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Managing the innovation potential of small high-tech enterprises

Author

Listed:
  • Mariya V. Podshivalova

    (South Ural State University, Chelyabinsk, Russia)

  • Sattar K.Kh. Almrshed

    (Al-Muthanna University, Al-Muthanna, Iraq)

Abstract

In order to maintain competitiveness amid hyper-competition and digitalization, enterprises engaged in high-tech industries are actively introducing innovative products using methods for enhancing their innovation potential. The paper aims to develop a tool for managing innovation potential of small industrial enterprises. Methodologically, the study rests on the evolutionary approach and innovation management theory. Research methods embrace a matrix method, a mechanism for calculating the beta coefficient, and statistical analysis of panel data from a sample of 345 pharmaceutical enterprises. The article proposes a new method for managing innovation potential of small industrial enterprises that accounts for both the scale of their activity and the special features of high-tech industries. It also includes a method of quantitative assessment and a matrix for strategic decisions in innovation potential development of small producers. The designed method was tested using empirical data from 32 high-tech enterprises. The results prove the importance of the accumulated experience in innovation implementation for assessing small enterprise’ innovation potential and demonstrate its impact on management decision-making. The study contributes to the innovation potential management from the standpoint of an evolutionary approach, and its findings can be used to substantiate the choice of a strategy for developing innovation potential of small high-tech enterprises.

Suggested Citation

  • Mariya V. Podshivalova & Sattar K.Kh. Almrshed, 2021. "Managing the innovation potential of small high-tech enterprises," Upravlenets, Ural State University of Economics, vol. 12(4), pages 16-27, September.
    • Handle: RePEc:url:upravl:v:12:y:2021:i:4:p:16-27
    DOI: 10.29141/2218-5003-2021-12-4-2
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    References listed on IDEAS

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    More about this item

    Keywords

    innovation potential; industry; small industrial enterprises; pharmaceuticals; high-tech industry; intangible assets.;
    All these keywords.

    JEL classification:

    • L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology; Plastics
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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