IDEAS home Printed from https://ideas.repec.org/a/spr/joiaen/v13y2024i1d10.1186_s13731-024-00362-y.html
   My bibliography  Save this article

A study on entrepreneurial innovation among entities in Singapore

Author

Listed:
  • Easwaramoorthy Rangaswamy

    (Amity Global Institute)

  • Nishad Nawaz

    (Kingdom University)

  • Sirajudeen Bin Syed Mohamed

    (Royal Kings Pte Limited)

  • Gemini Velleringatt Joy

    (VIT University)

Abstract

The present study aimed to study the entrepreneurial innovation among entities in Singapore. It evaluated the various obstacles that affect entrepreneurial innovation within entities. Further, it has also analysed the various elements that are crucial to overcome the obstacles that affect entrepreneurial innovation within entities. Various factors related to various sources of information fostering innovation activities in an organization were also studied. Difference between the product innovation and process innovation was studied. Furthermore, organizational innovation and marketing innovation were also studied. Lastly, organizational innovation’s degree of observed effect in the organization was also studied. Cross-sectional analysis using realism as epistemological view was undertaken in this study. Deductive research approach along with web-based survey using descriptive research design is the research methods followed in this study. Tools for results’ analysis include descriptive analysis, Q–Q plots, KMO and Bartlett's test, factor analysis and Chi-square tests. The study concluded that enterprises need to work aggressively in the new product development, market opportunities, organization capabilities to ensure that the organizations grow. It is highlighted that process innovation and product innovation have effects on the economic performance of the organization. It does flag that the market innovations are linked with the ways the enterprises change, evolve and develop their fundamental capabilities, which are part of the organizational innovations. Also, the study showed that organizational innovation has greatly helped to improve the quality of the goods or services and reduced costs per unit output. The reduced time to respond to customer or supplier needs and improved employee satisfaction and/or reduced rates of employee turnover is also seen as a significant observed effect of entrepreneurial innovation. Managerial and theoretical implications along with Ideas for future research is also provided.

