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Innovative potential of small and medium business

Author

Listed:
  • Almira Kulmaganbetova

    (L. N. Gumilyov Eurasian National University, Kazakhstan)

  • Igor Dubina

    (Novosibirsk State University, Russian Federation)

  • Zhibek Rakhmetulina

    (L. N. Gumilyov Eurasian National University, Kazakhstan)

  • Elvira Tlessova

    (L. N. Gumilyov Eurasian National University, Kazakhstan)

  • Zhanat Tulegenova

    (Turan-Astana University, Kazakhstan)

Abstract

The article presents the results of the practical implementation of the methodology for assessing the innovative potential of small and medium-sized businesses of the Republic of Kazakhstan. To identify the level of development of innovative activity of SMEs in Kazakhstan the methods of correlation and regression analysis were implemented. The analysis conducted on the basis of available statistical materials disclosures the impact of different factors on the innovative potential of small and medium-sized businesses. According to the author's approach to the evaluation of innovative potential, there are three groups of factors affecting the innovative potential – factors of general economic development, factors of development of small and medium-sized businesses and factors of development of research activities. The article also analyzes the main indicators of innovation activity of the considered enterprises and institutional features of their development. The results of the research allowed to identify both the advantages and disadvantages of innovative activity of national SMEs.

Suggested Citation

  • Almira Kulmaganbetova & Igor Dubina & Zhibek Rakhmetulina & Elvira Tlessova & Zhanat Tulegenova, 2020. "Innovative potential of small and medium business," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 1286-1304, December.
    • Handle: RePEc:ssi:jouesi:v:8:y:2020:i:2:p:1286-1304
    DOI: 10.9770/jesi.2020.8.2(76)
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    References listed on IDEAS

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    1. Nurlan Kurmanov & Dametken Turekulova & Gulashar Doskeyeva & Gulzhan Alina, 2016. "A Research on Innovation in Small and Medium-sized Enterprises: The Case of Kazakhstan," International Journal of Economics and Financial Issues, Econjournals, vol. 6(3), pages 907-910.
    2. Rosenbusch, Nina & Brinckmann, Jan & Bausch, Andreas, 2011. "Is innovation always beneficial? A meta-analysis of the relationship between innovation and performance in SMEs," Journal of Business Venturing, Elsevier, vol. 26(4), pages 441-457, July.
    3. Juan Vicente García Manjón & Rafael Mompó & Judith Redoli, 2016. "Accelerating Innovation in Small and Medium-Sized Enterprises in the ICT Services Sector," SAGE Open, , vol. 6(3), pages 21582440166, September.
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    Cited by:

    1. Baira Faulks & Yinghua Song & Moses Waiganjo & Bojan Obrenovic & Danijela Godinic, 2021. "Impact of Empowering Leadership, Innovative Work, and Organizational Learning Readiness on Sustainable Economic Performance: An Empirical Study of Companies in Russia during the COVID-19 Pandemic," Sustainability, MDPI, vol. 13(22), pages 1-27, November.

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    More about this item

    Keywords

    innovative potential; innovative activity; small and medium-sized business; correlation method; statistical analysis; regression analysis;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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