Abstract
Innovations make a significant contribution to economies, while at the same time 85% of innovations in the market are unsuccessful. This is a record high number of unsuccessful innovations, considering the high macro-level support of innovations and researches, devoted to innovations. The study analyzes in detail the technological essence of innovation process, its constituent components, the elements of commercially viable innovations and their interrelations with the aim to find the common thread of successful innovations in the market. The result is the conclusion that there is a specific algorithm that is repeated in the context of commercially successful innovations. The study offers the list of innovative components of innovations and the analysis of the regularities of commercially successful innovation process technology.
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Notes
- 1.
SKU – stock keeping unit.
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This measure confirms a sustained level of consumer demand while allowing for some drop in revenue during the transition from trial to adoption.
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Batraga, A. et al. (2019). Code of Breakthrough Innovations. In: Karwowski, W., Ahram, T. (eds) Intelligent Human Systems Integration 2019. IHSI 2019. Advances in Intelligent Systems and Computing, vol 903. Springer, Cham. https://doi.org/10.1007/978-3-030-11051-2_53
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DOI: https://doi.org/10.1007/978-3-030-11051-2_53
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