IDEAS home Printed from https://ideas.repec.org/a/nms/joeems/10.5771-0949-6181-2023-3-533.html
   My bibliography  Save this article

Smart innovation management for better business performance

Author

Listed:
  • Likar, Borut
  • Hafner, Ana
  • Ropret, Marko
  • Fatur, Peter
  • Markič, Mirko
  • Pušavec, Franci

Abstract

The purpose of the research is to verify which innovation influencing factors are crucial for achieving optimal business results. The study encompassed low and medium-low technology Slovenian companies. The results showed that two key aspects of the innovation and economic performance of companies need to be addressed: smart financial investments in innovation and management of organisational aspects of the innovation process. The most innovative companies invest less in technology, yet more in other categories: external R&D, training, and marketing. In addition, influential organisational factors are related to the vision and strategic aspects of encouraging innovation. We can conclude that smart innovation management is a prerequisite to better innovation results and, in turn, also better economic results. The implications are relevant for managers so that they can appropriately invest in innovation and address organisational issues.

Suggested Citation

  • Likar, Borut & Hafner, Ana & Ropret, Marko & Fatur, Peter & Markič, Mirko & Pušavec, Franci, 2023. "Smart innovation management for better business performance," Journal of East European Management Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 28(3), pages 533-556.
    • Handle: RePEc:nms:joeems:10.5771/0949-6181-2023-3-533
    DOI: 10.5771/0949-6181-2023-3-533
    as

    Download full text from publisher

    File URL: https://www.nomos-elibrary.de/10.5771/0949-6181-2023-3-533
    Download Restriction: no
    File URL: https://libkey.io/10.5771/0949-6181-2023-3-533?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nms:joeems:10.5771/0949-6181-2023-3-533. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Nomos Verlagsgesellschaft mbH & Co. KG (email available below). General contact details of provider: http://www.nomos.de/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.