Innovation Management and an Innovative Ideas System

Abstract

Innovation management is one of the most important tasks for managers in order to make their organizations successful and efficient. A part of this ranges from innovative employee ideas for small everyday improvements up to innovations that bring enormous savings. The survey tries to determine which factors influence the number of innovative ideas and to propose methods for improvements in this area. The basic research method used was a questionnaire, which helped us gather data and the basic method used for data processing was statistical analysis. First, we established that there is a progressive correlation between the number of innovative ideas submitted in the past and the number of anticipated innovative ideas in the future. Second, we established that the following three factors have an impact on innovation and creativity: (1) work and education; (2) working and living conditions; and (3) rewards and payment. Finally, we have established that there is a correlation between satisfaction with the rewards and payment factor and the current life-cycle stage of organization. To summarize, the level of innovation and creativity of employees is influenced by their overall satisfaction in an organization.