Andreas Pinkwart, Nagwan Abu El-Ella

• The purpose of this paper is to give a current as well as a historical overview for the development of innovation management as a part of the Business Economics discipline, and the role Business Economics itself plays as an engine of innovation. This overview is presented from the German side as well as from international research. The shift in the role of universities as entrepreneurial hubs as well as the development in the company‘s is thoroughly discussed. The development in innovation management research across disciplines is also displayed. Different topics that fall under innovation management are presented. Finally, we referred to the role of "trust‘ in the functionality of markets, which seemed almost unlimited even after the internet bubble burst and the financial crisis showed the risks of financial innovations, as well as its role in the acceptance of innovations.