IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxivy2021i4bp838-850.html
   My bibliography  Save this article

The Impact of Innovation and Knowledge Management on Enterprises Revenues in Serbia

Author

Listed:
  • Ilir Morina

Abstract

Purpose: There is a significant and positive relationship between knowledge management and the innovation of enterprises. On the other hand, innovations enable enterprises to bring new and improved products and services in the market and thus to meet customers' needs better and thoroughly, to gain loyal customers, to increase sales of products and services, to substitute outdated products, to increase their income, to improve their market share, to increase their competitive advantage, to conquer new market segments and new markets, to improve their performance, and as a result, positively affect to the economic development of the country in which they operate. This paper aims to show the importance of knowledge management and innovation for the performance of enterprises in Serbia (and especially for increasing their revenues). Design/Methodology/Approach: To determine the extent to which innovations are present in companies in Serbia and whether they are essential for the performance of companies (and especially for their revenues), this paper uses secondary data sources from various national and international bodies and organizations. For that purpose, first, the number and size of enterprises in Serbia are determined, then the share of innovative enterprises in the total number of enterprises, and finally, the share of innovation revenues in the total revenues of innovative enterprises. Findings: Innovation and knowledge management are of great importance for companies' revenues in Serbia, regardless of their size and activity. Recognizing that importance, companies in Serbia have increased their innovative activity in recent years. That progress can be seen from the data of the European Innovation Scoreboard - EIS. Practical Implications: This paper has proved the importance of innovation and knowledge management for corporate performance and can positively influence companies to increase their innovative activities to achieve more excellent performance and thus contribute to economic development in the country in which they operate. Originality/Value: This paper has proved the importance of innovation and knowledge management for the performance of companies in Serbia (and especially for increasing their revenues).

Suggested Citation

  • Ilir Morina, 2021. "The Impact of Innovation and Knowledge Management on Enterprises Revenues in Serbia," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 838-850.
    • Handle: RePEc:ers:journl:v:xxiv:y:2021:i:4b:p:838-850
    as

    Download full text from publisher

    File URL: https://ersj.eu/journal/2775/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Seung Hoo Jin & Sang Ok Choi, 2019. "The Effect of Innovation Capability on Business Performance: A Focus on IT and Business Service Companies," Sustainability, MDPI, vol. 11(19), pages 1-15, September.
    2. Sheen S. Levine & Michael J. Prietula, 2012. "How Knowledge Transfer Impacts Performance: A Multilevel Model of Benefits and Liabilities," Organization Science, INFORMS, vol. 23(6), pages 1748-1766, December.
    3. Alberta Tahiri & Idriz Kovaci & Avni Krasniqi, 2020. "Human Resource Management, Performance Management and Employee Performance Appraisal by SME Managers in Kosovo," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 288-298.
    Full references (including those not matched with items on IDEAS)

