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The aim of the paper is to analyze and describe recent application of management tools in the enterprises worldwide including their utilization and trends in timeline compared to industrial companies in Olomouc region, Czech Republic. The main data source for presented paper is the research performed by Bain & Company, Inc. (BC) which concentrates on surveying of management tools in companies worldwide since the year 1993, while primary research was performed by authors in companies that produces and customizes metal parts for automotive and aerospace industry. The motivation behind this paper is based on effort to make students and academics in management focus on most recent and powerful management tools to boost successful business. The latest survey of BC has more than 14,700 respondents from more than 70 countries in North America, Europe, Asia, Africa, the Middle East and Latin America, and is probably the most comprehensive systematic long-term study in the world. The management tools in the top ten list vary in time, but four of them remain since 1993 (however some of them temporarily disappeared): Benchmarking, Customer satisfaction, Total quality management and Vision and mission statement.

The paper contains new knowledge about the expansion of technologies associated with Industry 4.0 and digitalization in selected companies including metallurgical companies in the Czech Republic and evaluates the intensity of business process innovation with a focus on internal processes implemented in companies. A probe was implemented which was purposefully focused on the analysis of statistical data on innovation activities in innovative companies including metallurgical companies in the Czech Republic in the period under study by. The processing of statistical data obtained by the CZSO by a survey made it possible to obtain more detailed overviews of the relative frequencies of enterprises that implemented individual types of process innovations in the period under study and that have introduced some of the elements or tools of Industry 4.0 and the digitalization. The importance of innovation for the continued existence and development of the company is recognized especially by large companies and companies under foreign control. Many of these companies are already applying technologies associated with Industry 4.0 and the digitalization and they are moving towards the creation of a digital enterprise. On the contrary, the implementation of innovation activities and the use of technologies associated with Industry 4.0 in small and medium-sized companies is low. The main obstacle is insufficient funding for new technologies and human resources.