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2018 | OriginalPaper | Chapter

9. Corporate Evaluation as an Instrument of Innovation Management in Turkey

Authors : Sven Lauterjung, Alessandra Bugla

Published in: German-Turkish Perspectives on IT and Innovation Management

Publisher: Springer Fachmedien Wiesbaden

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Abstract

The economic development of Turkey changed quite significantly in the last years. After several years of boom a downturn set in recently. GDP growth amounted to just 3% in 2014 while it averaged around 5% in the last ten years. In conjunction with the economic slump, the Lira depreciated by 10% against the US‐Dollar. This occurs in an uncertain economic environment which is quite visible along the high rate of interest for Turkish government bonds. The interest for government bonds with a maturity of 10 years amounts to almost 10%.

Companies now have to consider the question of how to deal with innovation in this market. For people, innovation plays an important role in their lives. Be it as a modernization through new ideas, inventions, technological, or even artistic advancements that ought to regularly improve our existence. This progress is visible in new products, services, or a simplification of everyone’s life (see Welsch and Johann 2015, p. 31).

Joseph Schumpeter centered his theories on innovation. It is understood as a conscious and deliberate process of a company to order the existing production factors in a new and improved fashion. Companies must take conscious decisions on the way to the introduction of an innovation on the market which is almost always depending on investment (see Schumpeter 1912, p. 157).

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previous chapter The Analysis of Factors that Affect Innovation Performance of Logistics Enterprises in Turkey

next chapter An Assessment on Innovative Activity and Performance of Turkish Logistics Sector

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Title: Corporate Evaluation as an Instrument of Innovation Management in Turkey
Authors: Sven Lauterjung
Alessandra Bugla
Publisher: Springer Fachmedien Wiesbaden
Book: German-Turkish Perspectives on IT and Innovation Management
Print ISBN: 978-3-658-16961-9

Electronic ISBN: 978-3-658-16962-6

Copyright Year: 2018
DOI: https://doi.org/10.1007/978-3-658-16962-6_9

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