Innovations are an essential segment of a company development and monitoring of economic trends thus ensuring competitive market position to the company. The extent of the company's commitment to innovations in terms of encouraging their development or readiness to accept them may greatly depend on the company’s organisational culture. Organisational culture is a general pattern of conduct, shared beliefs and values of the members of an organisation. For a proper presentation of organisational culture, detailed description of its elements is required. These elements include readily visible elements and those that are not visible at a first sight but are perceptible and greatly influence the creation of a comprehensive image of the company’s organisational culture. Innovation means application of new and/or improved processes, ideas, products, services and any combinations thereof. Innovations result in additional and new benefits during their application, both in terms of reduced manufacturing costs, increased efficiency (lower production scrap rates and less input required for the manufacture of the same quantity of a product), and in terms of higher quality level, which eventually lead to increased market competitiveness of a company. The aim of this graduate thesis is to analyse, based on a survey questionnaire, the impact of organisational culture values, standards and artefacts upon encouraging, development and application of innovations, whether involving the innovation of processes, products, organisations or marketing. Such analysis will provide an insight into the extent to which the organisational culture elements or indicators are innovation-oriented and how they influence the overall innovativeness of a company.