Concepts And Importance of Strategic Innovation in SMEs: Evidence from Serbia

R, Milutinović; Stosic, Biljana; Mihić, Marko

doi:10.7595/management.fon.2015.0030

Cited by 12 publications

(8 citation statements)

References 7 publications

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“…In order to remain competitive, firms must continuously develop and adapt their business models (Wirtz et al, 2010). Additionally, Milutinovic et al (2015) stated that if companies want to be successful they have to discover and exploit new strategic positions that emerge from time to time as industry evolves.…”

Section: Theoretical Analysis Of Competitive Advantagementioning

confidence: 99%

Strategic Orientation of SMEs: Empirical Research

Minović

Lazarević-Moravčević²,

Beraha

2016

ManageFon

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Section: Theoretical Analysis Of Competitive Advantagementioning

confidence: 99%

Strategic Orientation of SMEs: Empirical Research

Minović

Lazarević-Moravčević²,

Beraha

2016

ManageFon

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“…Constant innovation coming from small startups in order to get enough attention in the saturated market reinforces positive effects in this industry (Tschang, 2007). Creation of the environment favorable for the proper project development refers to encouraging talented people with a clear vision to work on their own ideas, change the traditional method of financing and focus on strategic planning (Milutinovic, Stosic, & Mihic, 2015). It can be therefore concluded that creativity and innovation from small indie companies, in both new gaming platforms and game software, are one of the driving forces behind success in the game development industry (Kultima & Alha, 2010).…”

Section: Discussionmentioning

confidence: 99%

Performance Analysis of Indie Gaming Projects on Crowdfunding Platforms: Evidence from Kickstarter.com

Stojiljković

Mihić

Bjelica

2021

Manage: J. Sustainable Bus. Manage, Solutions Emerging Econ.

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Research question: The aim of this paper is to examine the financial success of projects in game development industry in comparison with to projects in other industries hosted on crowdfunding platform Kickstarter.com. Motivation: We live in the world of technology where companies arise and disappear on daily basis. The traditional way of financing was expanded with alternative online platforms. Our goal was to conduct an empirical analysis of one crowdfunding platform (Kickstarter.com) in order to understand if technology projects are doing better than other projects. If they do, what are the key factors for their success? Idea: Our goal was to better understand how crowdfunding model supports small indie development projects and projects in other industries. Data: We used the data of 148.510 companies applied for crowdfunding financing between 2015 and 2020, published on the web crawler platform Web Robots. Tools: All statistical analyses were performed using statistical software IBM® SPSS® Statistics v.21. The data were presented using standard methods of non-parametric descriptive statistics (absolute and relative frequencies for medians and interquartile ranges for numeric outcomes). For testing of statistical significance of difference between two groups we used the Pearson´s Chi-Quadrat test and Mann-Whitney test, where appropriate. The effect size for the 2x2 analyses was estimated using Odds ratios. Findings: The paper analyses the financial success of gaming and not gaming projects and tries to identify key factors for successful funding. We found a statistically significant higher prevalence of successful financing in game development projects, with 2.3 times higher odds of successful funding compared to not-gaming industry. Our analysis of quantitative indicators such as the number of backers, goal amount, pledged amount, pledged amount per backer and pledged to goal ratio also showed that projects in game development statistically outperformed projects in other categories. Promising game projects were supported by three times more backers on average and attained almost as double funds as other projects, while still sporting more modest pledged amounts per backer. These findings support the notion of crowdfunding being a viable modality of financing independent game development in emerging economies. Contribution: This paper expands the existing research related to the crowdfunding platforms and indie development companies and formulates key factors for successful financing for technology startup firms.

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“…It focuses on the potential directions and approaches of competitors, rather than the status quo (Gebauer et al, 2012). Therefore, firms that carry out strategic innovation will question and extensively explore all aspects of industry competition and firm growth (Milutinović, Stošić, & Mihić, 2015). They have first mover advantage and are faced with more strategic choices, so they are capable of discovering more potential opportunities.…”

Section: Strategic Innovation Technological Innovation and Firm Commentioning

confidence: 99%

A Chain Multiple Mediation Model Linking Strategic, Management, and Technological Innovations to Firm Competitiveness

Chen¹,

Gao²

2019

RBGN

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Purpose -This study attempts to build an integrated framework to discuss the influence of three types of innovations, i.e. strategic, management, and technological innovations, on firm competitiveness.Design/methodology/approach -Paired survey responses are collected from 303 firms located in China. A confirmatory factor analysis is implemented with SPSS AMOS software to check the reliability and validity of all measures through structural equation modeling. Four hypotheses are empirically examined with SPSS PROCESS Macro in combination with a bias-corrected bootstrapping technique to test the chain multiple mediation model linking strategic, management, and technological innovations to firm competitiveness.Findings -Although strategic, management, and technological innovations are carried out at different organizational levels, they formulate a holistic framework to jointly improve firm competitiveness. Strategic innovation strengthens firm competitiveness through three parallel routes, i.e. via management innovation, via technological innovation, and via the serial mediating mechanism of management and technological innovations. Also, the mediation effect of management innovation is significantly stronger than that of technological innovation.Originality/value -This study integrates strategic, management, and technological innovations into the process of improving firm competitiveness to account for their joint influences, challenging the conventional paradigm where different types of innovations are investigated separately. Cross-domain knowledge flow, exchange, and combination are realized within the broad innovation construct.

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Concepts And Importance of Strategic Innovation in SMEs: Evidence from Serbia

Cited by 12 publications

References 7 publications

Strategic Orientation of SMEs: Empirical Research

Strategic Orientation of SMEs: Empirical Research

Performance Analysis of Indie Gaming Projects on Crowdfunding Platforms: Evidence from Kickstarter.com

A Chain Multiple Mediation Model Linking Strategic, Management, and Technological Innovations to Firm Competitiveness

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