INNOVATION CAPACITIES AS THE KEY TO SURVIVAL – A CASE STUDY IN SERBIA
Ivana Vučetić - Innovation Center of the Faculty of Mechanical Engineering in Belgrade, 16 Kraljice Marije Street, 11000 Belgrade,
Serbia
Snežana Kirin - Innovation Center of the Faculty of Mechanical Engineering in Belgrade, 16 Kraljice Marije Street, 11000 Belgrade,
Serbia
DOI: https://doi.org/10.31410/Balkans.JETSS.2022.5.2.115-124
Ivana Vučetić - Innovation Center of the Faculty of Mechanical Engineering in Belgrade, 16 Kraljice Marije Street, 11000 Belgrade,
Serbia
Snežana Kirin - Innovation Center of the Faculty of Mechanical Engineering in Belgrade, 16 Kraljice Marije Street, 11000 Belgrade,
Serbia
DOI: https://doi.org/10.31410/Balkans.JETSS.2022.5.2.115-124
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Balkans Journal of Emerging Trends in Social Sciences, (2022) , Vol 5, No 2
ISSN: 2620-164X |
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Abstract: The innovation of companies is of vital importance because it allows them to penetrate markets and provides better connections with emerging markets, which can lead to greater opportunities. Measuring innovation is an important activity both for theoretical and practical tests. This paper presents research on the innovation capacities of small and medium enterprises in Serbia according to the model consisting of 21 dimensions. The observed sample consists of 106 companies, of different sizes, whose activities are grouped into production and service activities. Similarities and differences in the innovative capacities of companies concerning their activity and in relation to their size were analyzed. The results of the research indicate the main problems that small and medium-sized enterprises are facing in order to improve their innovative capacities such as the market horizon, inadequate management systems, short-term planning, and insufficient connectivity with partners and academia.
Keywords: Innovation, Innovation capacities, Attitude towards change.
JEL Classification O33 · L16
Keywords: Innovation, Innovation capacities, Attitude towards change.
JEL Classification O33 · L16
REFERENCES
Andrijauskiene, M., Dumciuviene, D., & Vasauskaite, J. (2021). Redeveloping the National Innovative Capacity Framework: European Union Perspective. Economies, 9(4), 201. https://doi.org/10.3390/economies9040201
Cvetanović, S., Panić, A. A., & Kostić, A. (2021). National Innovation Capacity and Economic Progress of Countries. Economic Themes, 59(3), 297-314. https://doi.org/10.2478/ethemes-2021-0017
Idewele, I. O. E., Andah, R. A., & Ridwan, M. (2021). The Effect of Enterprise on Managerial Innovation Capacity. Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences, 4(2), 2643-2657. https://doi.org/10.33258/birci.v4i2.1971
Lukjanska, R. (2010). Innovation capacity – problems and solutions for successful development, in: Research for Rural Development 2010: Annual 16th International Scientific Conference Proceedings, pp. 42-48, Vol. 2.
Mogashoa, M. M., & Selebi, O. (2021). Innovation capacity: A perspective on innovation capabilities of consulting engineering firms. The Southern African Journal of Entrepreneurship and Small Business Management, 13(1). https://doi.org/10.4102/sajesbm.v13i1.372
Neely, A., & Hii, J. (2014). The Innovative Capacity of Firms. Nang Yan Business Journal, 1(1), 47-53. https://doi.org/10.2478/nybj-2014-0007
Sancho-Zamora, R., Gutiérrez-Broncano, S., Hernández-Perlines, F., & Peña-García, I. (2021). A Multidimensional Study of Absorptive Capacity and Innovation Capacity and Their Impact on Business Performance. Frontiers in Psychology, 12. https://doi.org/10.3389/
fpsyg.2021.751997
Schramm, L. (2017). Technological Innovation. https://doi.org/10.1515/9783110429190
Silva, S. B., da. (2021). Improving the firm innovation capacity through the adoption of standardized innovation management systems: a comparative analysis of the ISO 56002:2019 with the literature on firm innovation capacity. International Journal of Innovation, 9(2), 389-413. https://doi.org/10.5585/iji.v9i2.19273
Walter, C. E., Ferreira Polónia, D., Au-Yong-Oliveira, M., Miranda Veloso, C., Santos Leite, R. Â., & Aragão, I. (2021). Drivers of Innovation Capacity and Consequences for Open Innovation. Journal of Open Innovation: Technology, Market, and Complexity, 7(2), 140. https://
doi.org/10.3390/joitmc7020140
REFERENCES
Andrijauskiene, M., Dumciuviene, D., & Vasauskaite, J. (2021). Redeveloping the National Innovative Capacity Framework: European Union Perspective. Economies, 9(4), 201. https://doi.org/10.3390/economies9040201
Cvetanović, S., Panić, A. A., & Kostić, A. (2021). National Innovation Capacity and Economic Progress of Countries. Economic Themes, 59(3), 297-314. https://doi.org/10.2478/ethemes-2021-0017
Idewele, I. O. E., Andah, R. A., & Ridwan, M. (2021). The Effect of Enterprise on Managerial Innovation Capacity. Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences, 4(2), 2643-2657. https://doi.org/10.33258/birci.v4i2.1971
Lukjanska, R. (2010). Innovation capacity – problems and solutions for successful development, in: Research for Rural Development 2010: Annual 16th International Scientific Conference Proceedings, pp. 42-48, Vol. 2.
Mogashoa, M. M., & Selebi, O. (2021). Innovation capacity: A perspective on innovation capabilities of consulting engineering firms. The Southern African Journal of Entrepreneurship and Small Business Management, 13(1). https://doi.org/10.4102/sajesbm.v13i1.372
Neely, A., & Hii, J. (2014). The Innovative Capacity of Firms. Nang Yan Business Journal, 1(1), 47-53. https://doi.org/10.2478/nybj-2014-0007
Sancho-Zamora, R., Gutiérrez-Broncano, S., Hernández-Perlines, F., & Peña-García, I. (2021). A Multidimensional Study of Absorptive Capacity and Innovation Capacity and Their Impact on Business Performance. Frontiers in Psychology, 12. https://doi.org/10.3389/
fpsyg.2021.751997
Schramm, L. (2017). Technological Innovation. https://doi.org/10.1515/9783110429190
Silva, S. B., da. (2021). Improving the firm innovation capacity through the adoption of standardized innovation management systems: a comparative analysis of the ISO 56002:2019 with the literature on firm innovation capacity. International Journal of Innovation, 9(2), 389-413. https://doi.org/10.5585/iji.v9i2.19273
Walter, C. E., Ferreira Polónia, D., Au-Yong-Oliveira, M., Miranda Veloso, C., Santos Leite, R. Â., & Aragão, I. (2021). Drivers of Innovation Capacity and Consequences for Open Innovation. Journal of Open Innovation: Technology, Market, and Complexity, 7(2), 140. https://
doi.org/10.3390/joitmc7020140
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179 Ustanicka St, 11000 Belgrade, Republic of Serbia
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www.udekom.org.rs
- UdEkoM Balkan -
179 Ustanicka St, 11000 Belgrade, Republic of Serbia
E-mail: office@udekom.org.rs
www.udekom.org.rs
Tel. +381 62 812 5779
VAT number: 108747027
Registration number.: 28157347
Registration number.: 28157347