Innovation Management and New Product Development

The paper analyze some general aspects about innovation process in the economic reality. The authors emphasize the benefits of innovation (built the infrastructure all over the world; changed the world from an agrarian society to an industrial society; overspecialized some professions and erases some professions etc.) and the main four factors which have a great influence over the innovation process (process, resources, infrastructure and culture). Another important aspect is the correlation between innovation and economic growth