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Innovation: The Key to Success in Small Firms

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Author Info
Baldwin, John R.

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Abstract

This study examines the differences in strategies and activities pursued by a sample of more-successful and less-successful group of growing small- and medium-sized enterprises. Amongst other matters, it examines different functional strategies -- the importance of management, human resource practices, marketing, financing, and the innovativeness of the firm. Innovative activities are the most important determinants of success; that is, for a wide range of industries, they serve to discriminate between the more- and the less-successful firms better than any other variable. Almost all of the strategy questions that relate to innovative activity receive higher scores from the more-successful group of firms than from the less-successful group of firms. This is also the case for innovative activities -- whether a firm possesses an R&D unit, its expenditure on R&D relative to total investment, and its R&D-to-sales ratio.

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File URL: http://www.statcan.gc.ca/bsolc/olc-cel/olc-cel?catno=11F0019M1995076&lang=eng
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Publisher Info
Paper provided by Statistics Canada, Analytical Studies Branch in its series Analytical Studies Branch Research Paper Series with number 1995076e.

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Date of creation: 28 Feb 1995
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Handle: RePEc:stc:stcp3e:1995076e

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Related research
Keywords: Science and technology; Business performance and ownership; Innovation; Small and medium-sized businesses;

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References listed on IDEAS
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  1. Scherer, F M, 1992. "Schumpeter and Plausible Capitalism," Journal of Economic Literature, American Economic Association, vol. 30(3), pages 1416-33, September. [Downloadable!] (restricted)
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Cited by:
(explanations, 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.)

  1. Unterschultz, J.R. & Lerohl, M.L. & Peng, Y. & Gurung, R.K., 1998. "A Nutraceutical Industry: Policy Implications for Future Directions," Project Report Series 24051, University of Alberta, Department of Rural Economy. [Downloadable!]
  2. Imbriani, Cesare & Morone, Piergiuseppe & Testa, Giuseppina, 2008. "Exporting quality: is it the right strategy for the Italian manufacturing sector?," MPRA Paper 13327, University Library of Munich, Germany. [Downloadable!]
  3. John N. H. Britton, 2002. "Regional Implications of North American Integration: A Canadian Perspective on High Technology Manufacturing," Regional Studies, Taylor and Francis Journals, vol. 36(4), pages 359-374, June. [Downloadable!] (restricted)
  4. Baldwin, John R. & Sabourin, David, 2001. "Impact of the Adoption of Advanced Information and Communication Technologies on Firm Performance in the Canadian Manufacturing Sector," Analytical Studies Branch Research Paper Series 2001174e, Statistics Canada, Analytical Studies Branch. [Downloadable!]
    Other versions:
  5. Baldwin, John R. & Lin, Zhengxi, 2001. "Impediments to Advanced Technology Adoption for Canadian Manufacturers," Analytical Studies Branch Research Paper Series 2001173e, Statistics Canada, Analytical Studies Branch. [Downloadable!]
    Other versions:
  6. Baldwin, John R. & Lin, Zhengxi, 2001. "Entraves à l'adoption des technologies de pointe pour les fabricants canadiens," Direction des études analytiques : documents de recherche 2001173f, Statistics Canada, Direction des études analytiques. [Downloadable!]
  7. Baldwin, John R. & Gellatly, Guy, 2006. "Innovation Capabilities: The Knowledge Capital Behind the Survival and Growth of Firms," The Canadian Economy in Transition 2006013e, Statistics Canada, Economic Analysis Division. [Downloadable!]
  8. Baldwin, John R. & Yates, Janice, 1999. "Innovation, Training and Success," Analytical Studies Branch Research Paper Series 1999137e, Statistics Canada, Analytical Studies Branch. [Downloadable!]
  9. Baldwin, John R. & Yates, Janice, 1999. "Innovation, formation et réussite," Direction des études analytiques : documents de recherche 1999137f, Statistics Canada, Direction des études analytiques. [Downloadable!]
  10. Baldwin, John R. & Sabourin, David, 2001. "Impact de l'adoption des technologies de l'information et des communications de pointe sur la performance des entreprises du secteur de la fabrication au Canada," Direction des études analytiques : documents de recherche 2001174f, Statistics Canada, Direction des études analytiques. [Downloadable!]
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