Innovative Susceptibility of the Socio-Economic Systems

Literature Review

For the purpose of systematic research of the “innovative susceptibility” concept it is considered necessary to define the substantive essence of “innovation” and “susceptibility” concepts.

The study of the business entities susceptibility to innovation is linked to the theory of innovation diffusion.

In the economic literature, the definition of “innovation” uses static and dynamic approaches in which innovation is viewed as a process, a change, an object, a result and a system.

The point of view according to which the innovations are seen as a process is quite common, in particular:

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  the process of using the products of mental labor-ideas and inventions, which leads to the creation of the new products with better properties and new technologies (Alimov, 1993);

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  the process of a new idea implementation in any sphere of human activities, which contributes to meeting the existing need in the market and provides an economic effect (Bezdudnyi, 1998);

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  the process of development, exploitation of productive economic and social potential which underlies innovation (Morozov, 2003);

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  practical application of the ideas that leads to the creation of the products and technologies of the best quality (Santo, 1990);

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  the process in which the output or the idea becomes economically meaningful (Tviss, 1989);