Creating innovations should be a controlled process, which leads to the generation, transmission and implementation of ideas into practical applications and produces qualitative changes under which the customer is willing to appreciate the added value and as well is ready to pay for the product. Innovations are built on company success and how it differs from the competition. At the same time, innovation is also the most difficult element of entrepreneurial activities in terms of business management and planning. The aim of this study is to compare theory with practice, to find out what is the reality. The paper deals with monitoring organizations in the Czech Republic related to quality and innovation management. The author is using findings of a research project implemented in 2011. This quantitative research project was carried out in more than 100 organizations of the Czech Republic
