Impact of the Importance of Innovation in SMES on a Systematic Approach to their Management
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F18%3A43898408" target="_blank" >RIV/60076658:12510/18:43898408 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—
Alternative languages
Result language
angličtina
Original language name
Impact of the Importance of Innovation in SMES on a Systematic Approach to their Management
Original language description
In today's turbulent business environment, it is increasingly difficult to create and maintain a competitive advantage, mainly due to a faster paste of changes that are affecting companies. Therefore, if companies want to maintain their competitive advantage they must innovate constantly. The main goal of this paper is to verify the assumption that companies that realized the need of constant innovation are approaching to the innovations more systematically. A systematic approach to innovations enables the company to methodically analyze and solve problems by generating innovative solutions. A systematic approach to innovations is thereby enhancing the company's competitiveness. Following hypothesis was set. The level of company’s systematic approach to the innovations is depended on the level of importance that is company assigning to the innovations. This hypothesis was tested by the Cramer’s test and the Chi-quadrate test on a sample of 208 small and medium-sized enterprises in the Czech Republic. The medium dependence was found between the two tested factors. Therefore, it can be argued that companies that realizes the need for constant innovations, in order to maintain their competitive advantage, are applying a systematic approach to innovations which allows them to innovate more effectively and thus it improves their competitive advantage. innovation, SMEs, management
Czech name
—
Czech description
—
Classification
Type
D - Article in proceedings
CEP classification
—
OECD FORD branch
50204 - Business and management
Result continuities
Project
—
Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Global summit on applied business
ISBN
978-91-88873-04-0
ISSN
—
e-ISSN
neuvedeno
Number of pages
8
Pages from-to
41-58
Publisher name
Office of european academic research consortium
Place of publication
Barcelona
Event location
Barcelona
Event date
Dec 1, 2019
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
—