Proposal of Evaluation System for Successful Application of Innovation Strategy through a Set of Indicators

Abstract

Problems of evaluating the successful application of the innovation strategy in the company is still poorly explored and in practice weakly applied area of innovation management. The aim of this paper is to create a system for evaluating the success of the application of innovative strategy through a set of indicators based on detailed analysis of sources and conducted research. During research were used different methods: content analysis - the study of documents, synthesis, comparative analysis, process analysis, statistical analysis, modelling, and methods of empirical research. As the main finding it can be considered proposal of the evaluation system for successful application of innovative strategy through a set of indicators. The main conclusions include the following: The most common reason why companies access to the creation and implementation of innovative strategies is a situation where information about innovations, innovative ideas and opportunities are scattered between different systems and there is not their mutual integration. The most appropriate indicator for application of the innovation strategy can be therefore considered as quality of information. Quality assurance and the effective work with information and knowledge are crucial to the functioning of innovation management.

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