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Entrepreneurial competencies in successfully innovative SMEs

Author

Listed:
  • Kyllikki Taipale-Erävala
  • Kaisa Henttonen
  • Hannele Lampela

Abstract

This study examines what kinds of specific entrepreneurial competencies enable SMEs to successfully implement innovations. The conceptual research approach is supported by empirical data in a multiple case study. A framework of entrepreneurial competencies in the 2000s is created, based on how they are defined in the recent literature, and the framework is reflected with qualitative interview data from 13 innovative Finnish SMEs in the forest industry. The study indicates that in SMEs that were able to successfully exploit and execute innovations, the entrepreneurial competencies include special extrovert competencies (e.g., open-mindedness), competencies related to preparation, and pro-activeness in business operations, which all seem to have a significant influence on successfully implementing innovations. Additionally, the study concluded that there are no notable differences between different innovation types and found entrepreneurial competencies in innovative SMEs.

Suggested Citation

  • Kyllikki Taipale-Erävala & Kaisa Henttonen & Hannele Lampela, 2019. "Entrepreneurial competencies in successfully innovative SMEs," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 38(3), pages 251-276.
    • Handle: RePEc:ids:ijesbu:v:38:y:2019:i:3:p:251-276
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    Cited by:

    1. Kusnandar & Setyowati, Nuning & Wida Riptanti, Erlyna, 2023. "Creating an innovative culture in agribusiness of micro, small and medium-sized enterprises," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 9(2), June.
    2. Ainul Mohsein Abdul-Mohsin & Hasliza Abdul Halim & Noor Hazlina Ahmad, 2020. "Determinants of Innovative Performance: The Case of an Emerging Country SMEs," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 3-19.
    3. Amare Abawa Esubalew & Sunday Abayomi Adebisi, 2024. "Entrepreneurs' competency, marketing innovation, and enterprise growth: uncovering the mediating role of marketing innovation," Future Business Journal, Springer, vol. 10(1), pages 1-12, December.

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