IDEAS home Printed from https://ideas.repec.org/a/sae/jouent/v33y2024i3p485-516.html
   My bibliography  Save this article

Predictive Variables of Organisational Performance in Creative Industry Companies from the Perspective of Managers: Experiences in SMEs

Author

Listed:
  • Marelby Amado Mateus
  • Alfredo Guzmán Rincón
  • Merlin Patricia Grueso Hinestroza

Abstract

The creative industry has emerged as a crucial global development and economic growth driver. This study aims to identify and analyse predictive variables that influence the organisational performance of creative industry SMEs from the entrepreneurs’ perspective, providing a deeper understanding of the sector’s dynamics and guiding businesses and decision-makers towards effective strategies. A quantitative methodology was used to survey 500 managers of creative SMEs in Colombia. The results indicate that reputation, based on client recommendations, and the capacity for innovation significantly impact performance. Notably, concern for technology showed a negative effect, suggesting the need for more strategic technological adoption. These findings highlight the importance of effective reputation management and the promotion of innovation, offering valuable insights for policy and strategy formulation in the creative economy.

Suggested Citation

  • Marelby Amado Mateus & Alfredo Guzmán Rincón & Merlin Patricia Grueso Hinestroza, 2024. "Predictive Variables of Organisational Performance in Creative Industry Companies from the Perspective of Managers: Experiences in SMEs," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 33(3), pages 485-516, August.
    • Handle: RePEc:sae:jouent:v:33:y:2024:i:3:p:485-516
    DOI: 10.1177/09713557241281799
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/09713557241281799
    Download Restriction: no
    File URL: https://libkey.io/10.1177/09713557241281799?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
    ---><---

