ABSTRACT
Innovating is managing the creation, development, and application of new knowledge in companies. Innovations are developed by innovators from an idea or patent into a new product, service, process or any other type of innovation. Since the 1950s, four generations of innovation management have been distinguished. In short, this development shows a transition from technologically oriented R&D to dynamic innovation processes
we consider R&D management as a part of innovation management. The historical development of innovation processes has not occurred in a vacuum, but has been influenced by economical, social, and managerial developments.
