PERCEPTION OF MANAGEMENT INNOVATION AS A KEY FACTOR IN ACHIEVING COMPETITIVE ADVANTAGE IN COMPANIES IN BOSNIA AND HERZEGOVINA

Every company strives to achieve competitive advantage, which is why managers constantly seek new ways of reaching that goal. One of the best ways to gain competitive advantage is through innovation. In theory, innovation can be classified in numerous ways. Some of them include management innovatio...

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Main Authors: Mirela Kljajić-Dervić, Željko Mateljak, Ema Burić
Format: Article
Language:English
Published: Faculty of Economics, University of Tuzla 2022-11-01
Series:Economic Review
Subjects:
Online Access:https://www.er.ef.untz.ba/index.php/er/article/view/38
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author Mirela Kljajić-Dervić
Željko Mateljak
Ema Burić
author_facet Mirela Kljajić-Dervić
Željko Mateljak
Ema Burić
author_sort Mirela Kljajić-Dervić
collection DOAJ
description Every company strives to achieve competitive advantage, which is why managers constantly seek new ways of reaching that goal. One of the best ways to gain competitive advantage is through innovation. In theory, innovation can be classified in numerous ways. Some of them include management innovation, which can simply be defined as the process of innovating what managers do. Despite the power of management innovation to propel a company to the level of excellence no other company can compete with, this research has showed that managers in Bosnia and Herzegovina (BiH) are not fully aware of its importance.
format Article
id doaj-art-518cc2afbbd94f05850c6cd95d13f102
institution Kabale University
issn 1512-8962
2303-680X
language English
publishDate 2022-11-01
publisher Faculty of Economics, University of Tuzla
record_format Article
series Economic Review
spelling doaj-art-518cc2afbbd94f05850c6cd95d13f1022025-02-11T00:32:51ZengFaculty of Economics, University of TuzlaEconomic Review1512-89622303-680X2022-11-01202PERCEPTION OF MANAGEMENT INNOVATION AS A KEY FACTOR IN ACHIEVING COMPETITIVE ADVANTAGE IN COMPANIES IN BOSNIA AND HERZEGOVINAMirela Kljajić-Dervić0Željko Mateljak1Ema Burić2University of Bihać, Faculty of Economics, Bosnia and HerzegovinaUniversity of Split, Faculty of Economics, Business and Tourism, Republic of CroatiaUniversity of Zenica, Faculty of Economics, Bosnia and Herzegovina, Every company strives to achieve competitive advantage, which is why managers constantly seek new ways of reaching that goal. One of the best ways to gain competitive advantage is through innovation. In theory, innovation can be classified in numerous ways. Some of them include management innovation, which can simply be defined as the process of innovating what managers do. Despite the power of management innovation to propel a company to the level of excellence no other company can compete with, this research has showed that managers in Bosnia and Herzegovina (BiH) are not fully aware of its importance. https://www.er.ef.untz.ba/index.php/er/article/view/38management innovationcompetitive advantageBosnia and Herzegovina
spellingShingle Mirela Kljajić-Dervić
Željko Mateljak
Ema Burić
PERCEPTION OF MANAGEMENT INNOVATION AS A KEY FACTOR IN ACHIEVING COMPETITIVE ADVANTAGE IN COMPANIES IN BOSNIA AND HERZEGOVINA
Economic Review
management innovation
competitive advantage
Bosnia and Herzegovina
title PERCEPTION OF MANAGEMENT INNOVATION AS A KEY FACTOR IN ACHIEVING COMPETITIVE ADVANTAGE IN COMPANIES IN BOSNIA AND HERZEGOVINA
title_full PERCEPTION OF MANAGEMENT INNOVATION AS A KEY FACTOR IN ACHIEVING COMPETITIVE ADVANTAGE IN COMPANIES IN BOSNIA AND HERZEGOVINA
title_fullStr PERCEPTION OF MANAGEMENT INNOVATION AS A KEY FACTOR IN ACHIEVING COMPETITIVE ADVANTAGE IN COMPANIES IN BOSNIA AND HERZEGOVINA
title_full_unstemmed PERCEPTION OF MANAGEMENT INNOVATION AS A KEY FACTOR IN ACHIEVING COMPETITIVE ADVANTAGE IN COMPANIES IN BOSNIA AND HERZEGOVINA
title_short PERCEPTION OF MANAGEMENT INNOVATION AS A KEY FACTOR IN ACHIEVING COMPETITIVE ADVANTAGE IN COMPANIES IN BOSNIA AND HERZEGOVINA
title_sort perception of management innovation as a key factor in achieving competitive advantage in companies in bosnia and herzegovina
topic management innovation
competitive advantage
Bosnia and Herzegovina
url https://www.er.ef.untz.ba/index.php/er/article/view/38
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