DOMESTIC AND FOREIGN EXPERIENCE IN INNOVATION MANAGEMENT

Although previous research highlights the advantages of external collaboration for the creative performance of an organization, little research has explored the role that collaboration plays across the various stages of the innovation process. The article discusses domestic and foreign experience in innovation management. In today's fast-paced world, the introduction of innovations and their effective management allows multinational corporations to create competitive products that have a high degree of knowledge-intensiveness and novelty. For effective innovation management, there are various models of innovative development, which in turn presuppose not only the creation of R&D divisions within the enterprise but also transform the economic mechanisms of the Corporation, which adapt it to constantly changing competition.