In a world where the life span of a strategy is shortened, innovation is the only way in which company can prolong its success. Innovations and their connection to enterprise performance have become one of the key areas of interest of numerous scientists today. It extends the range of products available to consumers. Innovation is the use of new technological and market knowledge to offer a new product or service that consumers will want. The goal of all companies that innovate is to improve performance and thus be ahead of businesses that are not innovative. Factors such as activity, company age, type of innovation, and cultural context greatly affect the impact of innovation and on the success of an organization. Innovations are often associated with organizational technology related activities, such as research and development, and the production of this information. The fact is that innovation research organizations are lagging behind in research of technical innovations. Economists assume that this is the reason for the view that organizational changes are a response to technical changes. The aim of this paper is to present a critical overview of existing theoretical and empirical knowledge, to examine the influence of experience on the difficulty of the task of innovation development and on the formalities of control mechanisms. The research was qualitative, and a structured questionnaire was used as a research instrument. The results of the research are in accordance with the set model and are affirmatively responsive to both research questions.