Encyclopedia of Law and Economics

2019 Edition
| Editors: Alain Marciano, Giovanni Battista Ramello

Innovation

  • Tanja BenedictEmail author
Reference work entry
DOI: https://doi.org/10.1007/978-1-4614-7753-2_258

Synonyms

Definition

The process of devising a new idea or thing or improving an existing idea or thing (Sandefur 2008). Innovation is also defined as “the implementation of a new or significantly improved product (good or service), or process, a new marketing method, or a new organizational method in business practices, workplace organization or external relations.” It differentiates between four types of innovations, namely, “product Innovation,” “process Innovation,” “marketing Innovation,” and “organizational Innovation” (OSLO Manual, OECD 2007).

The Term Innovation

Meaning of the Term

The introduction of something new; a new idea, device, or method (Latin: innovatio: renovation, replacement, change, novelty). Innovation in a general sense is understood as renovation and redesign of divisions and parts of economy, science or society, in specific functioning models or behavior patterns in relation to an existing system (economically or socially). Innovation is...

This is a preview of subscription content, log in to check access.

References

  1. Christensen Clayton (1995) Disruptive technologies. Catching the wave, Harvard business Review, JanuaryGoogle Scholar
  2. Communication of the Commission Mitt. der Kom. v. 2010 (KOM) (2010) „Leitinitiative der Strategie Europa 2020 Innovationsunion“Google Scholar
  3. Hayek F (1944) Road to serfdom, 2001 first published 1944. Routledge Classics, LondonGoogle Scholar
  4. Roßnagel Alexander, Pfitzmann Andreas, Garstka Hansjürgen (2001) Modernisierung des Datenschutzrechts. Gutachten im Auftrag des Bundesministeriums des Innern. BerlinGoogle Scholar
  5. Sandefur T (2008) Innovation. In: The concise encyclopedia of economics. Springer, New YorkGoogle Scholar
  6. Schumpeter JA (1939) Business cycles. A theoretical, historical, and statistical analysis of the capitalist process. MacGraw-Hill, New YorkGoogle Scholar
  7. Valentiner Dana (2016) Gesetzgeberische Herausforderungen der Technikregulierung – ein Aufriss, juwiss.de/43–2016/Google Scholar

Further Reading

  1. Christensen Clayton, Raynor Michael, McDonald Rory (2015) What is disruptive innovation? Harvard Business Review, Dec 2015Google Scholar
  2. Djeffal Christian (2017) Leitlinien der Verwaltungsnovation und das Internet der Dinge, Alexander von Humboldt, Institut für Internet und GesellschaftGoogle Scholar
  3. Fritsch M, Werker C (1999) Innovation Systems in Transition. Innovation and Technological Change in Eastern Europe: pathways to industrial recovery. M. Fritsch and H. Brezinski. Cheltenham, UK, Edward ElgarGoogle Scholar
  4. Hayek F (1944) Road to serfdom. Routledge Press, LondonGoogle Scholar
  5. Hoffmann-Riem, Wolfgang (2016) Innovation und Recht – Recht und Innovation, Recht im Ensemble seiner KontexteGoogle Scholar
  6. Kaschny M, Nolden M, Schreuder S (2015) Innovation management in SMEs: strategies, implementation, practical examples. Springer Gabler, WiesbadenGoogle Scholar
  7. Kühling J, Seidel C (2015) Anastasios Sivridis: Datenschutzrecht, 3rd edn. Müller, HeidelbergGoogle Scholar
  8. Lepore Jill (2014) The disruption machine, The New Yorker. June 23Google Scholar
  9. Schmidtz David (2016) Friedrich Hayek. In Edward N. Zalta (ed) The Stanford encyclopedia of philosophy (Winter 2016 edn), URL = https://plato.stanford.edu/archives/win2016/entries/friedrich-hayek/
  10. Schrepel T (2014) Friedrich Hayek’s contribution to antitrust law and its modern application. Global Antitrust Review:199–216Google Scholar
  11. Schulz Wolfgang, Dankert Kevin (2016) Governance by things as a challenge to regulation by law, IPR 5Google Scholar
  12. Thurston Thomas, Crunch Network (2014) Christensen Vs. Lepore: a matter of fact, posted 30 Jun 2014 by Thomas Thurston (@thurstont)Google Scholar
  13. Tinnefeld Marie-Theres, Buchner Benedikt, Petri Thomas (2012) Introduction to data protection law. In: Data protection and freedom of information in a European perspective. 5th edn. OldenbourgGoogle Scholar
  14. von Hippel Eric The sources of innovation, Oxford University Press, New York 1988, Download courtesy of OUP at http://web.mit.edu/evhippel/www

Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  1. 1.InnovationLab GmbH, Legal Services and IP ManagementHeidelbergGermany