MURAL - Maynooth University Research Archive Library



    Innovation Processes: Do They Help or Hinder New Product Development Outcomes in Irish SMEs?


    Robbins, Peter (2016) Innovation Processes: Do They Help or Hinder New Product Development Outcomes in Irish SMEs? Irish Journal of Management, 35 (1). pp. 88-103. ISSN 1649-248X

    [img]
    Preview
    Download (421kB) | Preview


    Share your research

    Twitter Facebook LinkedIn GooglePlus Email more...



    Add this article to your Mendeley library


    Abstract

    Small- and medium-sized enterprises (SMEs) make a considerable contribution to the development and diffusion of innovation as well as accounting for the bulk of economic activity and employment in Ireland. A formal process for managing the stages of innovation projects is generally cited as a key component of best practice in new product development (NPD). Successfully managing innovation is an important business objective for SMEs, and yet, relatively little is known about how innovation-active firms approach innovation and, specifically, whether firms use formal processes to manage their NPD activities. This study of innovation-active Irish SMEs finds that three quarters of firms report that they do not operate a formal innovation process, yet this is not associated with poorer performance in terms of revenues from new products and services; and there are few differences between firms with formal innovation processes and firms with informal innovation process across each stage of the Innovation Value Chain. Having a more formal innovation process is, however, associated with success at bringing novel products to market. This study contributes to our understanding of the management of innovation in SMEs and to the emerging literature on SMEs that has emphasised both the prevalence and the effectiveness of informal management processes.

    Item Type: Article
    Keywords: Innovation; Processes: New Product; Development; Irish SMEs;
    Academic Unit: Faculty of Social Sciences > Design Innovation
    Item ID: 8417
    Identification Number: https://doi.org/10.1515/ijm-2016-0006
    Depositing User: Peter Robbins
    Date Deposited: 05 Jul 2017 10:49
    Journal or Publication Title: Irish Journal of Management
    Publisher: DE GRUYTER OPEN
    Refereed: Yes
    URI:

    Repository Staff Only(login required)

    View Item Item control page

    Downloads

    Downloads per month over past year