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Drivers of Innovation Practices in SMEs: A Literature Review

Author

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  • Prateek Modi

    (National Institute of Technology, Raipur, India)

  • A. M. Rawani

    (National Institute of Technology, Raipur, India)

Abstract

In terms of industries or business, one of the very important aspects of any growing economy is SMEs which are responsible for driving innovation and development in different areas. SMEs should possess a strategy which manages decisions effectively. Innovation is the key to making such strategies effective to achieve the ultimate goals. Presently, there are so many studies available in the literature for big industries, but less literature is available which collects drivers of innovation practice in SMEs in one article. Hence this article concentrates on discovering some of the driving forces of innovation practice in SMEs through previous studies. There are some factors which act as drivers for innovation practice in SMEs, these drivers help the SMEs to achieve their desired target. A basic literature review approach is embraced to viably identify those key drivers. This study contributes to the innovation management articles on SMEs. Some future research constraints are also suggested in the article.

Suggested Citation

  • Prateek Modi & A. M. Rawani, 2020. "Drivers of Innovation Practices in SMEs: A Literature Review," International Journal of E-Entrepreneurship and Innovation (IJEEI), IGI Global, vol. 10(1), pages 28-40, January.
    • Handle: RePEc:igg:jeei00:v:10:y:2020:i:1:p:28-40
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    Cited by:

    1. Animesh Agrawal & Chitranjan Kumar & Suraj Kumar Mukti, 2021. "Role of Information and Communication Technology (ICT) to Enhance the Success of Knowledge Management (KM): a Study in a Steel Plant," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(4), pages 1760-1786, December.
    2. Vanessa Pertuz & Adith Pérez, 2021. "Innovation management practices: review and guidance for future research in SMEs," Management Review Quarterly, Springer, vol. 71(1), pages 177-213, February.

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