Organisational Factors, Anticipated Rents and Commercialisation in SMEs

Research output: Contribution to journalArticle

Abstract

The 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.
LanguageEnglish
Article number1850018
Pages1
Number of pages30
JournalInternational journal of innovation management
Volume22
Issue number2
StatePublished - Feb 2018

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Innovation
Industry
Sales
Rent
Organizational factors
Small and medium-sized enterprises
Commercialization
Profitability
Managers
Life cycle
Politicians
Innovation orientation
Management of innovation
Owner-managers
Innovation strategy
Resource-based theory
Structural equation model
Resource-based view
Optimism

Cite this

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abstract = "The 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.",
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Organisational Factors, Anticipated Rents and Commercialisation in SMEs. / Do, Hang; Mazzarol, Timothy; Soutar, Geoffrey; Volery, Thierry; Reboud, Sophie.

In: International journal of innovation management, Vol. 22, No. 2, 1850018, 02.2018, p. 1.

Research output: Contribution to journalArticle

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