Key Barriers to Small and Medium Enterprises Innovation Performance across Europe

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

Key Barriers to Small and Medium Enterprises Innovation Performance across Europe

Popis výsledku v původním jazyce

Innovation is worldwide considered as a key instrument for Small and medium enterprises (SMEs) competitiveness. Small firms stand the risk of losing customers when their products and processes do not embrace innovation which makes them uncompetitive. The adoption of information technology has ensured a dynamic and competitive economy across Europe. Most literature reviewed indicates that few empirical studies have been conducted by researchers on barriers to SME innovation performance across Europe. This article aims to identify innovation barriers that limit the innovation performance of small and medium enterprises (SME) across Europe. This study adopts document analysis and a qualitative approach in its methodology to fill the literature gap. Scientific articles in the Scopus, WoS, and Google scholar database was used in the document analysis using keywords concerning the topic. Results from most of the documents analyzed indicated that inadequate funds, inadequate qualified and skilled personnel, low adoption of technology, and keen competition among firms are some key factors hindering SME&apos;s innovation performance. The theoretical implication will provide insight into some main barriers to SMEs&apos; innovation performance and its influence on the European economy. The results of the study may also be helpful for SME managers who are attempting to adopt innovation across the European region. This study is limited in the sense that no sample size was used. The sample covers the whole European region which cannot be used to generalized other continents.

Název v anglickém jazyce

Key Barriers to Small and Medium Enterprises Innovation Performance across Europe

Popis výsledku anglicky

Innovation is worldwide considered as a key instrument for Small and medium enterprises (SMEs) competitiveness. Small firms stand the risk of losing customers when their products and processes do not embrace innovation which makes them uncompetitive. The adoption of information technology has ensured a dynamic and competitive economy across Europe. Most literature reviewed indicates that few empirical studies have been conducted by researchers on barriers to SME innovation performance across Europe. This article aims to identify innovation barriers that limit the innovation performance of small and medium enterprises (SME) across Europe. This study adopts document analysis and a qualitative approach in its methodology to fill the literature gap. Scientific articles in the Scopus, WoS, and Google scholar database was used in the document analysis using keywords concerning the topic. Results from most of the documents analyzed indicated that inadequate funds, inadequate qualified and skilled personnel, low adoption of technology, and keen competition among firms are some key factors hindering SME&apos;s innovation performance. The theoretical implication will provide insight into some main barriers to SMEs&apos; innovation performance and its influence on the European economy. The results of the study may also be helpful for SME managers who are attempting to adopt innovation across the European region. This study is limited in the sense that no sample size was used. The sample covers the whole European region which cannot be used to generalized other continents.

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

2021

Kód důvěrnosti údajů

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

Název statě ve sborníku

Conference Proceedings 17th Annual International Bata Conference for Ph.D. Students and Young Researchers

ISBN

978-80-7678-025-5

ISSN

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e-ISSN

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Počet stran výsledku

9

Strana od-do

21-29

Název nakladatele

Univerzita Tomáše Bati ve Zlíně, Fakulta managementu a ekonomiky

Místo vydání

Zlín

Místo konání akce

Zlín

Datum konání akce

20. 5. 2021

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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