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Innovation: The Key to Success in Small Firms

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  • Baldwin, John R.

Abstract

This study examines the differences in strategies and activities pursued by a sample of more-successful and less-successful group of growing small- and medium-sized enterprises. Amongst other matters, it examines different functional strategies -- the importance of management, human resource practices, marketing, financing, and the innovativeness of the firm. Innovative activities are the most important determinants of success; that is, for a wide range of industries, they serve to discriminate between the more- and the less-successful firms better than any other variable. Almost all of the strategy questions that relate to innovative activity receive higher scores from the more-successful group of firms than from the less-successful group of firms. This is also the case for innovative activities -- whether a firm possesses an R&D unit, its expenditure on R&D relative to total investment, and its R&D-to-sales ratio.

Suggested Citation

  • Baldwin, John R., 1995. "Innovation: The Key to Success in Small Firms," Analytical Studies Branch Research Paper Series 1995076e, Statistics Canada, Analytical Studies Branch.
  • Handle: RePEc:stc:stcp3e:1995076e
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    File URL: http://www5.statcan.gc.ca/olc-cel/olc.action?ObjId=11F0019M1995076&ObjType=46&lang=en&limit=0
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    References listed on IDEAS

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    1. Scherer, F M, 1992. "Schumpeter and Plausible Capitalism," Journal of Economic Literature, American Economic Association, vol. 30(3), pages 1416-1433, September.
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    Citations

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    Cited by:

    1. Baldwin, John R. & Sabourin, David & Smith, David, 2003. "Impact of Advanced Technology Use on Firm Performance in the Canadian Food Processing Sector," Economic Analysis (EA) Research Paper Series 2003012e, Statistics Canada, Analytical Studies Branch.
    2. Beneito, Pilar & Rochina-Barrachina, María Engracia & Sanchis, Amparo, 2014. "Learning through experience in Research & Development: An empirical analysis with Spanish firms," Technological Forecasting and Social Change, Elsevier, vol. 88(C), pages 290-305.
    3. Baldwin, John R. & Gu, Wulong, 2004. "Innovation, Survival and Performance of Canadian Manufacturing Plants," Economic Analysis (EA) Research Paper Series 2004022e, Statistics Canada, Analytical Studies Branch.
    4. Baldwin, John R., 2004. "Productivity: The Evolution of Statistics Canada's Program," Economic Analysis Methodology Paper Series: National Accounts 2004002e, Statistics Canada, Economic Analysis Division.
    5. repec:kap:sbusec:v:51:y:2018:i:1:d:10.1007_s11187-017-9928-9 is not listed on IDEAS
    6. Woldeyohanes, H. T., 2014. "Dimensions and Determinants of Growth in Micro and Small Enterprises: Empirical Evidence from Mekelle City, Ethiopia," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 0(Number 3), pages 1-12, September.
    7. Pontus Braunerhjelm & Ding Ding & Per Thulin, 2018. "The knowledge spillover theory of intrapreneurship," Small Business Economics, Springer, vol. 51(1), pages 1-30, June.
    8. Baldwin, John R. & Yates, Janice, 1999. "Innovation, Training and Success," Analytical Studies Branch Research Paper Series 1999137e, Statistics Canada, Analytical Studies Branch.
    9. Baldwin, John R. & Sabourin, David & Smith, David, 2003. "Effet de l'utilisation des technologies de pointe sur le rendement des entreprises du secteur canadien de la transformation des aliments," Serie de documents de recherche sur l'analyse economique (AE) 2003012f, Statistics Canada, Direction des etudes analytiques.
    10. John Britton, 2002. "Regional Implications of North American Integration: A Canadian Perspective on High Technology Manufacturing," Regional Studies, Taylor & Francis Journals, vol. 36(4), pages 359-374.
    11. Baldwin, John R. & Sabourin, David, 2001. "Impact of the Adoption of Advanced Information and Communication Technologies on Firm Performance in the Canadian Manufacturing Sector," Analytical Studies Branch Research Paper Series 2001174e, Statistics Canada, Analytical Studies Branch.
    12. Braunerhjelm, Pontus & Ding, Ding & Thulin, Per, 2017. "The Knowledge Spillover Theory of Intrapreneurship, Labour Mobility and Innovation by Firm Size," Working Paper Series in Economics and Institutions of Innovation 459, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    13. Danny García, 2007. "Innovation and Growth: A Survey of the Literature and a Case Study for Latin America," REVISTA ECOS DE ECONOMÍA, UNIVERSIDAD EAFIT, October.
    14. Baldwin, John R. & Gellatly, Guy, 2006. "Innovation Capabilities: The Knowledge Capital Behind the Survival and Growth of Firms," The Canadian Economy in Transition 2006013e, Statistics Canada, Economic Analysis Division.
    15. Baldwin, John R., 2004. "Productivite : l'evolution du programme de Statistique Canada," Analyse economique : documents sur la methodologie - Comptes nationaux 2004002f, Statistics Canada, Division de l'analyse economique.
    16. Baldwin, John & Lin, Zhengxi, 2002. "Impediments to advanced technology adoption for Canadian manufacturers," Research Policy, Elsevier, vol. 31(1), pages 1-18, January.
    17. Baldwin, John R. & Yates, Janice, 1999. "Innovation, formation et reussite," Direction des etudes analytiques : documents de recherche 1999137f, Statistics Canada, Direction des etudes analytiques.
    18. Bernard Hategekimana & Michael Trant, 2002. "Adoption and Diffusion of New Technology in Agriculture: Genetically Modified Corn and Soybeans," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 50(4), pages 357-371, December.
    19. Unterschultz, James R. & Lerohl, Mel L. & Peng, Yanning & Gurung, Rajendra Kumar, 1998. "A Nutraceutical Industry: Policy Implications for Future Directions," Project Report Series 24051, University of Alberta, Department of Resource Economics and Environmental Sociology.
    20. Bernard Hategekimana & Michael Trant, 2002. "Adoption et diffusion de nouvelles technologies agricoles : maïs et soya génétiquement modifies," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 50(4), pages 373-389, December.
    21. Baldwin, John R. & Lin, Zhengxi, 2001. "Entraves a l'adoption des technologies de pointe pour les fabricants canadiens," Direction des etudes analytiques : documents de recherche 2001173f, Statistics Canada, Direction des etudes analytiques.
    22. Baldwin, John R. & Gu, Wulong, 2004. "Innovation, survie et rendement des etablissements canadiens de fabrication," Serie de documents de recherche sur l'analyse economique (AE) 2004022f, Statistics Canada, Direction des etudes analytiques.
    23. Baldwin, John R. & Sabourin, David, 2001. "Impact de l'adoption des technologies de l'information et des communications de pointe sur la performance des entreprises du secteur de la fabrication au Canada," Direction des etudes analytiques : documents de recherche 2001174f, Statistics Canada, Direction des etudes analytiques.
    24. Baldwin, John R. & Sabourin, David, 2004. "The Effect of Changing Technology Use on Plant Performance in the Canadian Manufacturing Sector," Economic Analysis (EA) Research Paper Series 2004020e, Statistics Canada, Analytical Studies Branch.

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