Innovation in Decision-making Models Applied by Enterprises: Determinants of Organisational Innovation

Objective: The paper addresses innovation as a vital issue in management. The meaning of innovation is analysed in knowledge management and business strategy. The intention of the article is to present the innovation issue from the model perspective and to illustrate the mentioned matters based on research results. Research Design & Methods: The research problem was how to apply innovation in a decision-making model and describing the determinants of its implementation. Findings: The findings help address a number of results. The study tests a decision-making model, collaboration between managers in enterprises, and their support for innovation. Implications / Recommendations: When making decisions, enterprises must account for problems brought about by innovation in their current operations and strategy. Unfortunately, upwards of 40% of enterprises do not cooperate with research and development organisations. Further research will be required to understand why not. Contribution: This study has a range of implications for innovation researchers. It argues for increased attention to the decision-making process in the context of organisational innovation.