INNOVATION and ENTREPRENEURSHIP Theory and practice

Innovation is intricately tied to the notions of change, novelty, and reform, playing a pivotal role in modern business and industry. As W.T. Brady asserts, managing change and innovation is one of the most critical tasks organizations face today. This monograph delves into the multifaceted nature of innovation, emphasizing its social dimensions alongside its economic and technical aspects. The book explores how innovation impacts organizational structures, procedures, and most importantly, the people within these organizations—their beliefs, attitudes, and behaviors. It highlights the complexity and unpredictability of the innovation process, stressing that it involves a broad spectrum of interactions at organizational, group, and individual levels. Key Themes and Insights: Dimensions of Innovation: The initial chapters provide a thorough examination of innovation within the Polish economy, focusing on research and development. The significance of innovation extends beyond technical advancements, contributing to socioeconomic progress. A detailed statistical analysis of financial data illuminates the structural and dynamic aspects of financing innovation in Poland. Impact of Crises on Enterprises: The monograph investigates the effects of crises, such as the SARS-CoV-2 pandemic and geopolitical conflicts, on micro and small enterprises in Poland. It underscores the importance of cooperation among businesses and analyzes how these enterprises navigated the challenging period from 2020 to 2022 using desk research methods. Role of International Entrepreneurship in Sustainable Development: Another study within the book compares the roles of global entrepreneurship and innovation in sustainable development in Nigeria and Poland from 1996 to 2021. It adopts exogenous growth theories to assess the impact of technological progress on economic sustainability. Expert Selection and Innovation Risk Assessment: The application of the Innovator Behaviour Questionnaire (IBQ) is presented, focusing on selecting experts for innovation risk assessment. This section highlights the importance of personality traits in evaluating innovation processes. Innovation Strategies in Organizations: The final part of the monograph showcases practical examples of innovation strategies across different organizations. It includes an analysis of the synergies between entrepreneurship and social media, illustrating how businesses can leverage social media for competitive advantage. Additionally, it traces the evolution of innovative process management models in enterprises and presents innovative projects aimed at improving road safety and patients' rights in Europe. Conclusion: This comprehensive monograph offers valuable insights into the interplay between innovation and entrepreneurship. It unravels the threads connecting groundbreaking ideas, daring ventures, and transformative progress, providing a rich resource for understanding the multifaceted nature of innovation in contemporary society. Through statistical analysis, case studies, and theoretical explorations, the book serves as an essential guide for researchers, practitioners, and policymakers aiming to foster innovation and drive socioeconomic development.