Impact of the Importance of Innovation in SMES on a Systematic Approach to their Management

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Impact of the Importance of Innovation in SMES on a Systematic Approach to their Management

Popis výsledku v původním jazyce

In today&apos;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&apos;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

Název v anglickém jazyce

Impact of the Importance of Innovation in SMES on a Systematic Approach to their Management

Popis výsledku anglicky

In today&apos;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&apos;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

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Global summit on applied business

ISBN

978-91-88873-04-0

ISSN

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e-ISSN

neuvedeno

Počet stran výsledku

8

Strana od-do

41-58

Název nakladatele

Office of european academic research consortium

Místo vydání

Barcelona

Místo konání akce

Barcelona

Datum konání akce

1. 12. 2019

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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