Time to get into the action: Unveiling the unknown of innovation capability in Indian MSMEs
Purpose - The aim of this study is to identify and rank the factors of innovation capability (IC) in Indian micro, small and medium enterprises (MSMEs). This study focuses on ascertaining the important factors that help in enhancing the IC with an emblematic focus on the MSME sector of India. Design...
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| Format: | Article |
| Language: | English |
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Emerald Publishing
2018-12-01
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| Series: | Asia Pacific Journal of Innovation and Entrepreneurship |
| Subjects: | |
| Online Access: | https://www.emeraldinsight.com/doi/pdfplus/10.1108/APJIE-06-2018-0041 |
| _version_ | 1828136428595314688 |
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| author | Juhi Raghuvanshi Chandra Prakash Garg |
| author_facet | Juhi Raghuvanshi Chandra Prakash Garg |
| author_sort | Juhi Raghuvanshi |
| collection | DOAJ |
| description | Purpose - The aim of this study is to identify and rank the factors of innovation capability (IC) in Indian micro, small and medium enterprises (MSMEs). This study focuses on ascertaining the important factors that help in enhancing the IC with an emblematic focus on the MSME sector of India. Design/methodology/approach - This paper proposes a multicriteria decision-making methodology, which is based on fuzzy analytic hierarchical process to prioritize the factors that enhance the IC of MSMEs. Finally, sensitivity analysis is conducted to examine the ranking stability. Findings - Knowledge management is the most important enabler, followed by creativity and idea management and organizational culture. Practical implications - Several organizations promote the strategic measures for enhancing the IC. To increase their capability to innovate, there is a need to identify, acknowledge and implement the drivers of IC into practice. Originality/value - Prioritization done in the study facilitates the entrepreneurs to determine the most important factors that need crucial attention in dealing with sensitive issues of IC. Entrepreneurs can take several steps to implement the most important factors for enhancing the IC into practices for meeting the needs of the consumers, generating profits and enhancing the competitiveness. |
| first_indexed | 2024-04-11T18:04:19Z |
| format | Article |
| id | doaj.art-813b224271844770a9c6beee39e047e2 |
| institution | Directory Open Access Journal |
| issn | 2071-1395 2398-7812 |
| language | English |
| last_indexed | 2024-04-11T18:04:19Z |
| publishDate | 2018-12-01 |
| publisher | Emerald Publishing |
| record_format | Article |
| series | Asia Pacific Journal of Innovation and Entrepreneurship |
| spelling | doaj.art-813b224271844770a9c6beee39e047e22022-12-22T04:10:23ZengEmerald PublishingAsia Pacific Journal of Innovation and Entrepreneurship2071-13952398-78122018-12-0112327929910.1108/APJIE-06-2018-0041618602Time to get into the action: Unveiling the unknown of innovation capability in Indian MSMEsJuhi Raghuvanshi0Chandra Prakash Garg1Department of Management Studies, Indian Institute of Technology, Roorkee, IndiaUniversity of Petroleum and Energy Studies, Dehradun, IndiaPurpose - The aim of this study is to identify and rank the factors of innovation capability (IC) in Indian micro, small and medium enterprises (MSMEs). This study focuses on ascertaining the important factors that help in enhancing the IC with an emblematic focus on the MSME sector of India. Design/methodology/approach - This paper proposes a multicriteria decision-making methodology, which is based on fuzzy analytic hierarchical process to prioritize the factors that enhance the IC of MSMEs. Finally, sensitivity analysis is conducted to examine the ranking stability. Findings - Knowledge management is the most important enabler, followed by creativity and idea management and organizational culture. Practical implications - Several organizations promote the strategic measures for enhancing the IC. To increase their capability to innovate, there is a need to identify, acknowledge and implement the drivers of IC into practice. Originality/value - Prioritization done in the study facilitates the entrepreneurs to determine the most important factors that need crucial attention in dealing with sensitive issues of IC. Entrepreneurs can take several steps to implement the most important factors for enhancing the IC into practices for meeting the needs of the consumers, generating profits and enhancing the competitiveness.https://www.emeraldinsight.com/doi/pdfplus/10.1108/APJIE-06-2018-0041IndiaMCDMFuzzy AHPMSMEsInnovation capability (IC) |
| spellingShingle | Juhi Raghuvanshi Chandra Prakash Garg Time to get into the action: Unveiling the unknown of innovation capability in Indian MSMEs Asia Pacific Journal of Innovation and Entrepreneurship India MCDM Fuzzy AHP MSMEs Innovation capability (IC) |
| title | Time to get into the action: Unveiling the unknown of innovation capability in Indian MSMEs |
| title_full | Time to get into the action: Unveiling the unknown of innovation capability in Indian MSMEs |
| title_fullStr | Time to get into the action: Unveiling the unknown of innovation capability in Indian MSMEs |
| title_full_unstemmed | Time to get into the action: Unveiling the unknown of innovation capability in Indian MSMEs |
| title_short | Time to get into the action: Unveiling the unknown of innovation capability in Indian MSMEs |
| title_sort | time to get into the action unveiling the unknown of innovation capability in indian msmes |
| topic | India MCDM Fuzzy AHP MSMEs Innovation capability (IC) |
| url | https://www.emeraldinsight.com/doi/pdfplus/10.1108/APJIE-06-2018-0041 |
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