IDEAS home Printed from https://ideas.repec.org/a/eee/bushor/v59y2016i1p51-60.html
   My bibliography  Save this article

Moving beyond initial success: Promoting innovation in small businesses through high-performance work practices

Author

Listed:
  • Mazzei, Matthew J.
  • Flynn, C. Brian
  • Haynie, Jeffrey J.

Abstract

After firms experience initial success, leaders frequently turn their attention toward producing and selling their products or services more efficiently, likely at the expense of ongoing innovation. This seemingly prudent decision may unintentionally lead firms to become one-hit wonders, effectively limiting their potential success over time. To help prevent a firm's early success from being its only success, small business executives should adopt practices that promote innovation yet don’t come at substantial cost given limited financial resources. Focusing on the positive influences of ability, commitment, and feedback, we propose a system of high-performance work practices (HPWPs) as an economical means of encouraging innovative behavior that allows for efficiency without losing an emphasis on creativity and entrepreneurial action. This article outlines and discusses nine specific HPWPs targeted for smaller businesses that are expected to promote and fully realize the potential of employees as the driving force for innovation and sustained success.

Suggested Citation

  • Mazzei, Matthew J. & Flynn, C. Brian & Haynie, Jeffrey J., 2016. "Moving beyond initial success: Promoting innovation in small businesses through high-performance work practices," Business Horizons, Elsevier, vol. 59(1), pages 51-60.
    • Handle: RePEc:eee:bushor:v:59:y:2016:i:1:p:51-60
    DOI: 10.1016/j.bushor.2015.08.004
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0007681315001147
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.bushor.2015.08.004?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Ireland, R. Duane & Webb, Justin W., 2009. "Crossing the great divide of strategic entrepreneurship: Transitioning between exploration and exploitation," Business Horizons, Elsevier, vol. 52(5), pages 469-479, September.
    2. Liu, Yongmei & Combs, James G. & Ketchen Jr., David J. & Ireland, R. Duane, 2007. "The value of human resource management for organizational performance," Business Horizons, Elsevier, vol. 50(6), pages 503-511.
    3. Chan, Jackie M.L. & Manova, Kalina, 2015. "Financial development and the choice of trade partners," Journal of Development Economics, Elsevier, vol. 116(C), pages 122-145.
    4. Sarkees, Matthew & Hulland, John, 2009. "Innovation and efficiency: It is possible to have it all," Business Horizons, Elsevier, vol. 52(1), pages 45-55.
    5. Yanjing Chen & Yu Gao & Ying Ge & Juan Li, 2015. "Regional financial development and foreign direct investment," Urban Studies, Urban Studies Journal Limited, vol. 52(2), pages 358-373, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dunne, Timothy C. & Aaron, Joshua R. & McDowell, William C. & Urban, David J. & Geho, Patrick R., 2016. "The impact of leadership on small business innovativeness," Journal of Business Research, Elsevier, vol. 69(11), pages 4876-4881.
    2. Kyriaki Papadopoulou, 2020. "Comparative Review Of Performance Measurement Methods Effectiveness," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 17(1), pages 127-139.
    3. Barba-Aragón, María Isabel & Jiménez-Jiménez, Daniel, 2020. "HRM and radical innovation: A dual approach with exploration as a mediator," European Management Journal, Elsevier, vol. 38(5), pages 791-803.
    4. Yi-Ying Chang & Paul Hughes & Ian Hodgkinson & Che-Yuan Chang & Yi-Tai Seih, 2022. "The antecedents of corporate entrepreneurship: multilevel, multisource evidence," Review of Managerial Science, Springer, vol. 16(2), pages 355-390, February.
    5. Servet Nasifoglu Elidemir & Ali Ozturen & Steven W. Bayighomog, 2020. "Innovative Behaviors, Employee Creativity, and Sustainable Competitive Advantage: A Moderated Mediation," Sustainability, MDPI, vol. 12(8), pages 1-18, April.
    6. Anna N. Ermakova & Svetlana S. Vaytsekhovskaya & Viktoria B. Malitskaya & Natalya Ð . Prodanova, 2016. "Investment Attractiveness of Small Innovational Business under the Conditions of Globalization and Integration," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 258-267.
    7. Ekinci, Yuksel & Gordon-Wilson, Sianne & Slade, Adrian, 2020. "An exploration of entrepreneurs' identities and business growth," Business Horizons, Elsevier, vol. 63(3), pages 391-401.
    8. Beatrice Luceri & Edoardo Sabbadin & Cristina Zerbini, 2017. "Innovation in Tradition: Key Success Factors of New Entrepreneurs in the Retail Trade," International Business Research, Canadian Center of Science and Education, vol. 10(12), pages 239-245, December.
