Do SME?s innovation strategies influence their effectiveness of innovation? Some evidence from the case of Podkarpackie as peripheral region in Poland

Lewandowska, Anna; Stopa, Mateusz

doi:10.24136/eq.2019.025

Cited by 20 publications

(17 citation statements)

References 24 publications

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“…This shows the importance of enterprises from the SME sector for economic growth. Due to the extremely high importance of small and medium-sized enterprises in the economy, issues related to risk management in this type of enterprises are even more important (Kot et al, 2018;Pisar & Bilkova, 2019;Lewandowska & Stopa, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

The attitudes of entrepreneurs of the small and medium-sized enterprises sector in Poland to key business risks

Dankiewicz

Ostrowska-Dankiewicz

Bulut

2020

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Research background: The risk management process is a key element in running a business. Moreover, it is basically one of the basic and most important internal processes in any company, regardless of its size. However, due to the extremely important role played by small and medium-sized enterprises in the economy, the problem of proper management of endogenous and exogenous risks becomes particularly important. Purpose of the article: The article aims to show the importance of risk management in the operations of modern enterprises in the SMEs sector and the attitudes of entrepreneurs towards key business risks. Methods: The research was based on data on 332 enterprises from the SMEs sector operating in Poland. The data was collected using the CSAQ method in the period from 12 of November 2019 to 9 of March 2020. The distribution of risk assessment in the studies was analysed using Tau Kendall statistics, while the risk management index was created by examining the attitudes of entrepreneurs towards individual risk factors. Findings & Value added: The results of the survey showed that three-quarters of enterprises did not manage risk in a formalized way and that decision-makers in enterprises often paid too little attention to the issues related to managing different types of risk. The article should, therefore, draw the attention of managers to the need to build appropriate procedures to enable effective risk management that creates opportunities for the safe operation of the enterprise. The added value of the work is a detailed analysis of the management of individual types of endogenous and exogenous risks, as well as an indication of what features of enterprises affect the effectiveness of actions taken in the field of controlling these risks. Research is valuable because of the small amount of studies that links managers' approaches to risk management with actual risk management effectiveness.

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Section: Literature Reviewmentioning

confidence: 99%

The attitudes of entrepreneurs of the small and medium-sized enterprises sector in Poland to key business risks

Dankiewicz

Ostrowska-Dankiewicz

Bulut

2020

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“…Among them, the most number of, the backbone of the economy, fulfilling the needs within the nation as well as of bigger industries are small and medium enterprises. Small and medium enterprises have a key role in the economic acceleration of any nation and it plays a crucial role in employment generation, promoting innovation, competitiveness and economic growth (Kozubíková, Homolka, & Kristalas, 2017;Noorali & Gilaninia, 2017;Lewandowska & Stopa, 2019). And there is a direct link between the emergence of entrepreneurship and small and medium enterprise's growth and development (Gosevska, Popovski, & Markoski, 2013;Dvorský et al, 2019) and for the SMEs development and growth, the most vital ingredient is favorable business environment (Buno, Nadanyiova, & Hraskova, 2015).…”

Section: Introductionmentioning

confidence: 99%

Perception of the Selected Business Environment Aspects by Service Firms

Khan

Çera

Nétek

2019

JoTS

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The business environment is a profound concern for the state and institutions to make it encouraging to boost entrepreneurship. Given such relevance of the business environment, this paper aims to link selected business environment aspects to business sector. The study identified the perceived differences between sectors in the Czech and Slovak Republics and then a comparison of a similar group of firms. To shape the study, survey-based research planned and conducted in two segments of firm’s (service and non-service), covered 641 enterprises. The current research adopted factor analysis and then t-test and Mann-Whitney test to determine the results. The major findings of the study reveal that the Slovak firms in the service sector scored higher in macroeconomic environment, consumers’ consumption and competition factors and lower in access to finance factor, as compared to their non-service counterparts. However, another key finding indicates that the Czech entrepreneurs’ perception did not statistically differ in any selected aspects of business environment between the firms operating in service and non-service sectors. In all the cases business support was found insignificant. This paper adds to the existing literature in entrepreneurship by offering a better understanding of the linkage between business sector and business environment aspects.

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“…It is observed that—depending on specific conditions—all these feedbacks can be both positive and negative, and their effects overlap, which creates a complex pattern of industrial processing in Poland. The innovative activity of enterprises also depends on many other factors such as the national and international environment [ 14 , 15 , 16 ], management system [ 17 ], business support organizations [ 18 , 19 ], intellectual assets [ 20 ], sectoral patterns of cooperation and technology level [ 21 ], for which the ceteris paribus assumption was made. It can also affect other economic variables such as total factor productivity [ 22 ], the level of firm productivity [ 23 ], and anti-crisis reputational sustainability [ 24 ].…”

Section: Introductionmentioning

confidence: 99%

Innovativeness of Industrial Processing Enterprises and Conjunctural Movement

Jakimowicz

Rzeczkowski

2020

Entropy

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Singulation of components determining the innovative activity of enterprises is a complex issue as it depends on both microeconomic and macroeconomic factors. The purpose of this article is to present the results of research on the impact of the mutual interactions between ownership and the size of companies on the achievement of the objectives of innovative activity by Polish industrial processing enterprises in changing cyclical conditions. The importance of innovation barriers was also assessed. Empirical data came from three periods that covered different phases of the business cycle: prosperity 2004–2006, global financial crisis 2008–2010, and recovery 2012–2014. The research used a cybernetic approach based on feedback loops presenting interactions between variables. In addition, two statistical methods were used: the Pearson’s χ2 independence test and correspondence analysis. The following discoveries were made during the research: (1) consideration of the combined impact of ownership and the size of companies on their innovation activities makes it possible to study phenomena that may be overlooked if the impact of these factors is considered separately; (2) public enterprises achieve significantly worse results in terms of innovation than companies from other ownership sectors; (3) the Red Queen effect, which assumes that the best innovative enterprises exert selection pressure on all other companies, applies to industrial processing companies, and in particular public enterprises; (4) the industrial processing section is more sensitive to secular trends than to cyclical fluctuations; (5) confirmation of occurrence of the Polish Green Island effect, which assumes that companies achieve good results in terms of innovation, irrespective of the phases of the business cycle; and (6) statistical evidence is provided that the global financial crisis may be associated with the turn of the Fifth and Sixth Kondratieff waves. Most likely, the role of the communication channel between the world economy and the Polish manufacturing section is fulfilled by foreign ownership, whose percentage of share capital of this section is estimated at 50%.

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Do SME?s innovation strategies influence their effectiveness of innovation? Some evidence from the case of Podkarpackie as peripheral region in Poland

Cited by 20 publications

References 24 publications

The attitudes of entrepreneurs of the small and medium-sized enterprises sector in Poland to key business risks

The attitudes of entrepreneurs of the small and medium-sized enterprises sector in Poland to key business risks

Perception of the Selected Business Environment Aspects by Service Firms

Innovativeness of Industrial Processing Enterprises and Conjunctural Movement

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