INNOVATION MANAGEMENT WITH EMPHASIS ON TECHNOLOGICAL INNOVATION SYSTEM

In todayʹs highly dynamic and competitive business environment, firms are exposed to strict challenges with meeting the ever-increasing market and customer needs and expectations, coping with sophisticated requirements, and facing technological obsolescence. In this regard, the concept of innovation is gaining prominent significance as a means of sustaining performance and growth. Today, all firms acknowledge innovation as a fundamental process for national competitiveness and wealth. It has been an area of intense research and various conceptualizations have been put forward. The technological innovation systems framework was developed as an analytical tool for studying the emergence of technological innovations. While the actors typically may study this framework are firms, so the subject of this paper is technical research area that can be expected to play an important role in the development and diffusion of technological innovations. In this paper we’re going to review innovation management system and suggest roles of technological innovation.