Concept of the Life Cycle of Innovation

  • Andrey S. NECHAEV Irkutsk State Technical University
  • Oksana V. ANTIPINA Irkutsk State Technical University


The economic transition of a country to an innovative way of development is impossible without the formation of a competitive, at a global scale, national innovation system. Thus, this research is aimed at the establishment of the innovation life cycle concept as a part of innovation development planning. The proposed scheme allows a particular company to analyze the economic activity, both from a present-day perspective and in the context of further development prospects. It is based on the correlation between the cost of research and evaluation of performance at the stages of innovation and reinvestment areas depending from the volume of sales and from the demand for innovative products in the course of use and maintenance thereof. Moreover, the authors have submitted the integrated model for determining the cost of the product life cycle stages, taking into account the fiscal (tax and customs) payments and foreign trade activities of innovation-active business entities.


[1] Atkinson, R.D., Ezell, S.J. 2012. Innovation Economics: The Race for Global Advantage. New Haven: Yale University Press. 440.
[2] Barnett, V. 2016. Kondratiev and the dynamics of economic development: long cycles and industrial growth in historical context. Springer. 251.
[3] Basova, A., Nechaev, A. 2013.Taxation as an instrument of stimulation of innovation-active business entities. World Applied Sciences Journal 11: 1544-1549.
[4] Drucker, P. 2013. On Innovation. Boston: Harvard Business School Publishing Corporation. 176.
[5] Dyatlov, S., Bulavko, O., Balanovskaya, A., Chudaeva, N. 2016.Principles of the Organization of the Global Economic System. International Journal of Environmental and Science Education 11(10): 3783-3790.
[6] Fraser, J., Simkins, B. 2012. Enterprise Risk Management. John Wiley and Sons. 577.
[7] Gadzhiev, U., Akopov V., Styrov, M. 2013. Interregional Differences in Scientific and Innovative Potential of the Russian Federation. Social Economics 2: 156-179.
[8] Golichenko, O. 2006. The National Innovation System of Russia: State and Development. Moscow: Nauka. 373.
[9] Gokhberg, L., Roud, V. 2012. The Russian Federation: a new innovation policy for sustainable growth. The Global Innovation Index 12: 51-72.
[10] Ivanova, N. 2009. Tax Stimulation of Innovative Processes. Moscow: Russian Academy of Sciences. 92.
[11] Korobeynikov, O.P., Trifilova A.A., Korshunov, I.A. 2012. The Role of Innovation in the Formation of Enterprise Strategy. Managem. Russ. Abroad 3: 29-43.
[12] Lyasnikov, N.V., Dudin, M.N., Sekerin, V.D., Veselovsky, M.Y., Aleksakhina, V.G. 2014. The national innovation system: the conditions of its making and factors in its development. Life Science Journal 11(6): 535-538.
[13] Sharp, B.E., Miller, S.A. 2016. Potential for Integrating Diffusion of Innovation Principles into Life Cycle Assessment of Emerging Technologies. Environmental Science and Technology 50(6): 2771-2781.
[14] Tho, N.Q., Baskaran, A., Muchie, M., Ngoc, N. 2016. The Nature and Growth of Foreign Direct Investment and its Impact in Vietnam: A National Innovation System Perspective. 363.
[15] Zaikina, N. 2010. Method of assessing the effectiveness of innovation departments of industrial enterprises. Economics and Management 6: 63-67.
How to Cite
NECHAEV, Andrey S.; ANTIPINA, Oksana V.. Concept of the Life Cycle of Innovation. Journal of Advanced Research in Law and Economics, [S.l.], v. 7, n. 3, p. 572-585, aug. 2016. ISSN 2068-696X. Available at: <>. Date accessed: 14 apr. 2024.
Journal of Advanced Research in Law and Economics