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What is Management Innovation

Handbook of Research on Strategies and Interventions to Mitigate COVID-19 Impact on SMEs
Is a priority for increasing competitiveness. It involves a range of tools that support techniques, technologies and processes of methodological innovation and firms that are provided with systematic assistance to face new market challenges. Innovations in management reflect sustainability in innovation performance, besides deal with new business practices, new ways of organizing the workplace and new (digital) methods of external relations.
Published in Chapter:
Sustaining SME Management and Innovations in the Post-COVID Era
Djukic Petar Gordana (Faculty of Economics, University of Belgrade, Serbia) and Ilic Stojan Biljana (Faculty of Law, The Megatrend University, Belgrade, Serbia)
DOI: 10.4018/978-1-7998-7436-2.ch029
Abstract
The aim of this chapter is to point the importance of the sustainable functioning of SMEs for the national and global economy and provide answers that eliminate further risks to society as a whole. The subject of the research is the sustainability of medium-sized enterprises in Serbia. The purpose of this chapter is to find out how the negative effects can be mitigated post-COVID-19 crisis on the business of SMEs and the financial result of the company using the descriptive method. It considered the most common and nationally specific types of support and measures to facilitate access to credit and provided additional guarantees through established special guarantee funds. The contribution of the chapter is to point out the social and economic components of the sustainability of SMEs, government responsibility, and the responsible business strategies for overcoming the COVID crisis in the Western Balkans and the surrounding area.
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More Results
Human Resource Management Effects Functioning on Balanced Scorecard: Jordanian Public Joint-Stock Companies
A word Innovation is derived from the Latin word innovare , meaning something new. Refers to all types and forms of innovation, i.e., innovation processes and techniques which contribute to the successful operation of the organization by improving business processes.
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Management Innovation and Business Performance in Services: Economic and Social Potential
Change of traditional management principles, processes and practices, which significantly change the way the management work is carried out (e.g., problem solving by workers, strategic analysis, leadership).
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