Managerial Decision-Making Methodology to Support Innovation Activities: Evidence from Slovak Enterprises

• Published in: Systems (Basel) Vol. 12; no. 5; p. 144
• Main Authors: Holubčík, Martin, Soviar, Jakub, Lendel, Viliam, Čerňanský, Juraj
• Format: Journal Article
• Language: English
• Published: Basel MDPI AG 01-05-2024
• Subjects: Creative ability; Creative process; Decision making; Employees; innovation process; Innovations; management of innovation processes; managerial decision-making; Methodology; Methods; Product life cycle; Questionnaires; R&D; Research & development; Strategic management; Technological change; Slovakia
• ISSN: 2079-8954; 2079-8954
• DOI: 10.3390/systems12050144

The creation of innovations in enterprises is a topic that has a firm place in the scientific literature, and the authors describe several procedures and theories of the functioning of the innovation process in enterprises. One part of the innovation process is decision-making. In the article, attention is paid to the results of research on the decision-making process as an important and integral part of the innovation process. The elements of the decision-making process and their impact on innovation represent an area of possible exploration and development of theories on decision-making in the innovation process. It is here that we have proposed a methodology for decision-making in the innovation process. The management of innovation processes, of which decision-making is an important part, provides multiple points of error for enterprises. Errors are experienced by enterprises due to a lack of information or its misuse, the influence of communication and time, and also the lack of experience of employees. The aim of this paper is to highlight the different decision-making criteria and approaches to innovation activities in Slovak enterprises within the framework of the developed methodology and survey results.