Approaches |
Essence of the approach |
Advantages |
Disadvantages |
Cost-effective |
The basis of the approach is the assessment of various material and intangible resources of the organization consumed and used in the innovation |
The possible implementation of the method based on public data of the organization |
This method does not allow to evaluate the effects of innovation, as well as the degree of organization's participation in research |
Result-based |
It assesses the number of innovations introduced and the effects of their implementation: economic, social, environmental, etc. |
It assesses the organization’s ability to innovate effectively |
The data needed for evaluation are often a business secret; it does not allow to assess the degree of organization participation in research |
Statistical |
It classifies organizations as innovatively active or innovatively passive by the satisfaction degree of selected criteria for innovation activity |
The possible implementation of the method based on public data of the organization |
It does not consider the effects of innovation |