Purpose – The paper aims first of all to identify the stage of the life cycle of rapidly growing Lithuanian enterprises and the main challenges that management faces at a particular stage. Design/methodology/approach – The methodology of the study is based on the research works carried out...

Innovation is one of the main factors assuring competitive advantage of the enterprises in saturated markets. How to stay innovative is a question that bothers most of the enterprises as well as SMEs as they cannot compete on mass production. We argue that one of the possible answers is lifelong...