The second year of the conference Innovation Management and Company Sustainability was held at the University of Economics, Prague in Prague, the Czech Republic in May 26th - 27th, 2014. The conference is preferably aimed at the impact of innovations on company competitiveness and its sustainable growth.The objective of organizers is to attract experts from both business and academic branch to address all respective issues of innovation management in current discontinual business environment. The conference also put in spotlight any particular aspects of company innovation proces with regard to its quality and effectiveness.