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The Influence Prism in SMEs: The Power of CEOs' Perceptions on Technology Policy and Its Organizational Impacts

Author

Listed:
  • Élisabeth Lefebvre
  • Louis A. Lefebvre
  • R. Mason

Abstract

This study examines a group of SMEs operating in the same industrial sector but with policies, strategies, and practices that differ significantly. An integrated framework is presented whose predictor variables comprise the Strategic Orientations of Business Enterprise (STROBE), structural characteristics and process, while the dependent variable relates to technology policy, the moderator variables to perceptions of the external environment, the predicted variables to realized innovative efforts (RIE), and the outcome variables to organizational performance. Analyses of data from 84 SMEs demonstrate substantial support for the framework and reveal the strong moderating influence of perceived environment on the relationship between predictor variables and technology policy and technology policy and RIE. The findings show a weak relationship between RIE and financial performance but a stronger relationship between RIE and export performance. The results illustrate quite convincingly that perceived environment is a crucial aspect in determining technology policy and subsequent RIE, both of which represent important dimensions in the strategic management of technology. This paper therefore stresses the need for better knowledge of how managers and executives form their perceptions of the environment. This knowledge can be crucial to understanding how strategic management of technology is enacted in SMEs. Cette étude examine la relation entre la politique technologique et l'orientation stratégique de l'entreprise en tenant compte de l'effet modérateur de la perception de l'environnement sur la performance ultime de l'entreprise. L'étude fut réalisée dans un échantillon contrôlé de 84 petites et moyennes entreprises. Les résultats suggèrent que la perception des dirigeants d'entreprises de l'environnement dans lequel ils opèrent est une dimension essentielle de la stratégie technologique poursuivie par une firme.

Suggested Citation

  • Élisabeth Lefebvre & Louis A. Lefebvre & R. Mason, 1994. "The Influence Prism in SMEs: The Power of CEOs' Perceptions on Technology Policy and Its Organizational Impacts," CIRANO Working Papers 94s-04, CIRANO.
    • Handle: RePEc:cir:cirwor:94s-04
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    File URL: https://cirano.qc.ca/files/publications/94s-04.pdf
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    Citations

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    Cited by:

    1. Élisabeth Lefebvre & Louis A. Lefebvre & Lise Préfontaine, 1996. "Technological Learning and Organizational Context: Fit and Performance in SMEs," CIRANO Working Papers 96s-32, CIRANO.
    2. Thong, James Y. L., 2001. "Resource constraints and information systems implementation in Singaporean small businesses," Omega, Elsevier, vol. 29(2), pages 143-156, April.
    3. Souitaris, Vangelis, 2002. "Technological trajectories as moderators of firm-level determinants of innovation," Research Policy, Elsevier, vol. 31(6), pages 877-898, August.
    4. Arend, Richard J. & Wisner, Joel D., 2005. "Small business and supply chain management: is there a fit?," Journal of Business Venturing, Elsevier, vol. 20(3), pages 403-436, May.
    5. Kleanthis K. Katsaros & Athanasios N. Tsirikas & Sofia-Maria N. Bani, 2014. "CEOs’ Attitudes to Change, Strategic Flexibility and Organizational Performance in Greek ICT Industry," International Journal of Management Sciences, Research Academy of Social Sciences, vol. 4(12), pages 567-581.
    6. Spanos, Yiannis E. & Voudouris, Irini, 2009. "Antecedents and trajectories of AMT adoption: The case of Greek manufacturing SMEs," Research Policy, Elsevier, vol. 38(1), pages 144-155, February.
    7. Sali Li & William Schulze & Zhineng Li, 2009. "Plunging into the sea, again? A study of serial entrepreneurship in China," Asia Pacific Journal of Management, Springer, vol. 26(4), pages 667-680, December.
    8. Alexander Cobham, "undated". "The Financing and Technology Decisions of SMEs: I. Finance as a Determinant of Investment," QEH Working Papers qehwps24, Queen Elizabeth House, University of Oxford.
    9. Schnell, Mirko C.A., 2005. "Perception of airline industry structure by regulators and managers," Transport Policy, Elsevier, vol. 12(3), pages 221-234, May.

    More about this item

    Keywords

    Technological policy ; Strategic orientation ; Environment ; Technological strategy ; SME; Politique technologique ; Orientation stratégique ; Environnement ; Stratégie technologique ; PME;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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