Abstract:
Existing in the modern economic literature approach to innovative management considers it only as a function of a management system of an organization – management of product/technology/organization innovations. The paper argues more broad view at the innovative management of organization as an interactive activity based on the feedback interactions and aimed to create within firm microeconomic factors/ or key competences. These microeconomic factors/ or key competences are consisting of organization strategy and strategic control, social or organizational human capital, set of financial resources. Combining and matching of these factors provide for organization its competitive advantages due to competition by innovations. As a result the organization is able to get Schumpeter’ rent.
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