    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. Ilir Morina, 2022. "The Impact of Innovation and Knowledge Management on Enterprises Revenues in Serbia," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 15-28.
    2. Ilir Morina, 2021. "The Impact of Innovation and Knowledge Management on Enterprises’ Revenues in Serbia," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 905-917.
    3. Li, Shenxue & Clark, Timothy & Sillince, John, 2018. "Constructing a strategy on the creation of core competencies for African companies," Technological Forecasting and Social Change, Elsevier, vol. 131(C), pages 204-213.
    4. Wayne E. Baker & Nathaniel Bulkley, 2014. "Paying It Forward vs. Rewarding Reputation: Mechanisms of Generalized Reciprocity," Organization Science, INFORMS, vol. 25(5), pages 1493-1510, October.
    5. Stefano Brusoni & Lorenzo Cassi & Simge Tuna, 2021. "Knowledge integration between technical change and strategy making," Journal of Evolutionary Economics, Springer, vol. 31(5), pages 1521-1552, November.
    6. Linda Argote & Sunkee Lee & Jisoo Park, 2021. "Organizational Learning Processes and Outcomes: Major Findings and Future Research Directions," Management Science, INFORMS, vol. 67(9), pages 5399-5429, September.
    7. JinHyo Joseph Yun & Xiaofei Zhao & KwangHo Jung & Tan Yigitcanlar, 2020. "The Culture for Open Innovation Dynamics," Sustainability, MDPI, vol. 12(12), pages 1-21, June.
    8. Sheen S. Levine & Michael J. Prietula, 2014. "Open Collaboration for Innovation: Principles and Performance," Organization Science, INFORMS, vol. 25(5), pages 1414-1433, October.
    9. Henrich R. Greve & Lori Qingyuan Yue, 2017. "Hereafter: How Crises Shape Communities Through Learning and Institutional Legacies," Organization Science, INFORMS, vol. 28(6), pages 1098-1114, December.
    10. Huang, Allen H. & Lin, An-Ping & Zang, Amy Y., 2022. "Cross-industry information sharing among colleagues and analyst research," Journal of Accounting and Economics, Elsevier, vol. 74(1).
    11. Nisar, Tahir M. & Prabhakar, Guru & Strakova, Lubica, 2019. "Social media information benefits, knowledge management and smart organizations," Journal of Business Research, Elsevier, vol. 94(C), pages 264-272.
    12. Zhang, Feng & Jiang, Guohua & Cantwell, John A., 2019. "Geographically Dispersed Technological Capability Building and MNC Innovative Performance: The Role of Intra-firm Flows of Newly Absorbed Knowledge," Journal of International Management, Elsevier, vol. 25(3), pages 1-1.
    13. Alicia Llorca-Ponce & Gregorio Rius-Sorolla & Francisco J. Ferreiro-Seoane, 2021. "Is Innovation a Driver of Sustainability? An Analysis from a Spanish Region," Sustainability, MDPI, vol. 13(16), pages 1-30, August.
    14. Sheen S. Levine & Mark Bernard & Rosemarie Nagel, 2018. "Strategic intelligence: The cognitive capability to anticipate competitor behaviour," Strategic Management Journal, Wiley Blackwell, vol. 39(2), pages 527-527, February.
    15. Salma S. Abed, 2021. "Women Entrepreneurs’ Adoption of Mobile Applications for Business Sustainability," Sustainability, MDPI, vol. 13(21), pages 1-15, October.
    16. Liliana Pérez-Nordtvedt & Debmalya Mukherjee & Ben L. Kedia, 2015. "Cross-Border Learning, Technological Turbulence and Firm Performance," Management International Review, Springer, vol. 55(1), pages 23-51, February.
    17. Nor Ahmad Khamzah & Shamsiah Hussin & Sharifah Rafidah Wan Bagus & Sarah Md. Sah & Alwi Mohd Yunus, 2017. "Investigation of Knowledge Management Practices among academicians at Bahagian Teknologi Pendidikan Negeri (BTPN) Selangor and MARA Higher Education Institute: A Comparative Study," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 7(11), pages 811-825, November.
    18. Benny Lianto, 2023. "Identifying Key Assessment Factors for a Company’s Innovation Capability Based on Intellectual Capital: An Application of the Fuzzy Delphi Method," Sustainability, MDPI, vol. 15(7), pages 1-21, March.
    19. Chuanyi Wang & Jiale Yang & Zhe Cheng & Chaoqun Ni, 2019. "Postgraduate Education of Board Members and R&D Investment—Evidence from China," Sustainability, MDPI, vol. 11(22), pages 1-17, November.
    20. Davide Secchi & Raffaello Seri, 2017. "Controlling for false negatives in agent-based models: a review of power analysis in organizational research," Computational and Mathematical Organization Theory, Springer, vol. 23(1), pages 94-121, March.

    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:ers:journl:v:xxiv:y:2021:i:4b:p:838-850. 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: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    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.