    9. Jenny - Maria Åström & Karim Carroum Sanz & Sofia Lena Hagström & Andreu Safont Bagué & João Pedro Teles Estima, 2017. "David against Goliath - How creative communication helps small advertising agencies survive in a market led by giant agencies," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 10(3), pages 18-46, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shockley, Jeff & Turner, Tobin, 2016. "A relational performance model for developing innovation and long-term orientation in retail franchise organizations," Journal of Retailing and Consumer Services, Elsevier, vol. 32(C), pages 175-188.
    2. Matthew Harrison & Geng Xiao, 2019. "China and Special Drawing Rights—Towards a Better International Monetary System," JRFM, MDPI, vol. 12(2), pages 1-15, April.
    3. Gengnan Chiang & Chin-Chi Liu & Hui-Hsuan Liu, 2022. "The Threshold Effect of Regulatory Quality on the Relationship between Financial Development and Economic Growth: Evidence from Asian Countries," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 12(1), pages 1-6.
    4. Peterson K. Ozili & Honour Ndah, 2021. "Impact of financial development on bank profitability," Journal of Economic and Administrative Sciences, Emerald Group Publishing Limited, vol. 40(2), pages 238-262, December.
    5. Hans Bruining & Ernst Verwaal & Mike Wright, 2013. "Private equity and entrepreneurial management in management buy-outs," Small Business Economics, Springer, vol. 40(3), pages 591-605, April.
    6. Bogdan-Ioan Cãžmpan, 2012. "Features Of Human Resources Management In Military Organizations," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 6(1), pages 334-339, November.
    7. Wang, Rui & Mao, Keqi, 2024. "How does bank competition affect trade-mode transformation? Evidence from Chinese export enterprises," Journal of Multinational Financial Management, Elsevier, vol. 72(C).
    8. Jiewei Zu & Jianan Wang & Jun Ma, 2022. "Ambidexterity in a Rapidly Changing Environment of China: Top Management Team Decision Making and Sustained Performance," Sustainability, MDPI, vol. 14(7), pages 1-20, March.
    9. Crinò, Rosario & Ogliari, Laura, 2015. "Financial Frictions, Product Quality, and International Trade," CEPR Discussion Papers 10555, C.E.P.R. Discussion Papers.
    10. Nguyen Huynh Mai Tram & Bui Hoang Ngoc, 2024. "Environmental Foe or Friend: The Impact of Intellectual Capital and Ambidextrous Innovation on Environmental Performance," SAGE Open, , vol. 14(2), pages 21582440241, May.
    11. José Andrade & Mário Franco & Luis Mendes, 2021. "Technological capacity and organisational ambidexterity: the moderating role of environmental dynamism on Portuguese technological SMEs," Review of Managerial Science, Springer, vol. 15(7), pages 2111-2136, October.
    12. Ta-Kai Yang & Min-Ren Yan, 2019. "Exploring the Enablers of Strategic Orientation for Technology-Driven Business Innovation Ecosystems," Sustainability, MDPI, vol. 11(20), pages 1-19, October.
    13. Crozet, Matthieu & Hinz, Julian & Stammann, Amrei & Wanner, Joschka, 2021. "Worth the pain? Firms’ exporting behaviour to countries under sanctions," European Economic Review, Elsevier, vol. 134(C).
    14. Riccardo De Bonis & Giovanni Ferri & Zeno Rotondi, 2015. "Do firm–bank relationships affect firms’ internationalization?," International Economics, CEPII research center, issue 142, pages 60-80.
    15. Wood, Matthew S., 2011. "A process model of academic entrepreneurship," Business Horizons, Elsevier, vol. 54(2), pages 153-161.
    16. Spatareanu, Mariana & Manole, Vlad & Kabiri, Ali, 2018. "Exports and bank shocks: evidence from matched firm-bank data," LSE Research Online Documents on Economics 89982, London School of Economics and Political Science, LSE Library.
    17. Mohammed Ahmed, Abdullahi, 2019. "Financial Development and Central Bank Bilateral Currency Swaps: Is there Trade Effect?," MPRA Paper 109875, University Library of Munich, Germany, revised 05 Aug 2019.
    18. Elizabeth A. M. Searing, 2023. "Beyond Donations: Isomorphism and Revenue Mix in Nonprofit Start-Ups," Administrative Sciences, MDPI, vol. 13(3), pages 1-19, March.
    19. Kay, Rosemarie & Nielen, Sebastian & Schröder, Christian, 2018. "SMEs' responses to potentially disruptive innovations: Does strategic entrepreneurship provide an explanation?," Working Papers 06/18, Institut für Mittelstandsforschung (IfM) Bonn.
    20. repec:zbw:bofitp:2019_007 is not listed on IDEAS
    21. Salamat Ali & Chris Milner, 2022. "Trade costs and the composition of developing countries' exports," Review of Development Economics, Wiley Blackwell, vol. 26(4), pages 1971-1996, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:bushor:v:59:y:2016:i:1:p:51-60. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/bushor .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.