The Impact of Innovation Type on Financial and Non-financial Performance of SMES. A Scoping Review
To take advantage of existing opportunities in a market of global competition and rapid changes, firms try to adapt their strategy by introducing new or improved innovation types. While there is a large body of literature investigating the relationship between innovation and performance, there is a...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Sprog: | English |
| Udgivet: |
Universidade do Porto, Faculdade de Engenharia (FEUP)
2021-11-01
|
| Serier: | Journal of Innovation Management |
| Fag: | |
| Online adgang: | https://journalsojs3.fe.up.pt/index.php/jim/article/view/941 |
| _version_ | 1827766808751374336 |
|---|---|
| author | Kaoutar Jamai Hans DE STEUR Ali ABIDAR Xavier GELLYNCK |
| author_facet | Kaoutar Jamai Hans DE STEUR Ali ABIDAR Xavier GELLYNCK |
| author_sort | Kaoutar Jamai |
| collection | DOAJ |
| description | To take advantage of existing opportunities in a market of global competition and rapid changes, firms try to adapt their strategy by introducing new or improved innovation types. While there is a large body of literature investigating the relationship between innovation and performance, there is a need to further analyze the role of innovation type on performance, especially in SMEs. Using a scoping review approach, this study aims to evaluate the influence of innovation types on firm performance in SMEs. A total of 47 studies were selected to examine the correlation between innovation type and performance, and identify the key factors that strongly impact the firm growth per industry. Findings demonstrate the difference in innovation impact according to the targeted industrial sector and show which type could be more beneficial to enhance firm performance. In the most studied industries, results reveal that product innovation influences strongly firm performance in the manufacturing sector, while marketing and product innovation are the variables that most impact the growth of agro-food firms. Similarly, organizational and product innovation affect highly firm improvement in the manufacturing and service sectors. This study helps managers in their struggle to obtain growth by targeting the most appropriate dimensions of innovation and helps policy makers by making decisions that stimulate firm development. |
| first_indexed | 2024-03-11T11:50:19Z |
| format | Article |
| id | doaj.art-f428c9916daf4ae0aa408c5031cb906c |
| institution | Directory Open Access Journal |
| issn | 2183-0606 |
| language | English |
| last_indexed | 2024-03-11T11:50:19Z |
| publishDate | 2021-11-01 |
| publisher | Universidade do Porto, Faculdade de Engenharia (FEUP) |
| record_format | Article |
| series | Journal of Innovation Management |
| spelling | doaj.art-f428c9916daf4ae0aa408c5031cb906c2023-11-09T10:39:24ZengUniversidade do Porto, Faculdade de Engenharia (FEUP)Journal of Innovation Management2183-06062021-11-0193275710.24840/2183-0606_009.003_00031112The Impact of Innovation Type on Financial and Non-financial Performance of SMES. A Scoping ReviewKaoutar Jamai0Hans DE STEUR1Ali ABIDAR2Xavier GELLYNCK3Department of Agricultural Economics, Ghent University, Coupure Links 653, 9000 Gent, BelgiumGhent University, Faculty of Bioscience Engineering, Department of Agricultural Economics, Division of Agri-food Marketing and Chain ManagementNational School of Agriculture, Department of Rural Development EngineeringGhent University, Faculty of Bioscience Engineering, Department of Agricultural Economics, Division of Agri-food Marketing and Chain ManagementTo take advantage of existing opportunities in a market of global competition and rapid changes, firms try to adapt their strategy by introducing new or improved innovation types. While there is a large body of literature investigating the relationship between innovation and performance, there is a need to further analyze the role of innovation type on performance, especially in SMEs. Using a scoping review approach, this study aims to evaluate the influence of innovation types on firm performance in SMEs. A total of 47 studies were selected to examine the correlation between innovation type and performance, and identify the key factors that strongly impact the firm growth per industry. Findings demonstrate the difference in innovation impact according to the targeted industrial sector and show which type could be more beneficial to enhance firm performance. In the most studied industries, results reveal that product innovation influences strongly firm performance in the manufacturing sector, while marketing and product innovation are the variables that most impact the growth of agro-food firms. Similarly, organizational and product innovation affect highly firm improvement in the manufacturing and service sectors. This study helps managers in their struggle to obtain growth by targeting the most appropriate dimensions of innovation and helps policy makers by making decisions that stimulate firm development.https://journalsojs3.fe.up.pt/index.php/jim/article/view/941innovation types, firm performance, sme, industry |
| spellingShingle | Kaoutar Jamai Hans DE STEUR Ali ABIDAR Xavier GELLYNCK The Impact of Innovation Type on Financial and Non-financial Performance of SMES. A Scoping Review Journal of Innovation Management innovation types, firm performance, sme, industry |
| title | The Impact of Innovation Type on Financial and Non-financial Performance of SMES. A Scoping Review |
| title_full | The Impact of Innovation Type on Financial and Non-financial Performance of SMES. A Scoping Review |
| title_fullStr | The Impact of Innovation Type on Financial and Non-financial Performance of SMES. A Scoping Review |
| title_full_unstemmed | The Impact of Innovation Type on Financial and Non-financial Performance of SMES. A Scoping Review |
| title_short | The Impact of Innovation Type on Financial and Non-financial Performance of SMES. A Scoping Review |
| title_sort | impact of innovation type on financial and non financial performance of smes a scoping review |
| topic | innovation types, firm performance, sme, industry |
| url | https://journalsojs3.fe.up.pt/index.php/jim/article/view/941 |
| work_keys_str_mv | AT kaoutarjamai theimpactofinnovationtypeonfinancialandnonfinancialperformanceofsmesascopingreview AT hansdesteur theimpactofinnovationtypeonfinancialandnonfinancialperformanceofsmesascopingreview AT aliabidar theimpactofinnovationtypeonfinancialandnonfinancialperformanceofsmesascopingreview AT xaviergellynck theimpactofinnovationtypeonfinancialandnonfinancialperformanceofsmesascopingreview AT kaoutarjamai impactofinnovationtypeonfinancialandnonfinancialperformanceofsmesascopingreview AT hansdesteur impactofinnovationtypeonfinancialandnonfinancialperformanceofsmesascopingreview AT aliabidar impactofinnovationtypeonfinancialandnonfinancialperformanceofsmesascopingreview AT xaviergellynck impactofinnovationtypeonfinancialandnonfinancialperformanceofsmesascopingreview |