Aspectos a considerar en la aplicación de la innovación en las empresas

Abstract

The article talks about the main aspects of innovation as well as the different sources of financing that arise in the innovation cycle. It is important to highlight that today there are factors that impact companies such as the environment, being dynamic, competitive and globalized, in which the conduct of innovation is the main factor for success and permanence in the market. The article is divided into five sections which are: Definition of innovation, nature of the innovation, stages of the innovation cycle, sources of financing and conclusions. All this in order to obtain a competitive advantage and face the different factors of the environment in which they operate, that is why they must create, incorporate and develop knowledge, which is why continuous innovation is necessary in their processes, products, services and others. Innovation is understood as “the use of new knowledge to improve or generate a new product, process or service accepted by the market” (Rangel, 2012). Equally, for Schumpeter, innovation is combining materials and forces and doing it differently so that new combinations originate, this being an incentive for both companies and the development of the country.