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Overcoming Failure: Abandonments and Delays of Innovation Projects in SMEs

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  • Sonja Radas
  • Ljiljana Bozic

Abstract

Innovation development is a very complex and risky activity that requires adequate financial resources and appropriate skills and knowledge. Due to the complexity of the development process, innovation project can be either delayed or abandoned. In this paper we investigate factors that make it possible for small and medium enterprises (SME) that experienced delays or abandonment to continue innovating. While in SMEs weak resources and capabilities contribute to occurrence of development problems, this study suggests that SMEs can enhance their efficiency to produce innovative output by improving their capabilities (external or internal). These capabilities augment the value of resources and can be acquired through external collaboration, non-technological innovation or former innovations. These capabilities have larger effect on the development of new services than on new products.

Suggested Citation

  • Sonja Radas & Ljiljana Bozic, 2012. "Overcoming Failure: Abandonments and Delays of Innovation Projects in SMEs," Industry and Innovation, Taylor & Francis Journals, vol. 19(8), pages 649-669, November.
    • Handle: RePEc:taf:indinn:v:19:y:2012:i:8:p:649-669
    DOI: 10.1080/13662716.2012.739769
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Appio, Francesco Paolo & Capo, Francesca & Annosi, Maria Carmela, 2024. "Not all (innovation) failures are created equal: A typology of companies’ responses to the consequences of innovation failure," Technovation, Elsevier, vol. 130(C).
    2. Kristof Van Criekingen & Mark Freel & Dirk Czarnitzki, 2021. "Open innovation deficiency: Evidence on project abandonment and delay," Working Papers of Department of Management, Strategy and Innovation, Leuven 668283, KU Leuven, Faculty of Economics and Business (FEB), Department of Management, Strategy and Innovation, Leuven.
    3. TEKAM OUMBE, Honoré & PILAG KAKEU, Charles Bertin & Miamo Wendji, Clovis, 2019. "Impact de la qualité du capital humain sur la capacité d’innovation des PME : application sur un pays en développement [Impact of quality of human capital on the innovation capacity of SMEs: applic," MPRA Paper 92380, University Library of Munich, Germany.
    4. Enrico Guzzini & Donato Iacobucci, 2017. "Project failures and innovation performance in university–firm collaborations," The Journal of Technology Transfer, Springer, vol. 42(4), pages 865-883, August.
    5. Edmundo Escrivão Filho & Alexandre Farias Albuquerque & Marcelo Seido Nagano & Luiz Adalberto Philippsen Junior & Jair de Oliveira, 2017. "Identifying SME mortality factors in the life cycle stages: an empirical approach of relevant factors for small business owner-managers in Brazil," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 7(1), pages 1-15, December.
    6. Leoncini, Riccardo, 2016. "Learning-by-failing. An empirical exercise on CIS data," Research Policy, Elsevier, vol. 45(2), pages 376-386.
    7. Baxter, David & Trott, Paul & Ellwood, Paul, 2023. "Reconceptualising innovation failure," Research Policy, Elsevier, vol. 52(7).
    8. Enrico Guzzini & Donato Iacobucci, 2014. "The dark side of R&D collaborations," Working Papers 1405, c.MET-05 - Centro Interuniversitario di Economia Applicata alle Politiche per L'industria, lo Sviluppo locale e l'Internazionalizzazione.

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