Suggested Citation

  • Easwaramoorthy Rangaswamy & Nishad Nawaz & Sirajudeen Bin Syed Mohamed & Gemini Velleringatt Joy, 2024. "A study on entrepreneurial innovation among entities in Singapore," Journal of Innovation and Entrepreneurship, Springer, vol. 13(1), pages 1-36, December.
    • Handle: RePEc:spr:joiaen:v:13:y:2024:i:1:d:10.1186_s13731-024-00362-y
    DOI: 10.1186/s13731-024-00362-y
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1186/s13731-024-00362-y
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1186/s13731-024-00362-y?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Lago, Nicole Cecchele & Marcon, Arthur & Ribeiro, Jose Luis Duarte & Olteanu, Yasmin & Fichter, Klaus, 2023. "The role of cooperation and technological orientation on startups' innovativeness: An analysis based on the microfoundations of innovation," Technological Forecasting and Social Change, Elsevier, vol. 192(C).
    2. Francisco J. Oliver-Márquez & Almudena Guarnido-Rueda & Ignacio Amate-Fortes & Diego Martínez-Navarro, 2022. "Is Income Inequality Influenced by Financial Knowledge? A Macroeconomic and Longitudinal Analysis," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(4), pages 3050-3075, December.
    3. Rossi, Matteo & Chouaibi, Jamel & Graziano, Domenico & Festa, Giuseppe, 2022. "Corporate venture capitalists as entrepreneurial knowledge accelerators in global innovation ecosystems," Journal of Business Research, Elsevier, vol. 142(C), pages 512-523.
    4. Geiger, Susi & Kjellberg, Hans, 2021. "Market mash ups: The process of combinatorial market innovation," Journal of Business Research, Elsevier, vol. 124(C), pages 445-457.
    5. Wyrwich, Michael & Steinberg, Philip J. & Noseleit, Florian & de Faria, Pedro, 2022. "Is open innovation imprinted on new ventures? The cooperation-inhibiting legacy of authoritarian regimes," Research Policy, Elsevier, vol. 51(1).
    6. Demircioglu, Mehmet Akif & Audretsch, David B., 2017. "Conditions for innovation in public sector organizations," Research Policy, Elsevier, vol. 46(9), pages 1681-1691.
    7. Scheidgen, Katharina & Gümüsay, Ali Aslan & Günzel-Jensen, Franziska & Krlev, Gorgi & Wolf, Miriam, 2021. "Crises and entrepreneurial opportunities: Digital social innovation in response to physical distancing," Journal of Business Venturing Insights, Elsevier, vol. 15(C).
    8. Barrett, Gillian & Dooley, Lawrence & Bogue, Joe, 2021. "Open innovation within high-tech SMEs: A study of the entrepreneurial founder's influence on open innovation practices," Technovation, Elsevier, vol. 103(C).
    9. Arend, Richard J., 2020. "The roles of thought and affect on entrepreneurship – A new hope," Journal of Business Venturing Insights, Elsevier, vol. 14(C).
    10. Ekman, Peter & Röndell, Jimmie & Kowalkowski, Christian & Raggio, Randle D. & Thompson, Steven M., 2021. "Emergent market innovation: A longitudinal study of technology-driven capability development and institutional work," Journal of Business Research, Elsevier, vol. 124(C), pages 469-482.
    11. Lafuente, Esteban & Ács, Zoltán J. & Szerb, László, 2022. "A composite indicator analysis for optimizing entrepreneurial ecosystems," Research Policy, Elsevier, vol. 51(9).
    12. Wang, Yun-chu & Phillips, Fred & Yang, Chyan, 2021. "Bridging innovation and commercialization to create value: An open innovation study," Journal of Business Research, Elsevier, vol. 123(C), pages 255-266.
    13. Gennaro Strazzullo & William J. Ion & Jillian MacBryde, 2022. "An Investigation of the Translational Asset: A Proposed Classification," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(4), pages 3123-3149, December.
    14. de Faria, Aline Mariane & Oliveira Junior, Moacir de Miranda & Borini, Felipe Mendes, 2019. "Pubic funding for innovation: The importance of individual resources of the entrepreneur and the relational resources of the firm," Technology in Society, Elsevier, vol. 59(C).
    15. Walker, Richard M. & Chen, Jiyao & Aravind, Deepa, 2015. "Management innovation and firm performance: An integration of research findings," European Management Journal, Elsevier, vol. 33(5), pages 407-422.
    16. Ferreras-Méndez, José Luis & Olmos-Peñuela, Julia & Salas-Vallina, Andrés & Alegre, Joaquín, 2021. "Entrepreneurial orientation and new product development performance in SMEs: The mediating role of business model innovation," Technovation, Elsevier, vol. 108(C).
    17. Sprong, Niels & Driessen, Paul H. & Hillebrand, Bas & Molner, Sven, 2021. "Market innovation: A literature review and new research directions," Journal of Business Research, Elsevier, vol. 123(C), pages 450-462.
