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Spinner Innovation: Integrated Model For The Development And Prediction Of Innovation

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  • Ronnie FIGUEIREDO

    (Centre of Applied Research in Management and Economics (CARME), School of Technology and Management (ESTG), Polytechnic of Leiria; Research Center in Business Sciences, NECE (UBI), Spinner Innovation Centre (SPINNER CENTRE), and Instituto Português de Administração de Marketing – IPAM Lisboa, Portugal)

Abstract

Innovation stands as a pivotal process for small and medium-sized enterprises (SMEs) committed to investing resources into pioneering and impactful solutions, thereby enhancing their competitive edge both domestically and internationally. Nonetheless, many SMEs overlook the true potential for innovation within their own operations and how they can effectively navigate the innovation landscape when deciding to allocate resources to it. Innovation is essential for SMEs to thrive in competitive markets, adapt to change, and achieve sustainable growth. By fostering a culture of innovation and investing in creative ideas, SMEs can unlock new opportunities, overcome challenges, and position themselves for long-term success. For numerous SMEs, innovation resembles a trial-and-error endeavor, often leading to feelings of anxiety and frustration, as resources are seemingly squandered. In response, the Spinner Innovation model aims to forecast an organization's innovation potential and provide a structured pathway to guide the innovation investment process, thus minimizing risks. The objective of this study is to introduce the Spinner Innovation model and delve into its empirical applications within various economic sectors, focusing on SMEs. This research is underpinned by an analysis of scientific publications sourced from the Scopus database.

Suggested Citation

  • Ronnie FIGUEIREDO, 2025. "Spinner Innovation: Integrated Model For The Development And Prediction Of Innovation," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 20(1), pages 43-57, April.
    • Handle: RePEc:blg:journl:v:20:y:2025:i:1:p:43-57
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    File URL: http://magazines.ulbsibiu.ro/eccsf/RePEc/blg/journl/20103figueiredo.pdf
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    References listed on IDEAS

    as
    1. May Portuguez-Castro, 2023. "Exploring the Potential of Open Innovation for Co-Creation in Entrepreneurship: A Systematic Literature Review," Administrative Sciences, MDPI, vol. 13(9), pages 1-18, September.
    2. Ronnié Figueiredo & João José Matos Ferreira, 2020. "Spinner Model: Prediction of Propensity to Innovate Based on Knowledge-Intensive Business Services," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 11(4), pages 1316-1335, December.
    Full references (including those not matched with items on IDEAS)

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