Untitled - Ministerstwo Rozwoju Regionalnego

Chapter 14
INNOVATION IN TRANSPORT AND GROWTH
OF COMPANY VALUE IN TL MARKET
(Danuta Ruciñska)
14.1. Introduction
Innovation is the phenomenon and practice undertaken in all areas of public
and business life in the contemporary world. It is a measure of the level of modern
economy and development of civilization. Introducing innovation determines
the capacity of business organizations to function and survive in the competitive
market.
J. A. Schumpeter pointed out to the significance of innovation as a factor of
dynamising economy when, at the beginning of the 20th century, he put forward
his theory of innovation 1 based on the teaching of M. Kondratiev. Many
researchers and pragmatists 2 have been dealing with the problem. Also the Lisbon
Strategy stressed the importance of research on and development of innovation
3 .
Innovation is very important component of economic and social capital.
It contributes to development and increase in the value of each activity and each
organization. Innovative companies are learning economic organizations, able
to create and effectively implement market, technical and organizational innovations
helping to achieve strategic objectives in a competitive environment 4 .
1 J. A. Schumpeter, The Theory of Economic Development, Berlin 1912; J. A. Schumpeter: Teoria rozwoju
gospodarczego. PWN, Warsaw 1960.
2 Neotechnologic theory of J. A. Schumpeter was developed by economists, inter alia: R. Vernon,
S. Hirsch, L.T. Wells, J.M. Finger, S.P. Magee and more recently, inter alia, by: S.P. Robbins, D.A. De-
Cenzo, Antonelle, P. F. Drucker, E. Chell, J. Storey, G. Salaman and others, including many Polish
researchers.
3 Strategia Lizboñska – droga do sukcesu zjednoczonej Europy. UKIE, Warsaw 2003, pp. 11-14.
4 Czynniki wzrostu gospodarczego, ed. M. Haffer, W. Karaszewski. UMK, Toruñ 2004, p. 341.
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