    References listed on IDEAS

    as
    1. Aimilia Protogerou & Alexandra Kontolaimou & Yannis Caloghirou, 2017. "Innovation in the European creative industries: a firm-level empirical approach," Industry and Innovation, Taylor & Francis Journals, vol. 24(6), pages 587-612, August.
    2. Rosaria Ferlito & Rosario Faraci, 2022. "Business model innovation for sustainability: a new framework," Innovation & Management Review, Emerald Group Publishing Limited, vol. 19(3), pages 222-236, March.
    3. Ebbers, Joris J. & Wijnberg, Nachoem M., 2012. "Nascent ventures competing for start-up capital: Matching reputations and investors," Journal of Business Venturing, Elsevier, vol. 27(3), pages 372-384.
    4. Allyson Stokes, 2021. "Masters of None? How Cultural Workers Use Reframing to Achieve Legitimacy in Portfolio Careers," Work, Employment & Society, British Sociological Association, vol. 35(2), pages 350-368, April.
    5. Barbara Slavich & Fabrizio Castellucci, 2016. "Wishing Upon a Star: How apprentice-master similarity, status and career stage affect critics' evaluations of former apprentices in the haute cuisine industry," Post-Print hal-01563007, HAL.
    6. Jiménez-Jiménez, Daniel & Sanz-Valle, Raquel, 2011. "Innovation, organizational learning, and performance," Journal of Business Research, Elsevier, vol. 64(4), pages 408-417, April.
    7. Francisco Benita, 2019. "On the performance of creative industries: Evidence from Mexican metropolitan areas," Papers in Regional Science, Wiley Blackwell, vol. 98(2), pages 825-842, April.
    8. Izabella Szakálné Kanó & Zsófia Vas & Slávka Klasová, 2023. "Emerging Synergies in Innovation Systems: Creative Industries in Central Europe," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(1), pages 450-471, March.
    9. Leydesdorff, Loet & Dolfsma, Wilfred & Van der Panne, Gerben, 2006. "Measuring the knowledge base of an economy in terms of triple-helix relations among 'technology, organization, and territory'," Research Policy, Elsevier, vol. 35(2), pages 181-199, March.
    10. Giuseppe Delmestri & Fabrizio Montanari & Alessandro Usai, 2005. "Reputation and Strength of Ties in Predicting Commercial Success and Artistic Merit of Independents in the Italian Feature Film Industry," Journal of Management Studies, Wiley Blackwell, vol. 42(5), pages 975-1002, July.
    11. Lengyel, Balázs & Leydesdorff, Loet, 2015. "The Effects of FDI on Innovation Systems in Hungarian Regions: Where is the Synergy Generated?," MPRA Paper 73945, University Library of Munich, Germany.
    12. Evi Susanti & Rita Yuni Mulyanti & Lela Nurlaela Wati, 2023. "MSMEs performance and competitive advantage: Evidence from women’s MSMEs in Indonesia," Cogent Business & Management, Taylor & Francis Journals, vol. 10(2), pages 2239423-223, December.
    13. Fadi Alkaraan & Mahmoud Elmarzouky & Khaled Hussainey & V. G. Venkatesh & Yangyan Shi & Nadia Gulko, 2024. "Reinforcing green business strategies with Industry 4.0 and governance towards sustainability: Natural‐resource‐based view and dynamic capability," Business Strategy and the Environment, Wiley Blackwell, vol. 33(4), pages 3588-3606, May.
    14. Joseph Lampel & Jamal Shamsie, 2003. "Capabilities in Motion: New Organizational Forms and the Reshaping of the Hollywood Movie Industry," Journal of Management Studies, Wiley Blackwell, vol. 40(8), pages 2189-2210, December.
    15. M. Ishaq Bhatti & H. Awan & Z. Razaq, 2014. "The key performance indicators (KPIs) and their impact on overall organizational performance," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(6), pages 3127-3143, November.
    16. Paulin Gohoungodji & Nabil Amara, 2023. "Art of innovating in the arts: definitions, determinants, and mode of innovation in creative industries, a systematic review," Review of Managerial Science, Springer, vol. 17(8), pages 2685-2725, November.
    17. Thom, Marco, 2016. "Crucial skills for the entrepreneurial success of fine artists," Working Papers 01/16, Institut für Mittelstandsforschung (IfM) Bonn.
    18. Ali, Raza & Lynch, Richard & Melewar, T.C. & Jin, Zhongqi, 2015. "The moderating influences on the relationship of corporate reputation with its antecedents and consequences: A meta-analytic review," Journal of Business Research, Elsevier, vol. 68(5), pages 1105-1117.
    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. Wu, Yuanyuan & Wu, Shikui, 2016. "Managing ambidexterity in creative industries: A survey," Journal of Business Research, Elsevier, vol. 69(7), pages 2388-2396.
    2. Storz, Cornelia & Riboldazzi, Federico & John, Moritz, 2015. "Mobility and innovation: A cross-country comparison in the video games industry," Research Policy, Elsevier, vol. 44(1), pages 121-137.
