The antecedents of SME innovativeness in an emerging transition economy

Radas, Sonja; Božić, Ljiljana

doi:10.1016/j.technovation.2008.12.002

Cited by 318 publications

(237 citation statements)

References 43 publications

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“…Technological capability can be identified as one of the major factor for the enhancement of firm performance (Radas and Bozic, 2009). However, innovation is very expensive for SMEs, given their constraints in terms of internal resources such as technology, finance, marketing and human resources (Kumar and Subrahmanya, 2010;Sawers et al, 2008).…”

Section: Hypotheses Developmentmentioning

confidence: 99%

RD activity and operating performance of small and medium-sized enterprises (SMEs): The case of a small open economy

Aggelopoulos¹,

Eriotis²,

Γεωργόπουλος³

et al. 2016

J. Account. Taxation

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The study investigates the impact of R&D activity on operational performance of small-and Mediumsized Enterprises (SMEs). Prior studies have indicated that R&D activity improves market performance of large listed companies in advanced economies. We extend the research objective on the operational performance of SMEs in the small open Greek economy in which SMEs are normally not listed companies operating in a "bank-driven" financial system. The empirical results highlight the positive role of R&D investment in the performance improvement of SMEs, especially in the increase of operating cash flows and gross profit margins. Furthermore, the results indicate that the performance impact of R&D activity is moderated by the life cycle and firm size, but it does not depend on the technological intensity of the industry. Overall, the findings suggest that R&D activity may be a positive factor in the enhancement of operational performance of SMEs.

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Section: Hypotheses Developmentmentioning

confidence: 99%

RD activity and operating performance of small and medium-sized enterprises (SMEs): The case of a small open economy

Aggelopoulos¹,

Eriotis²,

Γεωργόπουλος³

et al. 2016

J. Account. Taxation

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“…The papers [32,33], examined the factors upon which the effects of innovation activities in small and mediumsized enterprises in Croatia (ownership, market orientation, strategic implementation, management and marketing changes) are based. The study [34] examined the possibilities and results of innovation processes in Croatian companies.…”

Section: Research Backgroundsmentioning

confidence: 99%

Idea management in product innovation – the empirical research results

Stevanović¹,

Marjanović

Štorga

2016

Teh. vjesn.

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Original scientific paper The competitiveness of the economy to a large extent depends on its ability to innovate. There is a consensus between researchers and business practices on the high importance of innovation management process, particularly in the earliest stage when it is necessary to identify business opportunities and find the best possibilities for their realizations. In the process of innovation management, many authors emphasize the critical role of idea management and efficient ways of creating, gathering, evaluation, promotion, selection, and implementation of ideas. As part of the research project "Models and methods of knowledge management in product development", by the Croatian Ministry of science, education and sport, a survey was conducted on a sample of Croatian companies which have product development in their production process. The conducted survey attempted to determine the situation in the area of product innovation, as well as in the field of innovation and idea management in the economy and to compare data with best practices. The collected data show when and how the ideas are collected, which motives and purposes are drivers for the collection of ideas and how companies are organized and trained for this demanding job. This paper presents the results of the survey, which suggest ways to improve product development, and sources and methods of collecting ideas. Publication of the outcome of this and other research on product innovation aims to spread the knowledge about this very important but under-explored area. Keywords: front-end of innovation; idea management; idea evaluation and selection; innovation management; product development Upravljanje idejama u procesu inovacije proizvoda -rezultati empirijskog istraživanjaIzvorni znanstveni članak Konkurentnost gospodarstva u značajnoj mjeri ovisi o njegovoj sposobnosti da uvodi inovacije. Između istraživača i poslovne prakse postoji suglasnost o velikoj važnosti procesa upravljanja inovacijama, osobito u najranijoj fazi kada je potrebno prepoznati poslovne prilike i pronaći najbolje mogućnosti za njihovu realizaciju. U procesu upravljanja inovacijama, mnogi autori ističu presudnu ulogu upravljanja idejama, odnosno učinkovitog načina stvaranja, prikupljanja, vrednovanja, unapređenja, selekcije i implementacije ideja. U okviru znanstvenog projekta "Modeli i metode upravljanja znanjem u razvoju proizvoda", MZOS RH, provedena je anketa na uzorku hrvatskih tvrtki koje u svom proizvodnom programu imaju razvoj proizvoda. Provedenom anketom pokušalo se odrediti stanje na području inovacije proizvoda, te na području upravljanja inovacijama i upravljanja idejama u gospodarstvu i usporediti podatke s podacima najbolje prakse. Obradom prikupljenih podataka ustanovljeno je kako i kada se ideje prikupljaju, koji motivi i potrebe su pokretači za prikupljanje ideja te kako su tvrtke organizirane i osposobljene za taj zahtjevni posao. U ovom radu prikazani su rezultati provedene ankete, koji ukazuju na načine unapređenja i razvoja proizvoda, te izvor...

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“…Regarding the first issue, some empirical studies have focused on firm level resources and brought out that it is the firm level competence, and entrepreneurial background and motivation which together prompt SMEs to undertake innovations (Ciemleja and Lace, 2008;Radas and Bozic, 2009;Griffiths and Webster, 2010). But Pitt et al (2006), Kaminski et al (2008), and Zeng et al (2010) have found that the complexity of innovation processes has led to a tremendous growth in the use of external networks by SMEs.…”

Section: A Brief Literature Reviewmentioning

confidence: 99%

Technological Innovation Induced Growth of Engineering Industry SMEs: Case Studies in Bangalore

Krishnaswamy¹,

Subrahmanya²,

Mathirajan³

2015

KTIS

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This paper, based on two engineering industry SME case studies, traces the origin and process of technological innovations enabling the development and introduction of new products leading to market expansion and enterprise growth. The study throws light on how entrepreneurs played a decisive role in recognizing market opportunities, building up crucial in-house technological capability, supplementing it with appropriate external assistance, to carry out technological innovations. A constant interaction with its customers is in-built into the system. As a result, the SMEs could achieve successful product innovations leading to their gradual growth, over time. Finally, based on the observations and inferences derived out of the two cases, a theoretical construct of the growth of innovation in SMEs is postulated. This is done linking the three stages of their development: (i) start-up and stabilizing, (ii) building up technological capability and implementing innovations; and (iii) opening up of new markets resulting in firm growth.

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The antecedents of SME innovativeness in an emerging transition economy

Cited by 318 publications

References 43 publications

RD activity and operating performance of small and medium-sized enterprises (SMEs): The case of a small open economy

RD activity and operating performance of small and medium-sized enterprises (SMEs): The case of a small open economy

Idea management in product innovation – the empirical research results

Technological Innovation Induced Growth of Engineering Industry SMEs: Case Studies in Bangalore

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