The influence of new management disciplines on the innovation in organizations

Abstract

Purpose of the article: The aim of organizations is efficient management leading to a competitive advantage. In the current knowledge economy, employees, their knowledge and potential are considered to be an organizations’ main competitive advantage and their most important asset that determines organizations’ performance and success. By introducing modern areas of management, organizations can quickly identify and utilize knowledge, which enables the rapid application of knowledge in innovations and key processes and thus getting in front of their competitors and gaining a competitive advantage in the market. This article focuses on the impact of applying business continuity management, knowledge management and knowledge continuity management on innovations in organizations and their productivity. Methodology/methods: The article has been prepared based on the analysis of primary and secondary sources, outcome synthesis and the evaluation of results of a questionnaire survey in organizations in the Czech Republic. Scientific aim: The aim of this article is to identify the importance of the knowledge in the process of innovations and modern areas of management and to identify the impact of the implementation of these areas on innovative development that determines an organization’s performance. Findings: The application of these new management disciplines and knowledge of employees has an impact on the organizational processes, innovation, customers, employees and their knowledge and organization´s financial results. Conclusions: Organizations that have made a decision to apply new management disciplines may expect benefits not only in the area of knowledge utilization, innovations and innovative potential, but subsequently also in the increasing of efficiency of the entire organization.