IDEAS home Printed from https://ideas.repec.org/a/vrs/poicbe/v15y2021i1p1083-1095n36.html
   My bibliography  Save this article

Framework for assessing innovation capacity and business efficiency in Romanian SMEs

Author

Listed:
  • Onea Ioana Alexandra

    (Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

The purpose of this paper is to provide a new framework for assessing the innovation capacity and efficiency in Romanian small enterprises and start-ups. In this sense, a systematic literature review has been employed in order to obtain a clear understanding of the existing knowledge and to critically evaluate the existing solutions. In addition, considering the European Union objectives regarding innovation and sustainable development, this paper investigates the present situation of Romania by interpreting the official European Commission reports and current research papers. Considering the importance of regional innovation advancement and that of creating economic growth through competitiveness, this paper scrutinizes several concepts from the scientific literature, including regional innovation governance, entrepreneurship and innovation efficiency with the final purpose of developing a framework applicable for Romania. Taking into consideration the relatively low scores of Romanian regions regarding innovativeness and technological advancement, this paper attempts to provide a clearer understanding of the applicable factors that can be used for measuring innovation performance. The proposed framework focuses on the importance of entrepreneurship and the development of new business models in order to efficiently assess the innovative endeavors of enterprises. All things considered, this paper provides both theoretical and managerial contributions and possibility for further investigations addressed at specific Romanian regions and business sectors.

Suggested Citation

  • Onea Ioana Alexandra, 2021. "Framework for assessing innovation capacity and business efficiency in Romanian SMEs," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 15(1), pages 1083-1095, December.
    • Handle: RePEc:vrs:poicbe:v:15:y:2021:i:1:p:1083-1095:n:36
    DOI: 10.2478/picbe-2021-0102
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/picbe-2021-0102
    Download Restriction: no
    File URL: https://libkey.io/10.2478/picbe-2021-0102?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
    ---><---

    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:vrs:poicbe:v:15:y:2021:i:1:p:1083-1095:n:36. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    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.