SME innovation and the crucial role of the entrepreneur
AbstractIn this paper we examine the perceptions of entrepreneurs and other concerned individuals: which factors do they consider critical for success in the innovation process? From the perspective of the respondents, the entrepreneur is the most important factor in the innovation process. Internal aspects dominate not only the list of success factors but also the top of the list. Extemal aspects appear only in the third and even the fourth clusters. A few aspects are believed to be more important for the manufacturing sector than for the service sector. These are unique product advantages, marketing activities, pre-development, competition and collaboration. The subgroups of responding entrepreneurs and non-entrepreneurs revealed hardly any differences. Nor were there many significant scale differences. Statistically, we may conclude that the entrepreneurs do not consider external circumstances very important aspects of innovation success. They have a rather egocentric point of view, in that they place themselves and the internal process on top (which they are in a position to influence). External aspects follow much later. This attitude obviously entails a considerable risk of over-estimation.
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Bibliographic InfoPaper provided by VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics in its series Serie Research Memoranda with number 0001.
Date of creation: 2003
Date of revision:
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Web page: http://www.feweb.vu.nl
SME; Innovation; Entrepreneurs;
Find related papers by JEL classification:
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
This paper has been announced in the following NEP Reports:
- NEP-AFR-2003-04-09 (Africa)
- NEP-ALL-2003-04-09 (All new papers)
- NEP-COM-2003-04-09 (Industrial Competition)
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.:
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Serie Research Memoranda
0042, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- 14 Most Important Innovation Factors
by Braden Kelley in Innovation Excellence on 2009-08-08 12:00:00
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