The role of innovation and innovativeness is crucial for every kind of organization. Changes in the implementation and absorption of innovation could be a way to for organizational and financial success of a company. Nowadays, it is important to realize that both processes have to be implemented for a company to remain competitive. This paper the author describes innovation management in metallurgical companies and its importance. The impact of innovation on the global economy is the main goal of presented investigation. Research is based on the literature review and data analysis for the years 2007-2016. This allows for predictions and to propose the theoretical model that can be verified in real existing organizations.Keywords: metallurgical companies, innovation, management.
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