Entrepreneurship and Innovation Strategies in ICT SMEs in Enlarged Europe (EU25)
AbstractInnovation strategies of entrepreneurs are mapped with growth and performance of their firms in this study. Findings of the study are based on the data collected from 1238 small ICT firms located in 25 member states of European Union. The survey was conducted during October 2006 and March 2007. Results of Logit analysis suggest that firms that pursued continuous innovation strategies experienced more employment growth, higher profitability, and better sales dynamics than those that adopted occasional innovation approach. Market growth of continuous innovating firms realized faster pace than other type of firms. Another distinguishing characteristic of two types of firms emerged is market preference. Target market of continuous innovating firms has been European or global markets while innovative activities of other firms targeted domestic market. The study concludes that European innovation policies should be focused towards continuous innovation activities with due attention at human resource development policies.
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Bibliographic InfoPaper provided by United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology in its series UNU-MERIT Working Paper Series with number 016.
Date of creation: 2008
Date of revision:
Contact details of provider:
Web page: http://www.merit.unu.edu
dynamic capabilities; continuous innovation; occasional innovation; competitiveness; human resources; internationalization;
Other versions of this item:
- Kaushalesh Lal & Theo Dunnewijk, 2008. "Entrepreneurship and Innovation Strategies in ICT SMEs in Enlarged Europe (EU25)," Working Papers id:1645, eSocialSciences.
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
- O38 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Government Policy
- L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
- L63 - Industrial Organization - - Industry Studies: Manufacturing - - - Microelectronics; Computers; Communications Equipment
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-04-04 (All new papers)
- NEP-CSE-2008-04-04 (Economics of Strategic Management)
- NEP-EEC-2008-04-04 (European Economics)
- NEP-ENT-2008-04-04 (Entrepreneurship)
- NEP-HRM-2008-04-04 (Human Capital & Human Resource Management)
- NEP-INO-2008-04-04 (Innovation)
- NEP-IPR-2008-04-04 (Intellectual Property Rights)
- NEP-MIC-2008-04-04 (Microeconomics)
- NEP-TID-2008-04-04 (Technology & Industrial Dynamics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Lööf, Hans & Heshmati, Almas & Asplund, Rita & Nåås, Svein-Olav, 2001. "Innovation and Performance in Manufacturing Industries: A Comparison of the Nordic Countries," Working Paper Series in Economics and Finance 0457, Stockholm School of Economics.
- Barrios, Salvador & Burgelman, Jean-Claude, 2007. "Information and Communication Technologies, Market Rigidities and Growth: Implications for EU Policies," MPRA Paper 5838, University Library of Munich, Germany.
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