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SME innovation and the crucial role of the entrepreneur

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  • Masurel, E.

    (Vrije Universiteit Amsterdam, Faculteit der Economische Wetenschappen en Econometrie (Free University Amsterdam, Faculty of Economics Sciences, Business Administration and Economitrics)

  • Montfort, K. van
  • Lentink, R.

Abstract

In this paper we examine the perceptions of entrepreneurs and other concerned individuals: which factors do they consider critical for success in the innovation process? From the perspective of the respondents, the entrepreneur is the most important factor in the innovation process. Internal aspects dominate not only the list of success factors but also the top of the list. Extemal aspects appear only in the third and even the fourth clusters. A few aspects are believed to be more important for the manufacturing sector than for the service sector. These are unique product advantages, marketing activities, pre-development, competition and collaboration. The subgroups of responding entrepreneurs and non-entrepreneurs revealed hardly any differences. Nor were there many significant scale differences. Statistically, we may conclude that the entrepreneurs do not consider external circumstances very important aspects of innovation success. They have a rather egocentric point of view, in that they place themselves and the internal process on top (which they are in a position to influence). External aspects follow much later. This attitude obviously entails a considerable risk of over-estimation.

Suggested Citation

  • Masurel, E. & Montfort, K. van & Lentink, R., 2003. "SME innovation and the crucial role of the entrepreneur," Serie Research Memoranda 0001, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
  • Handle: RePEc:vua:wpaper:2003-1
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    References listed on IDEAS

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    1. Peter Nijkamp, 2003. "Entrepreneurship in a Modern Network Economy," Regional Studies, Taylor & Francis Journals, vol. 37(4), pages 395-405.
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    3. Orietta Marsili, 2001. "The Anatomy and Evolution of Industries," Books, Edward Elgar Publishing, number 2272.
    4. Huiban, Jean-Pierre & Bouhsina, Zouhair, 1998. "Innovation and the Quality of Labour Factor: An Empirical Investigation in the French Food Industry," Small Business Economics, Springer, vol. 10(4), pages 389-400, June.
    5. John Coopey & Orla Keegan & Nick Emler, 1998. "Managers' Innovations and the Structuration of Organizations," Journal of Management Studies, Wiley Blackwell, vol. 35(3), pages 263-284, May.
    6. Nile W. Hatch & David C. Mowery, 1998. "Process Innovation and Learning by Doing in Semiconductor Manufacturing," Management Science, INFORMS, vol. 44(11-Part-1), pages 1461-1477, November.
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. 14 Most Important Innovation Factors
      by Braden Kelley in Innovation Excellence on 2009-08-08 17:00:00

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    Cited by:

    1. Vladimirov, Zhelyu & Simeonova-Ganeva, Ralitsa & Ganev, Kaloyan, 2012. "Interaction of leading and supporting factors for the SME competitiveness," MPRA Paper 37251, University Library of Munich, Germany.
    2. Vladimirov, Zhelyu & Simeonova-Ganeva, Ralitsa & Ganev, Kaloyan, 2013. "Significance of globalization-specific factors for SME competitiveness: a conceptual model and an empirical test," MPRA Paper 63518, University Library of Munich, Germany.
    3. Marín, Alejandra & Laureiro, Daniela & Forero, Clemente, 2007. "Innovation patterns and intellectual property in SMEs of a developing country," Galeras. Working Papers Series 017, Universidad de Los Andes. Facultad de Administración. School of Management.

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    More about this item

    Keywords

    SME; Innovation; Entrepreneurs;
    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

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