<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The majority of Czech managers are aware that the long-term competitiveness of the company depends primarily on the use of innovative technical solutions and investments in new technologies. Despite awareness of the importance of innovation, many companies do not know how to manage, implement, and evaluate them. Empirical research showed that most innovation firms implement, but do not systematically manage the implementation of innovative projects and the allocation of funds. There is a contradiction between companies’ ability to orientate themselves in the approaches available in the area of innovation management and the existence of a large number of approaches that can be used to address a particular type of innovation problem. A set of innovation concepts has been created to solve those challenges. Practical steps of the decision-making mechanism for selecting innovation concepts have been proposed. The decision-making mechanism is based on the analytic hierarchy process (AHP) and serves primarily for managers of medium and large enterprises.</p></abstract>

The majority of Czech managers are aware that the long-term competitiveness of the company depends primarily on the use of innovative technical solutions and investments in new technologies. Despite awareness of the importance of innovation, many companies do not know how to manage, implement, and evaluate them. Empirical research showed that most innovation firms implement, but do not systematically manage the implementation of innovative projects and the allocation of funds. There is a contradiction between companies’ ability to orientate themselves in the approaches available in the area of innovation management and the existence of a large number of approaches that can be used to address a particular type of innovation problem. A set of innovation concepts has been created to solve those challenges. Practical steps of the decision-making mechanism for selecting innovation concepts have been proposed. The decision-making mechanism is based on the analytic hierarchy process (AHP) and serves primarily for managers of medium and large enterprises.

Specifics of Management of Enterprise Innovation Activities in the Czech Republic – The Decision-Making Mechanism

Management Systems in Production Engineering

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

The majority of Czech managers are aware that the long-term competitiveness of the company depends primarily on the use of innovative technical solutions and...

Specifics of Management of Enterprise Innovation Activities in the Czech Republic – The Decision-Making Mechanism

Published Online: Oct 04, 2018

Page range: 137 - 142

Received: Feb 01, 2018

Accepted: Jun 01, 2018

DOI: https://doi.org/10.1515/mspe-2018-0022

Keywords
AHP method, innovation activities, innovation concept, innovation management

© 2018 Jindra Peterková et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Specifics of Management of Enterprise Innovation Activities in the Czech Republic – The Decision-Making Mechanism

Published Online: Oct 04, 2018

Page range: 137 - 142

Received: Feb 01, 2018

Accepted: Jun 01, 2018

DOI: https://doi.org/10.1515/mspe-2018-0022

KeywordsAHP method, innovation activities, innovation concept, innovation management

© 2018 Jindra Peterková et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
AHP method, innovation activities, innovation concept, innovation management