Application of Management of Innovation Processes in Enterprises: Management Approach, Problems and Recommendations

AbstractThe aim of this paper is to identify the main aspects of management of innovation processes based on thorough analysis of the available scientific literature together with the results of empirical research. The focus is on management approach, i.e. how the enterprise effective plans innovation processes and how organizes innovation activities, leads own employees and monitors implementation of innovation goals. Accordingly, it is possible to identify problem areas related to the application of management of innovation processes and propose appropriate recommendations to remove these problems. The paper can help the managers for effective management of innovation processes and related activities. The recommendations are intended to support the smooth application of management of innovation processes in the enterprise. The paper thus brings to managers a handy tool in a form of a set of recommendations (instructions) that are meant to support problem-free use of management of innovation processes within an enterprise