Author(s)

Sibei Wang ¹

Affiliation(s)

¹ School of Economics and Management, Guangxi Normal University, Guilin, Guangxi Zhuang Autonomous Region, 541006, China

Corresponding Author

Sibei Wang

ABSTRACT

Innovation is a critical driver of economic growth. This paper reviews the evolution of the concept of innovation and measurement methods. It explores the connection between process-oriented innovation models and the development of measurement methods. The classification of innovation measurements based on various typologies is discussed. Finally, in the context of digitization and globalization, the paper examines future prospects for innovation measurement. The main conclusions are:①The evolution of societal practices has driven the ongoing development of the concept of innovation and led to continuous refinement in measurement methods.②The inherent limitations of traditional indicators will be partially resolved in the era of big data.

KEYWORDS

Innovation Models, Innovation Measurement, Concept of Innovation

CITE THIS PAPER

Sibei Wang, Research on Innovation Theory and Measurement. Information Systems and Economics (2024) Vol. 5: 120-126. DOI: http://dx.doi.org/10.23977/infse.2024.050516.

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