The main purpose of this monograph is to look at innovation management as an innovation and innovation process management system. The monograph analyzes the concept and functions of innovation management, the features of modern innovative management techniques. The need to use innovative management in the activities of modern enterprises is scientifically based. The peculiarities of the organization of innovation management in small and medium business and successful innovative approaches of management in the development of companies are explained. This monograph can be used by teachers, students, and those interested in the field.