Influence of technological innovation on performance of small manufacturing companies

Abstract

Purpose The purpose of this paper is to examine various technological innovation influencers (TIIs) in small manufacturing firms. It introduces a study framework of technological innovation and evaluates the relevance of four TIIs to building and sustaining the competitiveness of Indian firms. Design/methodology/approach This research is based on an in-depth survey of 135 firms located in India’s Northern region. Multiple regression analysis was employed to examine the correlation between TIIs and manufacturing firm performance (MFP) for these firms. Findings The findings verify that entrepreneurial capability, technology infrastructure capability and government initiatives are the most important TIIs for small firms. The findings are also validated by using statistical t-test and canonical correlation analysis. Research limitations/implications This study uses a single informant as the source of information on each firm. The study is limited to small-scale firms in the Northern region of India. Also, the study has been conducted excluding the service sector. Originality/value Recent studies have advocated various TIIs and discussed their impact on MFP. This paper examines the determinants of technological innovation in small manufacturing firms. It introduces a study framework of technological innovation and examines the relevance of four TIIs to building and sustaining the competitiveness of Indian firms.

Tipos de inovação em micro e pequenas empresas vencedoras do prêmio nacional de inovação

“…O conceito schumpeteriano de inovação é útil para tratar da gestão tecnológica e organizacional, pois está diretamente focado na melhoria da competitividade de uma empresa no mercado. Por essa razão, tornou-se indispensável o estudo sobre inovação nas empresas e o investimento em política públicas, inseridas através de programas voltados ao desenvolvimento e implementação da inovação (Singh, Khamba, & Nanda, 2017).…”

Methodological aspects of innovation performance measurement in the IT sector

“…Product novelty issues were also taken into account in the research projects: the increase in the proportion of new products as a percentage of total products (Singh et al 2017), the improvement in technical characteristics and features of an existing product range (Singh et al 2017), the adaptation of the basic and key technologies (Singh et al 2017). …”

“…According to many opinions of IT sector entrepreneurs and to the suggestion of Singh et al 2017, product novelty in the IT sector can be considered in two Vol. 21…”

Under-Informed Policy Interventions and Long-Run Damage to Industrialization (An Analysis of the Aatmanirbhar Bharat Abhyaan)

“…There is exibility in processing and execution. The e ciency of the sector has increased over time as there has been learning by doing process going on (Singh et al, 2017). In order to continue being in business the MSMEs sector has to keep on competing and enhancing the performance.…”