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Innovation And Business Performance In Small Enterprises: An Enterprise-Level Analysis

Author

Listed:
  • HELENA FORSMAN

    (The University of Winchester, Winchester Business School Winchester SO22 4NR, Hampshire, UK)

  • SERDAL TEMEL

    (Ege University, Science and Technology Centre, 35100 Bornova, Izmir, Turkey)

Abstract

This paper explores links between developed innovations and business performance in small enterprises with fewer than 50 employees. It also examines how performance has changed over time during a period of five years. The empirical evidence is based on two quantitative datasets describing innovation and business performance in 145 small enterprises in 2005–2009. The study makes a contribution to academic literature by providing a detailed view of the differences in performance across innovation types. The results suggest that during the period of five years, non-innovators have been the best performing enterprises in terms of operating earnings and return on investments while radical innovations can be connected with sales growth. During the recession, the less vulnerable enterprises have been non-innovators and innovators characterised by the high diversity of developed innovations. Applying these results helps small business owners to consider what is the nature and timescale for getting return on innovations.

Suggested Citation

  • Helena Forsman & Serdal Temel, 2011. "Innovation And Business Performance In Small Enterprises: An Enterprise-Level Analysis," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 15(03), pages 641-665.
    • Handle: RePEc:wsi:ijimxx:v:15:y:2011:i:03:n:s1363919611003258
    DOI: 10.1142/S1363919611003258
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    Citations

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    Cited by:

    1. Eric Hansen & Erlend Nybakk, 2018. "Response to the global financial crisis: a follow-up study," Journal of Innovation and Entrepreneurship, Springer, vol. 7(1), pages 1-12, December.
    2. Yunjeong Kim & Hannah Jun, 2022. "Exploring Technology Innovation Factors, Government Support and Performance of Development-Related Social Enterprises: Evidence from South Korea," Sustainability, MDPI, vol. 14(22), pages 1-18, November.
    3. Gomes, Giancarlo & Seman, Laio Oriel & De Montreuil Carmona, Linda Jessica, 2022. "Industry does matter: Analysing innovation, firm performance and organisational learning heterogeneities on Brazilian manufacturing sectors," Structural Change and Economic Dynamics, Elsevier, vol. 63(C), pages 544-555.
    4. Mayanyn Larrañaga Moreno & María Teresa Ortega Flores, 2016. "Identification Of Innovation Capabilities For Micro And Small Enterprises In Morelos, Mexico," Review of Business and Finance Studies, The Institute for Business and Finance Research, vol. 7(1), pages 79-92.
    5. Emmanuel Senior Tenakwah & Emmanuel Junior Tenakwah & Mary Amponsah & Sarah Eyaa & Elliot Boateng & Nekpen Okhawere, 2022. "Adoption of Sustainable Technologies during Crisis: Examining Employees’ Perception and Readiness across Cultures," Sustainability, MDPI, vol. 14(8), pages 1-20, April.
    6. Ali, Jabir, 2016. "Performance of small and medium-sized food and agribusiness enterprises: evidence from Indian firms," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 19(4), September.
    7. Susanne Durst & Serdal Temel & Christoph Hinteregger & Rustem Baris Yesilay, 2017. "New Product Introduction in Turkish Firms: Insights Across Sectors," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 14(03), pages 1-22, June.
    8. Isaac Mabhungu & Breggie Van Der Poll, 2017. "A Review of Critical Success Factors Which Drives the Performance of Micro, Small and Medium Enterprises," International Journal of Business and Management, Canadian Center of Science and Education, vol. 12(6), pages 151-151, May.
    9. Helena Forsman, 2013. "Environmental Innovations as a Source of Competitive Advantage or Vice Versa?," Business Strategy and the Environment, Wiley Blackwell, vol. 22(5), pages 306-320, July.

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