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Determinants of SMEs’ performance - from business strategy to innovation

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Warianty tytułu
PL
Determinanty wyników MŚP od strategii biznesowej do innowacji
Języki publikacji
EN
Abstrakty
EN
Small and medium enterprises have important contributions to the development of nations. The implementation of a strategy that promotes innovation is vital for business performances. This study aims to predict the impact of business strategy and innovations on the market and financial performances of the business. The online survey was used to collect the data from the managers of manufacturing SMEs of an emerging market, Thailand. A total of 392 valid data set were received from the participants of the study. The partial least square structural equation modeling (PLS-SEM) has been used to analyze the data. The results of the study show that business strategy, process, product, and organizational innovations are important antecedents that improve small and medium enterprises performances. However, the results depict that organizational performance has an insignificant effect on firm financial performance. The study contributed to the literature of resource-based view theory and provide useful implications to the managers related to business strategy and innovations that improve market and financial performances of the SMEs in the emerging markets.
PL
Małe i średnie przedsiębiorstwa mają istotny wkład w rozwój narodów. Wdrożenie strategii promującej innowacyjność ma kluczowe znaczenie dla wyników biznesowych. Niniejsze badanie ma na celu przewidzenie wpływu strategii biznesowej i innowacji na wyniki rynkowe i finansowe przedsiębiorstwa. . Ankieta internetowa została wykorzystana do zebrania danych od menedżerów MŚP produkcyjnych na rynku wschodzącym w Tajlandii. Od uczestników badania otrzymano łącznie 392 aktualne zestawy danych. Do analizy danych wykorzystano modelowanie cząstkowych równań strukturalnych metodą najmniejszych kwadratów (PLS-SEM). Wyniki badania pokazują, że innowacje w zakresie strategii biznesowej, procesów, produktów i organizacji są ważnymi poprzednikami poprawiającymi wyniki małych i średnich przedsiębiorstw. Wyniki pokazują jednak, że wyniki organizacyjne mają nieznaczny wpływ na wyniki finansowe firmy. Badanie wniosło wkład w literaturę dotyczącą teorii poglądów opartych na zasobach i dostarczyło przydatnych implikacji dla menedżerów związanych ze strategią biznesową i innowacjami, które poprawiają wyniki rynkowe i finansowe MŚP na rynkach wschodzących.
Rocznik
Strony
537--554
Opis fizyczny
Bibliogr. 44 poz., rys., tab.
Twórcy
  • Stamford International University, Bangkok, Thailand
Bibliografia
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  • 6.Bodlaj, M., Kadic-Maglajlic, S. and Vida, I., (2020). Disentangling the impact of different innovation types, financial constraints and geographic diversification on SMEs' export growth. Journal of Business Research, 108, 466-475.
  • 7.Camisón, C., Villar-López, A., (2010). Effect of SMEs’ international experience on foreign intensity and economic performance: the mediating role of internationally exploitable assets and competitive strategy. Journal of Small Business Management, 48(2), 116-151.
  • 8.Chou, S. F., Horng, J. S., Liu, C. H., Huang, Y. C. and Zhang, S. N., (2020). The critical criteria for innovation entrepreneurship of restaurants: Considering the interrelationship effect of human capital and competitive strategy a case study in Taiwan. Journal of Hospitality and Tourism Management, 42, 222-234.
  • 9.Clark, D. N., (2010). Innovation management in SMEs: active innovators in New Zealand. Journal of Small Business & Entrepreneurship, 23(4), 601-619.
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  • 13.Fındık, D., Beyhan, B., (2015). The impact of external collaborations on firm innovation performance: Evidence from Turkey. Procedia-Social and Behavioral Sciences, 195, 1425-1434.
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  • 16.Hair Jr, J. F., Sarstedt, M., Hopkins, L. and Kuppelwieser, V. G., (2014). Partial least squares structural equation modeling (PLS-SEM): An emerging tool in business research. European business review, 26(2), 106-121.
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  • 18.Henseler, J., Hubona, G. and Ray, P. A., (2015). Using PLS path modeling in new technology research: updated guidelines. Industrial Management & Data Systems, 116(1), 2-20.
  • 19.Hitt, M. A., (2011). Relevance of strategic management theory and research for supply chain management. Journal of Supply Chain Management, 47(1), 9-13.
  • 20.Jones, C., Pimdee, P., (2017). Innovative ideas: Thailand 4.0 and the fourth industrial revolution. Asian International Journal of Social Sciences, 17(1), 4-35.
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  • 22.Karabulut, A. T., (2015). Effects of innovation types on performance of manufacturing firms in Turkey. Procedia-Social and Behavioral Sciences, 195, 1355-1364.
  • 23.Latifah, L., Setiawan, D., Aryani, Y. A. and Rahmawati, R., (2020). Business strategy-MSMEs' performance relationship: innovation and accounting information system as mediators. Journal of Small Business and Enterprise Development, 28(1), 1-21.
  • 24.Makanyeza, C., Dzvuke, G., (2015). The influence of innovation on the performance of small and medium enterprises in Zimbabwe. Journal of African Business, 16(1-2), 198-214.
  • 25.Martínez González, J. A. and Kobylińska, U., (2019). Influence of personal variables on entrepreneurial intention: A comparative study between Poland and Spain. Engineering Management in Production and Services, 11(1), 68-79.
  • 26.Mamman, A., Bawole, J., Agbebi, M. and Alhassan, A. R., (2019). SME policy formulation and implementation in Africa: Unpacking assumptions as opportunity for research direction. Journal of business research, 97, 304-315.
  • 27.Muangmee, C., Dacko-Pikiewicz, Z., Meekaewkunchorn, N., Kassakorn, N. and Khalid, B., (2021). Green Entrepreneurial Orientation and Green Innovation in Small and Medium-Sized Enterprises (SMEs). Social Sciences, 10(4), 136.
  • 28.Nguyen, T. T. N., Luu, T. M. N., (2019). Linking transformational leadership and organizational performance: An empirical investigation of manufacturing firms in Vietnam. Economics & Sociology, 12(2), 170-191.
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  • 33.Shaukat, S., Nawaz, M. S. and Naz, S., (2013). Effects of innovation types on firm performance: An empirical study on Pakistan's manufacturing sector. Pakistan Journal of Commerce and Social Sciences (PJCSS), 7(2), 243-262.
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  • 38.Szłapka, J. O., Stachowiak, A., Batz, A. and Fertsch, M., (2017). The level of innovation in SMEs, the determinants of innovation and their contribution to development of value chains. Procedia Manufacturing, 11, 2203-2210.
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  • 43.Isichei, E. E., Agbaeze, K. E. and Odiba, M. O., (2020). Entrepreneurial orientation and performance in SMEs. International Journal of Emerging Markets, 15(6), 1219-1241.
  • 44.Zhao, X., Sun, B., (2016). The influence of Chinese environmental regulation on corporation innovation and competitiveness. Journal of Cleaner Production, 112, 1528-1536.
Uwagi
Opracowanie rekordu ze środków MEiN, umowa nr SONP/SP/546092/2022 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2022-2023).
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-2bb34611-b764-4ba2-be38-f3c76fa574df
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