Modelling the Process of Adapting Innovative Solution to the Production Conditions

Abstract

The paper looks at the issue of innovation introduction management. It presents the scientific-methodical approach to management from the standpoint of ensuring continuous introduction of innovation due to timely selection of the innovative idea by the time of the actual payback period of the innovation introduced earlier. Practical implementation of the innovative solution is associated with the time spent on its selection, design and technological development, manufacturing, as well as on adaptation that, in turn, covers assimilation of innovation and its adjustment to the real operating conditions. This necessitates the study of the structure and composition of time costs incurred while introducing the innovation, as well as the factors affecting them. Implementation of the devised approach will provide new tools for planning innovation introduction and managing these processes.

Keywords

• INNOVATION DEVELOPMENT BANK OF IDEAS IDEA IMPLEMENTATION CYCLE IDEA ADAPTATION TIME
• INNOVATION
• CONTINUOUS INNOVATION DEVELOPMENT
• BANK OF IDEAS
• IDEA IMPLEMENTATION CYCLE
• IDEA ADAPTATION TIME