Product or process innovation? The dilemma for exporting SMEs in emerging economies: the case of the Colombian Caribbean

Chang-Muñoz, Eduardo; Mercado-Caruso, Nohora; Gazabon, David Ovallos; Segarra‐Oña, Marival; Osorio, Silvia Noguera

doi:10.1016/j.procs.2021.12.296

Cited by 9 publications

(8 citation statements)

References 9 publications

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“…During this second wave of Covid -19, business actors have begun to adapt to the conditions and changes in the socio-economic environment of the community. Based on the test results it is stated that innovation has a significant effect on business resilience and is significant as a mediation between managerial skills and business resilience, in line with previous empirical studies [18,27,30,38,[40][41][42]. This shows that innovation is an important factor for business continuity and creating business growth again.…”

Section: Discussionsupporting

confidence: 84%

“…Innovation is an effort created by taking into account opportunities and a very dynamic environment [27,28,30,37].…”

Section: Discussionmentioning

confidence: 99%

“…Innovation has a relevant relationship with entrepreneurs or institutions [18] and in a wider scope, high innovation will produce competitive outputs [11]. Innovation in the socio-economic perspective is a very vital transformation, namely managers must understand how products and business processes are run [30]. Innovation is a support system needed during the Covid-19 crisis situation for business continuity [16], in his research how innovation can develop supply chain management in the SME sector.…”

Section: Innovationmentioning

confidence: 99%

“…Innovation can create sustainability and competitiveness, related to the Covid-19 pandemic, sustainability is a dream for all business actors, especially the SME industry [27]. Product and process innovation is the dominant aspect covering logistics, distribution system, production method and technology adoption [30].…”

Section: Innovationmentioning

confidence: 99%

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Building Business Resilience of Small and Medium Enterprises Through Managerial Skills and Innovation on Second Wave of Covid-19 Pandemic (Study to Batik SMEs in East Java Indonesia)

Murtianingsih¹,

Salim²,

Djazuli³

et al. 2023

Advances in Economics, Business and Management Research

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This research is to ascertain the moderating effect of innovation on the relationship between managerial skills and business resilience on small and medium Enterprises (SMEs) in second wave of the pandemic. This research approach is classified as quantitative research, the data is obtained by means of a questionnaire distributed to business operators directly or to the association. The study is descriptive statistics, regression analysis and Sobel test hypothesis. Determination of the sample to be used in this study using judgment sampling and obtained 134 appropriate data. The results of the study prove that innovation is a significant bridge between managerial skills and business resilience. Managerial skills have no significant effect on business resilience but significantly affect innovation. The study have implications for SMEs to innovate and adapt to environmental changes to maintain business continuity. Covid-19 has had an impact on the world's economic downturn in every industry sectors, especially those are in SMEs, and business resilience is a vital point to face the pandemic. The role of managers is much needed by SMEs, the ability of managers to create innovations with new values is expected to create organisational resilience.

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Section: Discussionsupporting

confidence: 84%

“…Innovation is an effort created by taking into account opportunities and a very dynamic environment [27,28,30,37].…”

Section: Discussionmentioning

confidence: 99%

Section: Innovationmentioning

confidence: 99%

Section: Innovationmentioning

confidence: 99%

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Building Business Resilience of Small and Medium Enterprises Through Managerial Skills and Innovation on Second Wave of Covid-19 Pandemic (Study to Batik SMEs in East Java Indonesia)

Murtianingsih¹,

Salim²,

Djazuli³

et al. 2023

Advances in Economics, Business and Management Research

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show abstract

“…As regards the type of innovation being studied, research has shown a tendency to focus on product innovation (Hervas-Oliver et al , 2016; Hinteregger et al , 2019; Ramadani et al , 2019) or to still equate innovation with product innovation (Munir and Beh, 2020). A review of the relevant literature suggests that the study of process innovation is underdeveloped, even though research has suggested that this type of innovation – which addresses the specific need of companies for continuously improve extant processes and structures to make sure that their scarce resources are used in the best possible way (Zhao, 2005) – is relevant for remaining competitive (Chang-Muñoz et al , 2022). Research on factors promoting process innovation has so far focused mostly on internal organizational factors.…”

Section: Introductionmentioning

confidence: 99%

The influence of institutional conditions on firms’ process innovation – evidence from firms based on a multi-country analysis

Durst

Leyer

2022

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Purpose Our understanding of the influence of institutional conditions on process innovation is still limited, despite managers’ need to know which factors should be considered in decision-making and governments should be aware of how to foster process innovation through the provision of attractive institutions. Therefore, this paper aims to examine how institutional dimensions such as workforce, political instability, labor regulation, corruption, tax administration and transportation influence process innovation in smaller firms located in emerging countries other than the BRICS (Brazil, Russia, India, China and South Africa). Design/methodology/approach A data set from the World Bank Enterprise Surveys questioning over 20,000 companies from 41 emerging countries supplemented by the gross domestic product (GDP) per capita for each country was used and analyzed by the means of general linear mixed models. The analysis emphasized small- and medium-sized enterprises (SMEs) and excluded BRICS countries. Findings The findings demonstrate which institutional factors matter for process innovation depending on company size and GDP. Research limitations/implications This paper advances research on the influence of institutions on firm innovation – the institution–process innovation relationship in emerging countries other than the BRICS in particular. By considering the role of company size and GDP per capita on the institution–process innovation relationship, the paper offers more nuanced insights compared with prior studies and thus makes a strong contribution to the innovation theory. The data used are not suitable for a longitudinal study the same refers to capturing the variety found in the countries even those coming from the same geographic area. Practical implications The results provide practitioners, e.g. managers of SMEs, with concrete ideas on how to improve process innovation in their companies. Other actors such as policymakers too can benefit from the results as they will allow the design of more target group-oriented measures, aspects that can ultimately lead to more sustainable businesses. Originality/value By focusing on process innovation and emerging countries, the paper contributes to growing research efforts in emerging countries beyond the BRICS. Thus, the results add more diversity to the study of process innovation and its influencing external (institutional) factors. The emphasis on SMEs also allows us to highlight differences between different categories of SMEs.

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Unlocking Agricultural Innovation: A Roadmap for Growth and Sustainability

Farsani,

Choobchian,

Naghani

2024

J Knowl Econ

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Product or process innovation? The dilemma for exporting SMEs in emerging economies: the case of the Colombian Caribbean

Cited by 9 publications

References 9 publications

Building Business Resilience of Small and Medium Enterprises Through Managerial Skills and Innovation on Second Wave of Covid-19 Pandemic (Study to Batik SMEs in East Java Indonesia)

Building Business Resilience of Small and Medium Enterprises Through Managerial Skills and Innovation on Second Wave of Covid-19 Pandemic (Study to Batik SMEs in East Java Indonesia)

The influence of institutional conditions on firms’ process innovation – evidence from firms based on a multi-country analysis

Unlocking Agricultural Innovation: A Roadmap for Growth and Sustainability

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