Ways of improvement of the innovation management of international firms: qualification paper

Abstract

Relevance of topic. The process of overseeing an organization's innovation process from the very beginning of ideation to the successful completion of implementation is known as innovation management. It includes all of the choices, actions, and procedures involved in creating and carrying out an innovation plan. Organizations must innovate more and more swiftly as a result of the digital transformation. Innovation propels company expansion and keeps firms one step ahead of their rivals. In addition to developing new products, services, and technologies for the evolving market, innovation management aids in the creation of new business models. Employee engagement and customer satisfaction are also increased by effective innovation management.