STIMULATING INNOVATIONS AND PERFORMANCE OF COMPANIES IN BOSNIA AND HERZEGOVINA

Authors

  • Andrijana Ostojić Mihić University of Mostar Faculty of Science and Education Matice hrvatske bb, 88000 Mostar
  • Christian Stipanović University of Rijeka Faculty of Tourism and Hospitality Management Primorska 42, p.p. 97, 51410 Opatija
  • Ana-Marija Alfirević Vladimira Gortana 1, 21000 Split

Abstract

The paper explores the perception of innovations and importance of innovativeness, determines innovation potential and links the application of innovations in companies to the material stimulation of employees. The aim of the paper is to provide information on encouraging and developing the culture of innovations and on strengthening the awareness of the importance of material motivation for the creation of innovations. The paper presents an overview of the existing findings on the company’s innovation potential and the possibility to encourage innovations by means of the selected tools and techniques of human resource management. The contribution of the paper is based on the empirical research of a representative sample of 250 medium-size and large companies in Bosnia and Herzegovina (BiH) using the methodology of the Croatian Coefficient of Innovativeness (HKI), whereby special attention is given to the observation of the possible link between stimulating employees to innovate and accomplishing the company’s selected performance.

Keywords: Innovations, innovation potential, business success, barriers to innovativeness, development, Bosnia and Herzegovina 

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Published

2016-12-13

How to Cite

Ostojić Mihić, A., Stipanović, C., & Alfirević, A.-M. (2016). STIMULATING INNOVATIONS AND PERFORMANCE OF COMPANIES IN BOSNIA AND HERZEGOVINA. Ekonomski vjesnik/Econviews - Review of Contemporary Business, Entrepreneurship and Economic Issues, 29(2), 381–391. Retrieved from https://hrcak.srce.hr/ojs/index.php/ekonomski-vjesnik/article/view/4164

Issue

Vol. 29 No. 2 (2016)

Section

PRELIMINARY COMMUNICATION

License

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