422 research outputs found
Customers as Predictors of Rent Returns to Innovation and Small Firms – an exploratory study
No full textSmall to medium enterprises (SME) are frequently associated with high levels of innovation. However, it is difficult for such firms to fully assess the merits of a particular innovation. This study examined the risk-return profile of future investment in innovation by SME with respect to anticipated ‘rent' or financial returns. A survey of highly innovative SME was undertaken that examined management perceptions of the key strategic influences on rent returns. Regression analysis suggests that the firms' assessment of the rent returns from their innovation may be influenced by the value it is likely to deliver to the customer, the customer's expected use of the innovation to generate new sales and the ease of integrating the new innovation into existing technologies. The findings have implications for how entrepreneurs from early stage ventures are assisted.small business; entrepreneurship; innovation; risk assessment
Predicting anticipated rent from innovation commercialisation in SMEs
No full textPurposeThe purpose of this paper is to examine the relationship between the expectations that small business entrepreneurs hold in relation to the future returns from the commercialisation of innovations, and key organisational elements including inputs, knowledge, culture, strategy, portfolio, project management and commercialisation. More specifically, this research aims to deepen the knowledge of how small- and medium-sized enterprises (SMEs) manage their innovation and identify critical factors determining the potential innovation outcomes.Design/methodology/approachThis study draws on a large sample of innovative SMEs from multiple Organisation for Economic Co-Operation and Development countries. Data were collected using a questionnaire administered face-to-face with owners-managers or executives of SMEs who made critical decisions for the innovation management of the firm. First, a factor analysis is conducted to identify the most appropriate measures for each variable. Second, the authors test for multicollinearity among independent variables. The final step integrates results from the general linear model analysis that measures the relationship between organisational factors and the anticipated returns.FindingsFindings suggest that positive expectations over future investment in innovation – as measured by the anticipated rent – are influenced by organisational factors, including innovation strategy, portfolio management, project management, and organisational culture and commercialisation process. Conversely, the resource endowment is not perceived as a barrier to innovation and to the development of a competitive advantage. In addition, industrial knowledge management has an indirect effect on the anticipated returns.Originality/valueDespite extensive research in innovation management, the role of organisational factors on anticipated returns in SMEs has not been investigated to date. The study provides researchers with new insights into the resource-based view and the theory of entrepreneurial rent from the perspective of innovation management. The findings offer guidance to managers as to potential success factors in enhancing the rent, but also reflect entrepreneurial optimism in the management of innovation
Innovation commercialisation and anticipated return: a typology of innovative SMEs
No full textThis study presents a typology of innovative small to medium size enterprises (SMEs) based on their anticipated returns to an investment in the commercialisation of an innovation. A large multi-country sample was surveyed in relation to the process of commercialisation. A discriminant analysis identified four distinct groups based on their anticipated returns from the innovation, and how systematic they were in their process of commercialisation. The findings suggest that differences exist between firms in relation to age, size, R&D intensity, preference for project financing, treatment of intellectual property and the novelty of the innovation. Younger firms were more likely to have higher anticipated innovation returns, but a less systematic commercialisation processes. Adolescent firms were more systematic and more optimistic over returns. However, as firms matured and increased in size their commercialisation process became more systematic, but their anticipated returns more subdued. Older firms were both unsystematic and anticipating low returns
The determinants of innovation rent
No full textThis study investigates the relationship between key organizational elements (inputs, knowledge management, innovation strategy, portfolio management, project management, and commercialization), business planning and the innovation rent. In order to deepen the understanding of innovation management in small and medium-sized enterprises
(SMEs), a strategic comprehensive perspective on innovation is adopted in examining both high and low-tech enterprises from various industries. This study provides new evidence and insights for researchers and practitioners. The empirical results from 522 SMEs show that knowledge management, innovation strategy, business planning,
portfolio management, project management and commercialization, have a positive, significant relationship with RENT. Conversely, inputs or resource endowment is not perceived a barrier to innovation and the development of a competitive advantag
SME owner-managers’ anticipated returns to commercialisation: the influence of organisational factors
No full textDrawing on a sample of SMEs from selected OECD countries, we aim to shed some lights on owner-managers’ anticipated returns and to answer three general research questions, namely; (1) What effects do organisational factors have on owner-managers’ anticipated sales from an innovation? (2) What effects do organisational factors have on owner-managers’ anticipated margins from an innovation? And (3) What effects do organisational factors have on owner-managers’ anticipated length of the returns obtained from an innovation
Organisational factors, anticipated rents and commercialisation in SMEs
No full textThe study investigates the relationship between organisational factors and the anticipated returns to the commercialisation of an innovation within small to medium enterprises (SMEs). Using a large multi-country sample, the analysis involved a structural equation model of seven organisational factors associated with the management of innovation, and their relationship with the anticipated volume of sales, profitability and lifecycle of the innovation. Significant relationships were found between the possession of an innovation strategy and formal commercialisation management, and optimism over sales volumes and lifecycle. The study provides new insights into the resource-based view and theory of entrepreneurial rents, strengthening SME owner-managers’ assessment on future investments in innovation and how to utilise their best capabilities. Policy makers also gain more insights into the commercialisation process within SMEs to foster the innovation orientation in both high and low tech sectors
Innovation in Agricultural Co-operatives: Contrasting images, The Example of Sparkling Wine and Cereals
No full textThe objective of this chapter is to study how co-operatives use innovation (including its organisational and marketing components) to build their development strategies and to ensure their sustainability. We concern ourselves with the idea of putting the co-operative model back at the heart of academic discussions after a long period of doubts (Ory et al., 2006). The model, its evolution and its subsequent potential interests within the current economic context have indeed progressively come back into the spotlight in all regions of the world. To a certain extent we think this idea is legitimized by the choice of the UNO to make 2012 the year of international co-operatives. Researchers increasingly underscore in particular the specificities of the model. Indeed they become all the more evident in the context of globalization in which economic aspects outweigh social considerations (Novkovic, 2008; Shiraishi, 2009). In addition, this research addresses the roles that co-operatives have in stabilizing the economic conditions of producers (Dedieu, 2011), as well as the diversification of the model, often endangered by its own evolutions (Mazzarol, 2009). Within the collective reflection developed in this book, a special place is reserved for innovation, whether it takes the form of product, process or organisation innovation. Indeed, it is one of the main ways that co-operative businesses prepare themselves to face both current and future stakes
- …
