Paper Title
To the Question of Innovative Activity

Abstract
The article discusses the definition of innovation, it is noted that there are more than 100 different definitions of innovation for both domestic and foreign experts. The author believes that, depending on the scale, the innovation is local or large-scale. The author also considers the division into stages of the life cycle and internal structure. In addition, the author considers the innovation process as a set of sequentially performed actions for the implementation and application of scientific research, inventions, developments, projects and other things in the production process, as a result of which new products, services, new technologies appear, skills, organizational and managerial methods are formed . In the article, the innovation process is considered as a sequence of actions to initiate innovations, in which new products and operations are created, as well as their successful implementation in the market. Keywords - Innovation, Life Cycle, Innovation Process, Technology Transfer, Management Methods, New Products, Market Introduction.