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Incentives to innovate

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  • Jeroen de Jong
  • Ron Kemp
  • Joris Meijaard

Abstract

This empirical study investigates the factors that influence firms' incentives to innovate. We study the variables stimulating, enabling and conditioning the idea generation process in small and medium-sized service firms. The employees and their context determine the richness of the early stages of the innovation process, and thus the firms' incentives to innovate. Of the final set of explanatory variables, the most significant 'manageable' variable is the formulation of clear innovation objectives in the corporate strategy. Furthermore, fostering freedom to experiment and applying multifunctional teams have positive effects on the incentives to innovate. Besides, two factors (quality competition and high uncertainty of market demand) are market related. Finally, in contradiction to our expectations, having well-educated employees has a negative effect on the incentives to innovate.

Suggested Citation

  • Jeroen de Jong & Ron Kemp & Joris Meijaard, 2002. "Incentives to innovate," Scales Research Reports N200217, EIM Business and Policy Research.
    • Handle: RePEc:eim:papers:n200217
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    File URL: http://www.entrepreneurship-sme.eu/pdf-ez/N200217.pdf
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    Cited by:

    1. Elena Otilia Cadar & Daniel Badulescu, 2017. "Innovation And Performance. An Analysis On European And Romanian Companies," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 59-71, July.

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