have to be interesting. Innovation is as a key factor for entrepreneurial activity which has an influence on the competitiveness of enterprises. In today's increasingly competitive environment, managers are having to update themselves on the range of factors that determine innovation success. The aim of the study was to presents success factors in high-tech companies at start-up stage based on individual surveys and compare them with success factors present by other researches.

• Periodical: Applied Mechanics and Materials (Volume 657)
• Pages: 1046-1050
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.657.1046
• Online since: October 2014
• Authors: Jolanta Krolczyk*, Stanisław Legutko
• Keywords: Entrepreneurial, Innovation, Product Innovation, Success Factors in Innovation

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