C/M/162. The key characteristics of innovation process and the challenges for innovation management

This paper considers the vital components that shall be considered for innovation management. It views innovation as new knowledge creation process. The paper shows that for proper management of innovation process shall treat innovation as complex phenomenon, which requires the development of contingency strategies. The paper criticise traditional view of innovation process and considers the advantages of the processual one. The innovation management approach shall address such important areas as the development of necessary organisational culture, the creation of specific job design and development of contingent innovation management strategy.