Entrepreneurial Orientation and Innovation success in SMEs

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Type and Duration

FFF-Förderprojekt, June 2018 until May 2020

Coordinator

Chair of Entrepreneurship and Leadership

Main Research

Growth and Complexity

Field of Research

Enterprise

Description

Innovation success typically leads to company success. That is, firms that successfully create and launch innovations often grow in terms of revenues, profits, and head count. Societies benefit not only from new products and services, but also from new jobs, as created through innovating firms. Thus, innovation success potentially leads to increased societal wealth. However, the question arises: What factors help companies to become successful innovators? Research shows that antecedents such as Entrepreneurial Orientation, Customer Orientation, or networking activities between firms and their stakeholders have an important impact on innovation success. This is particularly true for small and medium enterprises (SMEs) that often lack crucial resources that enable them to innovate. Therefore, in this study, we analye how strategic orientations and resource-leveraging capabilities enable innovation success.

Keywords

Entrepreneurship, SME, Innovation, Innovation for SMEs

Principal Investigator

Sponsor

  • Forschungsförderungsfonds der Universität Liechtenstein