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Business Strategies of SME’s, Innovation Types and Factors Influencing Their Innovation: Burdur Model

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  • Ozlem CETINKAYA BOZKURT

    (Mehmet Akif Ersoy University, Technical Sciences Vocational School, Department of Management Information Systems)

  • Adnan KALKAN

    (Mehmet Akif Ersoy University, Technical Sciences Vocational School, Department of Management Information Systems)

Abstract

Innovation is what we may call the most significant means of changing and rearranging life through research-and-development and production of technology, including the outcomes in economy. Improvements to innovation support rapid change in information production. Therefore, it is crucial for businesses to apply innovation management to survive and prosper in this age of information. From this point of view, the research aims to investigate the properties of SMEs in Burdur concerning strategy, innovation and whether they have developed innovation and an effective strategy thus far. Moreover, it aims to ascertain which strategies and innovation types they employ and factors influencing their innovation. We retrieved the data used in this study from the Burdur Commerce and Industry Chamber (BUTSO). We collected data through a survey that tests strategies, innovation types and factors influencing innovation for SMEs in Burdur. The results of the study show that internal and external factors are very important for SMEs. According to another result, process and marketing innovation is applied more frequently than product and organizational innovation in SMEs. Finally, the results of this study indicate that SMEs apply analyzer and defender strategy.

Suggested Citation

  • Ozlem CETINKAYA BOZKURT & Adnan KALKAN, 2014. "Business Strategies of SME’s, Innovation Types and Factors Influencing Their Innovation: Burdur Model," Ege Academic Review, Ege University Faculty of Economics and Administrative Sciences, vol. 14(2), pages 189-198.
    • Handle: RePEc:ege:journl:v:14:y:2014:i:2:p:189-198
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    References listed on IDEAS

    as
    1. Tiwari, Rajnish & Buse, Stephan, 2007. "Barriers to innovation in SMEs: Can the internationalization of R&D mitigate their effects?," Working Papers 50, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.
    2. Silva, Maria & Leitão, João & Raposo, Mário, 2007. "Barriers to Innovation faced by Manufacturing Firms in Portugal: How to overcome it?," MPRA Paper 5408, University Library of Munich, Germany.
    3. Panagiotis Piperopoulos, 2007. "Barriers to innovation for SMEs: empirical evidence from Greece," International Journal of Business Innovation and Research, Inderscience Enterprises Ltd, vol. 1(4), pages 365-386.
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    Cited by:

    1. Monika Walicka, 2014. "INNOVATION TYPES AT SMEs AND EXTERNAL INFLUENCING FACTORS," "e-Finanse", University of Information Technology and Management, Institute of Financial Research and Analysis, vol. 10(3), pages 73-81, December.
    2. Khaled Mohammed Alqahtani, 2016. "Challenges of Innovation for Chinese Small and Medium-sized Enterprises: Case Study in Beijing," International Business Research, Canadian Center of Science and Education, vol. 9(12), pages 165-171, December.
    3. Mayanyn Larrañaga Moreno & María Teresa Ortega Flores, 2016. "Identification Of Innovation Capabilities For Micro And Small Enterprises In Morelos, Mexico," Review of Business and Finance Studies, The Institute for Business and Finance Research, vol. 7(1), pages 79-92.
    4. Sylwia Pangsy-Kania & Anna Golejewska & Katarzyna Wierzbicka & Magdalena Mosionek-Schweda, 2023. "Searching for Dependencies between Business Strategies and Innovation Outputs in Manufacturing: An Analysis Based on CIS," Sustainability, MDPI, vol. 15(9), pages 1-13, April.

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    More about this item

    Keywords

    Business strategies; innovation types; SMEs;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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