is a set of guidelines developed by the Organisation for Economic Co-operation and Development (OECD) to provide a framework for collecting and interpreting data on Innovation activities in industry. Specifically, it offers guidance on the measurement of Innovation, covering aspects such as the definition of Innovation, types of Innovation, and methods for collecting data on Innovation processes. Value creation: refers to the process of generating additional value or benefits from a particular activity or resource. In a business context, it often involves increasing the worth of products or services for customers, shareholders, or other stakeholders. This can be achieved through Innovation, efficiency improvements, quality enhancements, or other strategies that result in a positive impact on the overall perceived value. Value creation is a fundamental concept in business strategy and management, emphasizing the importance of delivering benefits that exceed the cost of production or acquisition.
Published in Chapter:
Innovation That Drives Unravelling the Link Between R&D&I Investment and Value Creation
Copyright: © 2024
|Pages: 23
DOI: 10.4018/978-1-6684-8479-1.ch006
Abstract
This chapter analyses the evolution and current situation of investment in research, development, and innovation in Spain and Europe and its link with value creation. The research is carried out through an exploratory bibliographic analysis based on publications in the Web of Science, as well as numerous databases, projects, and reports issued by European and national entities. Four research questions are presented, related to the creation of value through the link between R&D and innovation. This study shows how these three concepts drive and generate changes in organisations and states that have an impact on their GDP, and the differences that exist between countries at European Union level, and between autonomous communities at regional level in Spain.