    18. De Silva, Muthu & Al-Tabbaa, Omar & Khan, Zaheer, 2021. "Business model innovation by international social purpose organizations: The role of dynamic capabilities," Journal of Business Research, Elsevier, vol. 125(C), pages 733-749.
    19. Noelia, Franco-Leal & Rosalia, Diaz-Carrion, 2020. "A dynamic analysis of the role of entrepreneurial ecosystems in reducing innovation obstacles for startups," Journal of Business Venturing Insights, Elsevier, vol. 14(C).
    20. Robson Mekonnin Shiferaw & Zerihun Ayenew Birbirsa & Shimels Zewdie Werke, 2023. "Entrepreneurial leadership, learning organization and organizational culture relationship: a systematic literature review," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-20, December.
    21. repec:jpe:journl:30 is not listed on IDEAS
    22. Branstad, Are & Solem, Birgit A., 2020. "Emerging theories of consumer-driven market innovation, adoption, and diffusion: A selective review of consumer-oriented studies," Journal of Business Research, Elsevier, vol. 116(C), pages 561-571.
    23. Muhammad Ilyas & Arif ud din & Muhammad Haleem & Irshad Ahmad, 2023. "Digital entrepreneurial acceptance: an examination of technology acceptance model and do-it-yourself behavior," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-19, December.
    24. Globocnik, Dietfried & Faullant, Rita, 2021. "Do lead users cooperate with manufacturers in innovation? Investigating the missing link between lead userness and cooperation initiation with manufacturers," Technovation, Elsevier, vol. 100(C).
    25. Samuel Godadaw Ayinaddis, 2023. "The effect of innovation orientation on firm performance: evidence from micro and small manufacturing firms in selected towns of Awi Zone, Ethiopia," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-19, December.
    26. Arza, Valeria & López, Emanuel, 2021. "Obstacles affecting innovation in small and medium enterprises: Quantitative analysis of the Argentinean manufacturing sector," Research Policy, Elsevier, vol. 50(9).
    27. Blichfeldt, Henrik & Faullant, Rita, 2021. "Performance effects of digital technology adoption and product & service innovation – A process-industry perspective," Technovation, Elsevier, vol. 105(C).
    28. Wilde, Kerstin & Hermans, Frans, 2021. "Innovation in the bioeconomy: Perspectives of entrepreneurs on relevant framework conditions," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 314.
    29. Qureshi, Irfan & Park, Donghyun & Crespi, Gustavo Atilio & Benavente, Jose Miguel, 2021. "Trends and determinants of innovation in Asia and the Pacific vs. Latin America and the Caribbean," Journal of Policy Modeling, Elsevier, vol. 43(6), pages 1287-1309.
    30. Gupta, Parul & Chauhan, Sumedha, 2021. "Firm capabilities and export performance of small firms: A meta-analytical review," European Management Journal, Elsevier, vol. 39(5), pages 558-576.
    31. Elias G. Carayannis & Joanna Morawska-Jancelewicz, 2022. "The Futures of Europe: Society 5.0 and Industry 5.0 as Driving Forces of Future Universities," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(4), pages 3445-3471, December.
    32. Choi, David & Valikangas, Liisa, 2001. "Patterns of strategy innovation," European Management Journal, Elsevier, vol. 19(4), pages 424-429, August.
    33. Jawad Minhas & Stavros Sindakis, 2022. "Implications of Social Cohesion in Entrepreneurial Collaboration: a Systematic Literature Review," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(4), pages 2760-2791, December.
    34. Gloria Naranjo-Africano & Jaider Vega-Jurado & Liney Manjarres-Henríquez, 2023. "Barriers to Third Mission: organizational and individual antecedents," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-23, December.
    35. Zhu, Shanshan & Hagedoorn, John & Zhang, Shuhui & Liu, Fengchao, 2021. "Effects of technological distance on innovation performance under heterogeneous technological orientations," Technovation, Elsevier, vol. 106(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Naeini, Ali Bonyadi & Zamani, Mehdi & Daim, Tugrul U. & Sharma, Mahak & Yalcin, Haydar, 2022. "Conceptual structure and perspectives on “innovation management”: A bibliometric review," Technological Forecasting and Social Change, Elsevier, vol. 185(C).
    2. Stathakopoulos, Vlasis & Kottikas, Konstantinos G. & Painesis, Grigorios & Theodorakis, Ioannis G. & Kottika, Efthymia, 2022. "Why shape a market? Empirical evidence on the prominent firm-level and market-level outcomes of market-driving strategy," Journal of Business Research, Elsevier, vol. 139(C), pages 1240-1254.
