Innovativeness as a source of competitive advantage for entrepreneurial ventures and small business
Competitive advantage lies in the mindset of the specifics of an organization that make it different than other primarily because of the way of meeting the needs of customers / clients, which results in a generally greater impact. The aim is not only to gain a competitive advantage rather than aim t...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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University of Novi Sad - Faculty of Economics, Subotica
2016-01-01
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| Series: | Strategic Management |
| Subjects: | |
| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/1821-3448/2016/1821-34481603003L.pdf |
| _version_ | 1818721259569020928 |
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| author | Leković Božidar Marić Slobodan |
| author_facet | Leković Božidar Marić Slobodan |
| author_sort | Leković Božidar |
| collection | DOAJ |
| description | Competitive advantage lies in the mindset of the specifics of an organization that make it different than other primarily because of the way of meeting the needs of customers / clients, which results in a generally greater impact. The aim is not only to gain a competitive advantage rather than aim to make it sustainable competitive advantage, because it is very complex to mimic, at a time when competition is trying to take over the business model. The most stable and long-term source of sustainable competitive advantage is innovation in business. However, innovation is the basic and exclusive peculiarity of entrepreneurial ventures and small businesses. The above assertion is based on J. Schumpeter, who said that entrepreneurs are primarily innovators that create the conditions for profit by creating a temporary monopoly by means of organizational and technological innovation. With their proactive approach, they constantly disturb the existing state of equilibrium (creative destruction) that favoured existing business actors forcing them to respond to emerging threats, while in return they provide business opportunities through new market space. The main intention of the paper, i.e. its objective, is reflected in the determination of the degree of interdependence of innovative entrepreneurial ventures, with different levels of maturity, and business success, starting from basic research assumptions (hypotheses) to a higher level of innovation which means business success observed in the level of development of the enterprise. Set research intentions will be implemented by means of quantitative analysis, using the appropriate mathematical and statistical procedures (Pearson's correlation) conditioned by the nature of available databases based on the GEM methodology and comparison of global capabilities. |
| first_indexed | 2024-12-17T20:35:53Z |
| format | Article |
| id | doaj.art-81e99a8540de448e9983aec33d0de300 |
| institution | Directory Open Access Journal |
| issn | 1821-3448 2334-6191 |
| language | English |
| last_indexed | 2024-12-17T20:35:53Z |
| publishDate | 2016-01-01 |
| publisher | University of Novi Sad - Faculty of Economics, Subotica |
| record_format | Article |
| series | Strategic Management |
| spelling | doaj.art-81e99a8540de448e9983aec33d0de3002022-12-21T21:33:26ZengUniversity of Novi Sad - Faculty of Economics, SuboticaStrategic Management1821-34482334-61912016-01-012133121821-34481603003LInnovativeness as a source of competitive advantage for entrepreneurial ventures and small businessLeković Božidar0Marić Slobodan1University of Novi Sad, Faculty of Economics in Subotica, Subotica, SerbiaUniversity of Novi Sad, Faculty of Economics in Subotica, Subotica, SerbiaCompetitive advantage lies in the mindset of the specifics of an organization that make it different than other primarily because of the way of meeting the needs of customers / clients, which results in a generally greater impact. The aim is not only to gain a competitive advantage rather than aim to make it sustainable competitive advantage, because it is very complex to mimic, at a time when competition is trying to take over the business model. The most stable and long-term source of sustainable competitive advantage is innovation in business. However, innovation is the basic and exclusive peculiarity of entrepreneurial ventures and small businesses. The above assertion is based on J. Schumpeter, who said that entrepreneurs are primarily innovators that create the conditions for profit by creating a temporary monopoly by means of organizational and technological innovation. With their proactive approach, they constantly disturb the existing state of equilibrium (creative destruction) that favoured existing business actors forcing them to respond to emerging threats, while in return they provide business opportunities through new market space. The main intention of the paper, i.e. its objective, is reflected in the determination of the degree of interdependence of innovative entrepreneurial ventures, with different levels of maturity, and business success, starting from basic research assumptions (hypotheses) to a higher level of innovation which means business success observed in the level of development of the enterprise. Set research intentions will be implemented by means of quantitative analysis, using the appropriate mathematical and statistical procedures (Pearson's correlation) conditioned by the nature of available databases based on the GEM methodology and comparison of global capabilities.https://scindeks-clanci.ceon.rs/data/pdf/1821-3448/2016/1821-34481603003L.pdfinnovativenesscompetitive advantageentrepreneurial venturessmall businessgem methodology |
| spellingShingle | Leković Božidar Marić Slobodan Innovativeness as a source of competitive advantage for entrepreneurial ventures and small business Strategic Management innovativeness competitive advantage entrepreneurial ventures small business gem methodology |
| title | Innovativeness as a source of competitive advantage for entrepreneurial ventures and small business |
| title_full | Innovativeness as a source of competitive advantage for entrepreneurial ventures and small business |
| title_fullStr | Innovativeness as a source of competitive advantage for entrepreneurial ventures and small business |
| title_full_unstemmed | Innovativeness as a source of competitive advantage for entrepreneurial ventures and small business |
| title_short | Innovativeness as a source of competitive advantage for entrepreneurial ventures and small business |
| title_sort | innovativeness as a source of competitive advantage for entrepreneurial ventures and small business |
| topic | innovativeness competitive advantage entrepreneurial ventures small business gem methodology |
| url | https://scindeks-clanci.ceon.rs/data/pdf/1821-3448/2016/1821-34481603003L.pdf |
| work_keys_str_mv | AT lekovicbozidar innovativenessasasourceofcompetitiveadvantageforentrepreneurialventuresandsmallbusiness AT maricslobodan innovativenessasasourceofcompetitiveadvantageforentrepreneurialventuresandsmallbusiness |