Selected aspects of the valuation of innovative undertakings

• Authors: Edward STAWASZ , Daniel STOS
• Languages of publication: EN

Abstracts

EN

The paper presents a review of selected approaches and methods of the valuation of innovative undertakings useful for effective innovation management. These methods are based on the concept of the so called staged valuation process. The method of valuating outcomes of an innovative project within a commercial enterprise is presented within the framework of economic assessment of an innovative project. The duration of the competitive advantage achieved due to the implementation of innovations in a company can be one of the methods of measuring gains from innovation. This indicator can be widely applied both for a leader that leaves the competition behind due to the effect of an innovative project and for a company that reduces the distance separating it from the leader.

Keywords

EN

innovative project; methods and indicators of valuation

• Publisher: Politechnika Wrocławska. Oficyna Wydawnicza Politechniki Wrocławskiej
• Journal: Operations Research and Decisions
• Year: 2011
• Volume: 21
• Issue: 3-4
• Pages: 57-68

Contributors

author

Edward STAWASZ

• Faculty of Management, University of Lodz, ul. Matejki 22/26, 90-237 Łódź, Poland

author

Daniel STOS

• Faculty of Management, University of Lodz, ul. Matejki 22/26, 90-237 Łódź, Poland

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Identifiers

DOI

10.5277/ord1203-0404