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Innovation Measurement in Small and Medium Enterprises: A Literature Review in the Period 2014-2024

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  • Kamer Brahimaj
  • Sevdie Alshiqi Bekteshi

Abstract

This literature review explores how innovation is measured in Small and Medium-sized Enterprises (SMEs). We analyzed 30 highly cited articles from Scopus (2014-2024) to extract insights, identify trends, and evaluate measurement methods. A comprehensive review of Scopus literature focused on innovation evaluation in SMEs was conducted. After accessing databases, relevant information including publication year, research techniques, major findings, and innovation metrics was collected. The review showcases various innovation categories studied, such as product, process, marketing, organizational, and technological innovation. Assessment tools used included Likert scales, empirical models, and surveys.

Suggested Citation

  • Kamer Brahimaj & Sevdie Alshiqi Bekteshi, 2025. "Innovation Measurement in Small and Medium Enterprises: A Literature Review in the Period 2014-2024," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 130-144.
    • Handle: RePEc:bas:econst:y:2025:i:3:p:130-144
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    References listed on IDEAS

    as
    1. Dziallas, Marisa & Blind, Knut, 2019. "Innovation indicators throughout the innovation process: An extensive literature analysis," Technovation, Elsevier, vol. 80, pages 3-29.
    2. Gaut, Fred, 2015. "Measuring innovation in all sectors of the economy," MERIT Working Papers 2015-038, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
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    More about this item

    JEL classification:

    • Q31 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Demand and Supply; Prices
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q33 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Resource Booms (Dutch Disease)
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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