The paper aims at explaining the importance of innovations in modern enterprises. Activities leading to creation of … innovative solutions, types of innovations and their meaning for enterprise’s strategic planning have been presented. The meaning … individual innovations for maintaining an optimal cost / income balance, hence the economic rationality of innovative …

This paper proposes a reduced form model of dynamic duopoly in the context of heterogeneous innovations framework. Two … agents invest into product and process innovations simultaneously. Every newly introduced product has its own dimension of … process-improving innovations and there is a continuum of possible new products. In the area of process innovations the …

innovations lead time, and for product innovations, superior sales and service efforts are viewed as the most effective means of … appropriation. 2)For both product and process innovations, patents are the least effective means of appropriation. In general …

effectiveness and efficiency of the factors of competitiveness. The role of innovations and knowledge creating activities in …

Economic literature describes drastic and non-drastic innovations as sources of marginal cost reduction. The difference … is that non-drastic innovations are unable to reduce the new marginal cost in order to ensure that the innovator is able …