Innovation: The Key to Success in Small Firms - ARCHIVED
Articles and reports: 11F0019M1995076
This study examines the differences in strategies and activities pursued by a sample of more-successful and less-successful group of growing small- and medium-sized enterprises. Amongst other matters, it examines different functional strategies -- the importance of management, human resource practices, marketing, financing, and the innovativeness of the firm. Innovative activities are the most important determinants of success; that is, for a wide range of industries, they serve to discriminate between the more- and the less-successful firms better than any other variable. Almost all of the strategy questions that relate to innovative activity receive higher scores from the more-successful group of firms than from the less-successful group of firms. This is also the case for innovative activities -- whether a firm possesses an R&D unit, its expenditure on R&D relative to total investment, and its R&D-to-sales ratio.
Main Product: Analytical Studies Branch Research Paper Series
Format | Release date | More information |
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February 28, 1995 |
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Reference
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Subjects and keywords
Subjects
Keywords
- Analytical products
- Business growth strategies
- Competitiveness
- Customer service
- Customers
- Employee training
- Financial assistance
- Government funding
- Growth rates
- Human resources
- Industrial innovations
- Innovation
- Marketing
- Medium-sized enterprises
- Research and development
- Sales
- Surveys
- Technological change
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