Globalization, accelerating technological advancements and the increasing unpredictability and demanding nature of clients have a major impact on the context in which companies operate. Companies are compelled to create a stream of innovations, both technological and organizational, in order to adapt …

Innovation seems to be the most important element of activities of companies to stay vital in a very competitive international market. Innovation is the process of developing products or services in an organisation for a market. Especially small and medium-sized companies, for which it is difficult to …