    3. Allègre Hadida, 2010. "Commercial success and artistic recognition of motion picture projects," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 34(1), pages 45-80, February.
    4. Brinja Meiseberg & Thomas Ehrmann, 2013. "Diversity in teams and the success of cultural products," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 37(1), pages 61-86, February.
    5. Izabella Szakálné Kanó & Zsófia Vas & Slávka Klasová, 2023. "Emerging Synergies in Innovation Systems: Creative Industries in Central Europe," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(1), pages 450-471, March.
    6. repec:hig:wpaper:98sti2019 is not listed on IDEAS
    7. Cheng, Cheng-Feng & Chang, Man-Ling & Li, Chu-Shiu, 2013. "Configural paths to successful product innovation," Journal of Business Research, Elsevier, vol. 66(12), pages 2561-2573.
    8. Algarni, Mohammad A. & Ali, Murad & Leal-Rodríguez, Antonio L. & Albort-Morant, Gema, 2023. "The differential effects of potential and realized absorptive capacity on imitation and innovation strategies, and its impact on sustained competitive advantage," Journal of Business Research, Elsevier, vol. 158(C).
    9. Yu-Muo Lee & Jin-Li Hu, 2018. "Integrated Approaches for Business Sustainability: The Perspective of Corporate Social Responsibility," Sustainability, MDPI, vol. 10(7), pages 1-20, July.
    10. Tan Yigitcanlar & Ingi Runar Edvardsson & Hjalti Johannesson & Md Kamruzzaman & Giuseppe Ioppolo & Surabhi Pancholi, 2017. "Knowledge-based development dynamics in less favoured regions: insights from Australian and Icelandic university towns," European Planning Studies, Taylor & Francis Journals, vol. 25(12), pages 2272-2292, December.
    11. Dimitrios Kafetzopoulos & Evangelos Psomas, 2016. "ORGANISATIONAL LEARNING, NON-TECHNICAL INNOVATION AND CUSTOMER SATISFACTION OF SMEs," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 20(03), pages 1-28, April.
    12. Paulin Gohoungodji & Nabil Amara, 2023. "Art of innovating in the arts: definitions, determinants, and mode of innovation in creative industries, a systematic review," Review of Managerial Science, Springer, vol. 17(8), pages 2685-2725, November.
    13. Park, Han Woo & Leydesdorff, Loet, 2010. "Longitudinal trends in networks of university-industry-government relations in South Korea: The role of programmatic incentives," Research Policy, Elsevier, vol. 39(5), pages 640-649, June.
    14. Abecassis-Moedas, Celine & Sguera, Francesco & Ettlie, John E., 2016. "Observe, innovate, succeed: A learning perspective on innovation and the performance of entrepreneurial chefs," Journal of Business Research, Elsevier, vol. 69(8), pages 2840-2848.
    15. Kim, Younghwan & Kim, Wonjoon & Yang, Taeyong, 2012. "The effect of the triple helix system and habitat on regional entrepreneurship: Empirical evidence from the U.S," Research Policy, Elsevier, vol. 41(1), pages 154-166.
    16. Rojas-de-Gracia, María-Mercedes & Casado-Molina, Ana-María & Alarcón-Urbistondo, Pilar, 2021. "Relationship between reputational aspects of companies and their share price in the online environment," Technology in Society, Elsevier, vol. 64(C).
    17. Wang, David Han-Min & Yu, Tiffany Hui-Kuang & Chiang, Chia-Hsin, 2016. "Exploring the value relevance of corporate reputation: A fuzzy-set qualitative comparative analysis," Journal of Business Research, Elsevier, vol. 69(4), pages 1329-1332.
    18. Ranga, Marina & Hoareau, Cecile & Durazzi, Niccolo & Etzkowitz, Henry & Marcucci, Pamela & Usher, Alex, 2013. "Study on university-business cooperation in the US," LSE Research Online Documents on Economics 55424, London School of Economics and Political Science, LSE Library.
    19. Miklós Antal & Ardjan Gazheli & Jeroen C.J.M. van den Bergh, 2012. "Behavioural Foundations of Sustainability Transitions. WWWforEurope Working Paper No. 3," WIFO Studies, WIFO, number 46424, January.
    20. Vicente Lima Crisóstomo & Priscila Azevedo Prudêncio & Isac Freitas Brandão, 2023. "Corporate Reputation in Brazil: The Effects of the Shareholding Control Configuration, Corporate Governance, and Corporate Social Responsibility," Corporate Reputation Review, Palgrave Macmillan, vol. 26(4), pages 243-263, November.
    21. Wilfred Dolfsma & Gerben Velde, 2014. "Industry innovativeness, firm size, and entrepreneurship: Schumpeter Mark III?," Journal of Evolutionary Economics, Springer, vol. 24(4), pages 713-736, September.

    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:sae:jouent:v:33:y:2024:i:3:p:485-516. 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: SAGE Publications (email available below). General contact details of provider: http://www.ediindia.org/ .

    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.