Innovation Concepts and Typology – An Evolutionary Discussion

Abstract

This paper is devoted to the analysis of evolution of innovation concepts, aspect and types. First emergence and evolution of different aspects and concepts of innovation are analysed, then the development of innovation concepts from a historical perspective and finally an overview given of types of innovation classifications developed in the literature. Surrounding this different definitions of innovation are described and analyzed in detail. The main goal of the article is to define the trend of development of innovation conceptualization and understanding over time.