The Relationships Between Technological Turbulence, Flow Experience, Innovation Performance and Small Firm Growth

Abstract

The main objective of the paper is to address the question of how to foster innovation and small firm growth under different levels of technological turbulence. Specifically, the paper examines the relationship among risk-taking, arising from different levels of technological turbulence, flow experience, innovation and small firm growth (i.e. market share and ROI growth). The underlying premise of our research is that there are substantial differences in low and high technological environments in terms of the relationships of risk taking, flow at work, innovation and small firm growth. Based on a survey among 188 entrepreneurs, the paper tests the proposed relationships in technological diverse environments with structural equation modelling. The results show that, when the level of technological turbulence is high, flow experience is significantly related to innovation and small firm growth, while in low-technological turbulence environment such relationships are not present. The study contributes to the entrepreneurial literature by demonstrating that in highly turbulent environments, flow experience may promote entrepreneurs’ innovation and the efficiency of small firm performance. The study also provides new empirical insights about the relationship between entrepreneurs’ behaviour, which is influenced by environmental conditions, on the one hand and innovation and small firm growth on the other hand.

Efecto de la turbulencia tecnológica generada por la inteligencia artificial en la innovación de producto: el papel de la orientación estratégica a la digitalización

“…La turbulencia tecnológica hace referencia al cambio tecnológico que sucede a lo largo del tiempo dentro de una industria, producción o en los mismos productos, y al que las compañías deben saber adaptarse para sobrevivir (Martin et al, 2020). Un ambiente de turbulencia tecnológica implica que se tomen nuevos riesgos y afronten decisiones estratégicas, lo cual sucede dentro de un entorno de alta incertidumbre (Slavec Gomezel & Aleksić, 2020). La turbulencia tecnológica suele crear alteraciones que fuerzan a las compañías a apropiarse de nuevas tendencias y puede verse como una amenaza cuando aquellas tendencias se presentan como disruptivas (Martin et al, 2020).…”

“…Esto es cierto en particular para los sectores tecnológicos (Neştian et al, 2020). La turbulencia tecnológica implica tomar decisiones estratégicas y nuevos riesgos (Slavec Gomezel & Aleksić, 2020), dado que con frecuencia involucra cambios disruptivos para las industrias (Martin et al, 2020).…”

“…También se argumenta que la turbulencia tecnológica incrementa la percepción sobre la importancia de innovar, pero solamente la turbulencia del mercado es capaz de impactarla directamente (Bodlaj & Čater, 2019). De igual forma, se ha evidenciado que la turbulencia tecnológica impactaría la innovación en las pequeñas empresas solo cuando es lo suficientemente fuerte (Slavec Gomezel & Aleksić, 2020).…”

Yüksek Teknolojik Türbülans Ve Firma Başarısı

“…Bu çalışmaların sonuçlarına göre ise firmaların içerisinde bulunduğu teknolojik türbülansın seviyesi arttıkça firmanın sahip olduğu bilgilerin geçerliliği ve güvenilirliği azaldığı için mevcut bilgi seviyesi azalmaktadır (Zhao, 2020). Bu durum firmaları yeni bilgiye daha hızlı şekilde ulaşmaya (Song & Montoya-Weiss, 2001), daha fazla risk almaya (Pratono,2018), teknolojiyi kullanma niyetinin artmasına (Pinheiro, 2020) ve seçenekler arasındaki en iyi teknolojiyi seçmeye (Gomezel & Aleksic, 2020) zorlar. Bu durum ise firmaları daha çok inovatif olmaya yönlendirir (Zhao, 2020).…”

An Empirical Study on the Mechanism of Dynamic Capacity Formation in the Supply Chain

“…The turbulent environment drives companies to innovate, and this innovation is not only for the development of new products but also on business processes, forms of organizational learning between supply chains, and knowledge exchanges [9]. Gomezel found that technological turbulence can seriously affect product development [28]. Through an empirical study of 553 Japanese development projects, Song et al found that technological turbulence has a significant impact on the ability to sustain innovation, such as new product development [29].…”