-
Determinants of Innovation Commercialization Management and Anticipated Returns: An Exploratory Typology of SMEs
September 5, 2014 Editor 0
International Journal of Innovation and Technology Management, Ahead of Print.
This paper explores the effects of firm characteristics on the commercialization management and anticipated innovation returns within small- and medium-sized enterprises (SMEs). Our results suggest that young and small firms tend to be more innovative and have higher expectation for anticipated returns despite their less systematic management. By contrast, medium-sized firms are more likely to formalize their management, yet they have lower anticipated returns. Small equity-financed firms tend to approach a more systematic management of commercialization and anticipate high returns. Mature firms pursue a less systematic approach and anticipate lower returns. Overall, our findings show that firm characteristics such as size, age, R&D level, type of financing, innovation novelty and protection of intellectual properties play a significant role in the commercialization process. Employing an updated typology, this study provides additional insights into the firms’ commercialization management and sheds some light on the owner-managers’ anticipated returns from innovation.
Go to SourceRelated articles across the web
Related Posts
Innovation in tradition-based firms: dynamic knowledge for international competitiveness
Top Innovation Secrets
Product innovation processes and the trade-off between product innovation performance and business performance
Ambitious Innovation
Innovation Enablers- Strong university-industry links key to tapping knowledge-economy spin-offs
The Vital Entrepreneurial Learning Organization: A Corporate Mindset for Entrepreneurial Change Management Is Open Data a goldmine for development?
