Innovation process audit in small and medium enterprises

Innovation process creates new possibilities based on the combination of various groups of knowledge. Innovation process may be fully realized only in healthy and functional economy. Even though, the economy crisis and its negative impacts on the companies should start their innovation activities. One of the actual problems of small and medium enterprises is the measuring of effectiveness of the innovation process. In this article I deal with the establishment of appropriate tool for innovation process evaluation proceeded in small and medium enterprises by audits.