The Organizational and Economic Mechanism of Management and the Strategy of Development of Innovative Activity in Developing Countries (Case Study of Nigeria)

An innovation system is a network of organizations within an economic system involved in the creation, diffusion and use of scientific and technological knowledge as well as the organizations responsible for the coordination and support of these processes. The concept of innovation refers to the development, adaptation, imitation and adoption of knowledge and technologies that are new to a given context. Innovation systems can found at many levels of the economy such as global, regional, national, local and sectorial levels. National systems of innovation have been a particular area of strong interest. The design of effective innovation policy to benefit society and the economy is partially predicated on the notion that decision makers have reliable evidence-based measures to inform their decisions.