A Proposal for a Standard With Innovation Management System

Oleg Golichenko and Svetlana Samovoleva
activity, incentives to innovate, innovation process performance, timing and pace of the innovation
process. The inputs are resources necessary for innovation activity. The outputs are considered as a
result of demand and supply interactions. Therefore, the factors being divided in accordance with the
nature of framework and innovation-specific determinants are attached to the components of
innovation process.
Figure 1: The system of innovation activity factors
It is worth noting that this approach differs significantly from approaches in which the categorization is
made according to the types of risks, i.e. commercial, institutional ones, etc. (Balabanov 1996, Merna
and Smith 1996, OECD 2008). The suggested classification of this study is based on the idea of
binding risk factors with components of innovation activity.
3. Risk factors of innovation activity
In the paper, a risk is understood as the potential failure to achieve objectives and commonly seen as
“the possible loss of something of value” (Blomkvist, 1987: 89) and risk factor is defined below as a
fact or situation which influences the emergence of risk. In this section the risk factors are considered
in relation to components of innovation activity highlighted above.
In the study, innovation surveys are used to find risk factors. The surveys provide qualitative and
quantitative data on innovation activities. Much of the data is of a subjective nature, being largely
based on the personal appreciation and judgment of the respondents. The surveys are extensively
taken into consideration by statisticians and policy observers to benchmark and monitor innovation
performance (Mairesse and Mohnen 2010). The detailed overviews of studies based on innovation
survey data is presented by Baldwin and Hanel (2003), Kleinknecht and Mohnen (2002) and Van
Beers et al. (2008). There have been various issues of Community Innovation Surveys (CIS) including
CIS 1, CIS 2, CIS 3, CIS 4, CIS 2006, CIS 2008 and CIS 2010. The CIS are now conducted in all
European Union (EU) member states and sometimes even at a regional level. Innovation surveys
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