The Role of Innovation in the Assessment of the Excellence of Enterprise Subjects

Demands placed on enterprises in the area of improving their functioning are still higher and higher in the present time. If enterprises wish to succeed on markets with strong competitive pressure, they have to focus their attention towards the achievement of the status of so-called excellence. One of possible ways to achieve this status is also innovation. The aim of this article is to point out the role of innovations for assessing the excellence of business subjects. Primary and secondary research has shown that approaches to assessing the excellence of business subjects underwent and are undergoing constant changes, individual areas and criteria serving for the general assessment of excellence are being changed and amended. And innovations have been gradually included to larger or lesser extent to all mentioned approaches.