International Journal of Social Science & Economic Research
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Title:
ON EVALUATION FOR INNOVATION BY ALL DIMENSIONS

Authors:
LUO Guicheng, Wu Jie

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1LUO Guicheng, 2Wu Jie
1. Xi Jinping Thoughts Research Office, Bengbu University, Bengbu, China
2. Science and Research Department, Bengbu University, Bengbu, China, 233030

MLA 8
Guicheng, LUO, and Wu Jie. "ON EVALUATION FOR INNOVATION BY ALL DIMENSIONS." Int. j. of Social Science and Economic Research, vol. 4, no. 9, Sept. 2019, pp. 6059-6069, ijsser.org/more2019.php?id=465. Accessed Sept. 2019.
APA
Guicheng, L., & Jie, W. (2019, September). ON EVALUATION FOR INNOVATION BY ALL DIMENSIONS. Int. j. of Social Science and Economic Research, 4(9), 6059-6069. Retrieved from ijsser.org/more2019.php?id=465
Chicago
Guicheng, LUO, and Wu Jie. "ON EVALUATION FOR INNOVATION BY ALL DIMENSIONS." Int. j. of Social Science and Economic Research 4, no. 9 (September 2019), 6059-6069. Accessed September, 2019. ijsser.org/more2019.php?id=465.

References
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Abstract:
When undergoing an analysis upon risks, costs and revenues of an innovation, we have many dimensions, the first, time process dimension, e.g. (1) risks, costs at the stage of pre-innovation, (2) risks, costs during the process of an innovation, (3) risks, costs and revenues after the innovation. The second, space dimension, e.g. internal risks, costs of an innovation, external risks, costs of an innovation. The third is the original degree of an innovation, e.g. analyzing risks, costs and revenues of an independent innovation, a mimic innovation and a cooperated innovation respectively. We can also opt for an economics perspective for our analysis, e.g. direct costs, revenues of the innovation in short term, and, indirect costs, revenues of the innovation in long term. The appraisal for a soft innovation, such as thoughts innovation, management innovation, institution innovation, could mean more difficulties. For a significant innovation, it is necessary to evaluate its risks, costs and revenues with all dimensions systematically. Any innovation, could involve learning costs as well as risk control costs to different degree.
Innovations of the paper, (1) the concept as well as implication for all dimension evaluation, (2) how to run all dimension evaluation. Methods of the paper, (1) literature research, (2) case study.