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Managing Innovation in a Globalised Economy: Defining the Open Capital
University of Gothenburg, Sweden.
The Richard Stockton College of New Jersey, USA.
University of Gothenburg, Sweden.
2009 (English)In: World Sustainable Development Outlook 2009. The Impact of the Global Financial Crisis on the Environment, Energy and Sustainable Development / [ed] Allam Ahmed, World Association for Sustainable Development , 2009, 287-294 p.Chapter in book (Refereed)
Abstract [en]

Economies develop different levels of entrepreneurial capacity depending on the degree of availability of tangible as well as intangible resources. In an earlier work by Abouzeedan and Busler (2006), a new type of capital, that is, innovation capital, has been suggested to serve as an indicator for the degree of richness of the entrepreneurial environment in an economy. Innovation capital incorporates the concepts of human capital, financial capital and system capital. However, the issue of accessibility and openness in the innovation process also need to be reflected in the innovation capital concept. Innovation activities in the modern economies are growing to become more interconnected and open in their nature. In this paper, we defined and incorporated a new component within the innovation capital, namely open capital. We also reflected on how the four components of the innovation capital concept, including the open capital, are interconnected.

Place, publisher, year, edition, pages
World Association for Sustainable Development , 2009. 287-294 p.
Keyword [en]
Open Capital, Human Capital, Financial Capital, System Capital, Innovation Capital, Open Innovation, Open Innovation Management
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:liu:diva-71344ISBN: 978-1-907106-05-7 (print)OAI: oai:DiVA.org:liu-71344DiVA: diva2:447504
Available from: 2011-10-12 Created: 2011-10-12 Last updated: 2011-11-21Bibliographically approved
In thesis
1. SME Performance and Its Relationship to Innovation
Open this publication in new window or tab >>SME Performance and Its Relationship to Innovation
2011 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

Current SME performance models suffer from a number of disadvantages. The models use intensively a business ratio approach, they look at SMEs as a homogenous group, they consider firms to be closed systems, they do not directly incorporate the impact of an enterprise’s innovation activities, and finally they are complex and rely on sophisticated statistical refining methods making them unpractical to use by SME managers. There are four major challenges when one tries to build SME performance models that lack these deficiencies. The first challenge is that the desired performance evaluation model must optimally incorporate both quantitative and qualitative input. The second challenge is that the model must incorporate non-financial input parameters, such as firm size and age (among others), in the performance evaluation models. The third is that the model must consider the variety of SMEs as concerns their business sectors, nationalities, sizes, and ages. The final challenge is that the model must be able to utilize existing limited information available from the SMEs bookkeeping practices in an optimal way.

The thesis addresses three questions related to constructing a better SMEperformance model, namely (1) What are the advantages and disadvantages of the existing models used in evaluating SME performance? (2) What characterizes a comprehensive model for measuring SME performance with acknowledgement of the firm’s innovation activities? (3) How can a firm’s innovation activities be enhanced in relation to the firm’s external environment?

To construct a model that copes with these challenges, I used a literature-based selection of parameters as well as a theory-based selection. I used both a conceptual approach and an empirical approach to discuss and propose a model, the Survival Index Value (or SIV) model, as an alternative to the existing performance models for SMEs.

The major contributions of this thesis to the field of SME performance can be summarized in three outcomes: the SIV model as a new model of SME performance evaluation, the ASPEM as a new tool for strategic utilization of SME performance models, and a new approach to account for innovation in relation to the external environment of the firm using the IBAM tool.

The work adds to the theory of the firm, as it presents a new way of evaluating firm performance. It also contributes to bridging the theory of the firm to organizational theory, by elevating the significance of networking and its impact on SME efficiency.

Place, publisher, year, edition, pages
Linköping: Linköping University Electronic Press, 2011. 127 p.
Series
Linköping Studies in Science and Technology. Dissertations, ISSN 0345-7524 ; 1364
Keyword
SME performance, performance evaluation, firm efficiency, SIV model, innovation capital, system capital, open capital, business models
National Category
Economics and Business
Identifiers
urn:nbn:se:liu:diva-71349 (URN)978-91-7393-219-6 (ISBN)
Public defence
2011-11-28, ACAS, Hus A, Campus Valla, Linköpings universitet, Linköping, 13:15 (English)
Supervisors
Available from: 2011-10-12 Created: 2011-10-12 Last updated: 2016-05-04Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
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