Innovation Management – Foundation for Developing Contemporary Business During a Crisis

Today’s dynamic and rapidly changing environment encourages successful businesses to adapt, develop and compete more strongly than ever, especially during crisis situations. Consumer needs, technological and innovation developments, growth requirements and new government regulations put pressure on competitive advantages. The focus has changed from financial resources to flexibility and rapid implementation of new technologies and services. Enterprises create departments to manage and control innovation in order to prevent production crises. Consumers are beginning to look for fast production, fast delivery and online payment, more active online advertising and multi-functional products. The main purpose of this article is to define the essence of the management and the specifics of the processes. The main research methods used in the development are content analysis, method of analysis and synthesis, intuitive and systematic approach. 12

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Strategies for Overcoming Moral Challenges in Business

The modern business environment is characterized by complex challenges that pose significant moral dilemmas. In the pursuit of profits, businesses are often faced with ethical decisions that can have a profound impact on stakeholders, the environment and society as a whole. As a result, there is a growing need for organizations to develop and implement sound ethical practices that prioritize the interests of all stakeholders, society and the environment. The development focuses on examining some of the moral challenges facing businesses today and will outline strategies that can be implemented to address these challenges. This article will examine some of the empirical research on moral challenges in business and the implications of this research for business practice. 6

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