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SME development strategy and product/service innovation intention: a NCaRBS analysis of the role of uncertainty

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Small and medium sized enterprises (SME) are tasked with driving economic recovery globally, in terms of contribution to economic growth. Understanding the determinants of SME innovation is essential in clarifying this phenomena. This study investigates the link between SME strategies and intention to undertake future innovation, using Federation of Small Businesses data. The analysis employs the novel N-State Classification and Ranking Belief Simplex (NCaRBS) technique, investigating relationships between changes in SME strategies, including Staffing Levels, Importing/Exporting and Client Base, and future (including uncertain) innovation intentions. NCaRBS can analyse an incomplete data set, with missing values in the considered characteristic variables, without the need to manage their presence. NCaRBS can also generate results providing insights into SME behaviour regarding strategy and innovation, whilst also increasing learning about potential reasons behind SMEs uncertainty regarding innovation intention. The study provides novel perspectives into how SMEs develop innovation intentions and the strategies required to support/exploit such intentions, of value to academia, enterprise support agencies and policy makers.
Original languageEnglish
Pages (from-to)3-16
Number of pages14
JournalThe International Journal of Entrepreneurship and Innovation
Volume21
Issue number1
Early online date18 Oct 2018
DOIs
Publication statusPublished - 1 Feb 2020

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  • PICKERNELL_2018_cright_IJEI_SME Development Strategy and Product-Service Innovation Intention

    Rights statement: Beynon, M. J., Jones, P. & Pickernell, D. 'SME Development Strategy and Product / Service Innovation Intention: a NCaRBS Analysis of the role of uncertainty'. The International Journal of Entrepreneurship and Innovation. Vol. 21(1) pp.3-16. Copyright © 2018 The Authors. DOI: 10.1177/1465750318807401.

    Accepted author manuscript (Post-print), 895 KB, PDF document

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