Innovation - a tool for improvement of the company

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Innovation - this is a novelty, it is intended to implement in a particular industry.The introduction of such innovation involves the implementation of a special process which has its start and end of further movement.

life cycle of innovation plays an important role in the planning of production and organization of the innovation process.This role is:

- to compel the head of a business entity to carry out the analysis of activity from the perspective of today and in terms of innovation;

- to justify the systematic planning issue of innovation;

- in the definition of the concept of life-cycle as a basis for analysis and planning innovation.

characterizes the innovation life cycle.This may indicate some differences identified affecting primarily the cycle time, the duration of each step within a specific and different number of steps.The number and types of life cycle stages can be determined by the specific features of innovation.At the same time, each of the concepts to be defined "pivotal" (basic) foundation with clearly defined stages.

Innovation - a process that is based on the passage of seven new product life cycle stages:

- directly to its development;

- entering the market;

- development and recovery of the market;

- stabilizing or falling market.

Stage of development of an entirely new product innovation process is organized by the manufacturer.It is at this stage and there investment.

For the successful completion of phase-to-market innovation is directly responsible.It is a kind of period of implementation of a completely new product on the market.As a result, the product should start to make money, and the duration of this stage depends on the quality of the advertising campaign, the inflation rate and efficiency of work of points of sale of these innovations.

next stage - the development and rise of the market - are associated with an increase in sales volumes introduce products.Their duration is a time period during which a new product can be sold actively, thereby achieving a certain limit its saturation of the product.

With regard to the application of some innovations in specific sectors, there is a need to pay attention to the activities of energy companies.

For such organizations, innovation - not just words, it is a necessity that can do the work of power engineers more productive.For use in the work of some innovations, energy companies promote their own research and development and cooperate with scientific research institutes.Also, they have actively conducted monitoring and implementation of innovative solutions.

Innovation in the energy sector - is not only (in recent years), modernization and reconstruction of existing equipment at the disposal of companies.This application is a completely new technologies to ensure the performance of the equipment under severe temperature conditions.