    3. Lee, Chu-Heng & Hsieh, Ming-Huei, 2023. "Market innovation as an institutional reconciliation process: Two individual-level case studies," Journal of Business Research, Elsevier, vol. 169(C).
    4. Uma Shankar Yadav & Ravindra Tripathi & Mano Ashish Tripathi & Indrajit Ghosal & Ashish Kumar & Mitu Mandal & Akanksha Singh, 2023. "Digital and innovative entrepreneurship in the Indian handicraft sector after the COVID-19 pandemic: challenges and opportunities," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-40, December.
    5. Suvi Nenonen & Kaj Storbacka, 2021. "Market-shaping: navigating multiple theoretical perspectives," AMS Review, Springer;Academy of Marketing Science, vol. 11(3), pages 336-353, December.
    6. Jingyan Liu & Yiyan Yang, 2023. "Improving high‐tech enterprises' new product development performance through digital transformation: A configurational analysis based on fuzzy‐set qualitative comparative analysis (fsQCA)," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(7), pages 3878-3892, October.
    7. Mountford, Nicola & Geiger, Susi, 2024. "Public actor roles in market experiments: Innovating digital health markets in New York and Ireland," Journal of Business Research, Elsevier, vol. 183(C).
    8. Adams, Kweku & Attah-Boakye, Rexford & Yu, Honglan & Johansson, Jeaneth & Njoya, Eric Tchouamou, 2023. "Female board representation and coupled open innovation: Evidence from emerging market multinational enterprises," Technovation, Elsevier, vol. 124(C).
    9. Marcon, Arthur & Ribeiro, José Luis Duarte & Olteanu, Yasmin & Fichter, Klaus, 2024. "How the interplay between innovation ecosystems and market contingency factors impacts startup innovation," Technology in Society, Elsevier, vol. 76(C).
    10. Syväri, Mariia & Tähtinen, Jaana & Nordberg-Davies, Sini, 2025. "Enacting ‘true business sustainability’ − Market shaping for environmental impact," Journal of Business Research, Elsevier, vol. 186(C).
    11. Wilde, Kerstin & Hermans, Frans, 2024. "Transition towards a bioeconomy: Comparison of conditions and institutional work in selected industries," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 50, pages 1-1.
    12. Lago, Nicole Cecchele & Marcon, Arthur & Ribeiro, Jose Luis Duarte & Uhr, Daniel de Abreu Pereira & Olteanu, Yasmin & Fichter, Klaus, 2024. "Quantifying the impact of inbound open innovation," Technological Forecasting and Social Change, Elsevier, vol. 209(C).
    13. Bulawa, Nicole & Mason, Katy & Jacob, Frank, 2024. "Should the wheel be reinvented? Market-referencing in the electric vehicle market charging infrastructure," Journal of Business Research, Elsevier, vol. 185(C).
    14. André de Abreu Saraiva Monteiro Alves & Fernando Manuel Pereira de Oliveira Carvalho, 2022. "How Dynamic Managerial Capabilities, Entrepreneurial Orientation, and Operational Capabilities Impact Microenterprises’ Global Performance," Sustainability, MDPI, vol. 15(1), pages 1-23, December.
    15. Chen, Yanyan & Mandler, Timo & Meyer-Waarden, Lars, 2021. "Three decades of research on loyalty programs: A literature review and future research agenda," Journal of Business Research, Elsevier, vol. 124(C), pages 179-197.
    16. Fatih Albayrak & Oğuz Poyrazoğlu, 2024. "A Systematic Literature Review on Lean, Industry 4.0, and Digital Factory," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 13486-13508, September.
    17. Rizvi, Syed Kumail Abbas & Rahat, Birjees & Naqvi, Bushra & Umar, Muhammad, 2024. "Revolutionizing finance: The synergy of fintech, digital adoption, and innovation," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    18. Best, Bernadette & Miller, Kristel & McAdam, Rodney & Maalaoui, Adnane, 2022. "Business model innovation within SPOs: Exploring the antecedents and mechanisms facilitating multi-level value co-creation within a value-network," Journal of Business Research, Elsevier, vol. 141(C), pages 475-494.
    19. Eileen Fischer & Markus Giesler, 2023. "A rhizomatic reflection on market systems dynamics research," AMS Review, Springer;Academy of Marketing Science, vol. 13(3), pages 196-199, December.
    20. Cong Cheng & Hongfang Cui, 2024. "Combining digital and legacy technologies: firm digital transformation strategies—evidence from Chinese manufacturing companies," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-14, December.

    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:spr:joiaen:v:13:y:2024:i:1:d:10.1186_s13731-024-00362-y. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.