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SME innovation and the crucial role of the entrepreneur

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  • Masurel, E.

    (Vrije Universiteit Amsterdam, Faculteit der Economische Wetenschappen en Econometrie (Free University Amsterdam, Faculty of Economics Sciences, Business Administration and Economitrics)

  • Montfort, K. van
  • Lentink, R.
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    Abstract

    In 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 Info

    Paper provided by VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics in its series Serie Research Memoranda with number 0001.

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    Date of creation: 2003
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    Handle: RePEc:dgr:vuarem:2003-1

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    Web page: http://www.feweb.vu.nl

    Related research

    Keywords: SME; Innovation; Entrepreneurs;

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    1. Roger J. Calantone & Jeffrey B. Schmidt & X. Michael Song, 1996. "Controllable Factors of New Product Success: A Cross-National Comparison," Marketing Science, INFORMS, vol. 15(4), pages 341-358.
    2. Nijkamp, Peter, 2000. "Entrepreneurship in a modern network economy," Serie Research Memoranda 0042, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    3. Nile W. Hatch & David C. Mowery, 1998. "Process Innovation and Learning by Doing in Semiconductor Manufacturing," Management Science, INFORMS, vol. 44(11-Part-1), pages 1461-1477, November.
    4. Billie Jo Zirger & Modesto A. Maidique, 1990. "A Model of New Product Development: An Empirical Test," Management Science, INFORMS, vol. 36(7), pages 867-883, July.
    5. Huiban, Jean-Pierre & Bouhsina, Zouhair, 1998. " Innovation and the Quality of Labour Factor: An Empirical Investigation in the French Food Industry," Small Business Economics, Springer, vol. 10(4), pages 389-400, June.
    6. John Coopey, 1998. "Managers' Innovations and the Structuration of Organizations," Journal of Management Studies, Wiley Blackwell, vol. 35(3), pages 263-284, 05.
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. 14 Most Important Innovation Factors
      by Braden Kelley in Innovation Excellence on 2009-08-08 12:00:00

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