Publication detail

THE IMPACT OF INNOVATION FLEXIBILITY ON INNOVATION PERFORMANCE IN SMALL AND MEDIUM MANUFACTURING COMPANIES

KAŇOVSKÁ, L. TOMÁŠKOVÁ, E.

Original Title

THE IMPACT OF INNOVATION FLEXIBILITY ON INNOVATION PERFORMANCE IN SMALL AND MEDIUM MANUFACTURING COMPANIES

English Title

THE IMPACT OF INNOVATION FLEXIBILITY ON INNOVATION PERFORMANCE IN SMALL AND MEDIUM MANUFACTURING COMPANIES

Type

conference paper

Language

en

Original Abstract

Purpose: Flexibility is important for firms to attain and sustain a competitive advantage. However, innovation is also a crucial aspect that not only manufacturers have to manage when planning their business strategies to build a competitive advantage. This present study investigates the problems of flexibility in manufacturing companies via different points of view among electrical engineering companies in the Czech Republic. The aim of this paper is to identify the impact of innovative flexibility on innovation performance by small and mediumsized manufacturing companies. Methodology: To fulfill the research objective, a questionnaire in the form of the Likert scale was prepared to gather information. A total of 112 SMEs from the Czech Republic participated in the survey from July to October 2019. This is the first empirical research focused on this area held among electrical engineering companies in the Czech Republic. Findings: Innovative flexibility is positively associated with innovation performance in small and medium manufacturing companies. Research implications: Our study shows a great deal of interesting information related to flexibility in manufacturing companies. The findings of the research contribute to an understanding of the relationship between innovation flexibility and innovation performance. Results of the research show that there is a positive relationship between innovation flexibility in products and innovation performance and innovation flexibility in accompanying services and innovation flexibility as well. Value: This research study provides insights into the complex relationship between innovation flexibility and innovation development. There is still little information concerning understanding of flexibility in manufacturing companies.

English abstract

Purpose: Flexibility is important for firms to attain and sustain a competitive advantage. However, innovation is also a crucial aspect that not only manufacturers have to manage when planning their business strategies to build a competitive advantage. This present study investigates the problems of flexibility in manufacturing companies via different points of view among electrical engineering companies in the Czech Republic. The aim of this paper is to identify the impact of innovative flexibility on innovation performance by small and mediumsized manufacturing companies. Methodology: To fulfill the research objective, a questionnaire in the form of the Likert scale was prepared to gather information. A total of 112 SMEs from the Czech Republic participated in the survey from July to October 2019. This is the first empirical research focused on this area held among electrical engineering companies in the Czech Republic. Findings: Innovative flexibility is positively associated with innovation performance in small and medium manufacturing companies. Research implications: Our study shows a great deal of interesting information related to flexibility in manufacturing companies. The findings of the research contribute to an understanding of the relationship between innovation flexibility and innovation performance. Results of the research show that there is a positive relationship between innovation flexibility in products and innovation performance and innovation flexibility in accompanying services and innovation flexibility as well. Value: This research study provides insights into the complex relationship between innovation flexibility and innovation development. There is still little information concerning understanding of flexibility in manufacturing companies.

Keywords

innovation flexibility, innovation performance, electrical engineering companies, Czech Republic

Released

28.05.2020

Publisher

Vysoká škola ekonomická v Praze, Nakladatelství Oeconomica

Location

Praha

ISBN

978-80-245-2378-1

Book

Innovation Management, Entrepreneurship and Sustainability (IMES 2020)

Pages from

245

Pages to

257

Pages count

13

URL

BibTex


@inproceedings{BUT164441,
  author="Lucie {Kaňovská} and Eva {Tomášková}",
  title="THE IMPACT OF INNOVATION FLEXIBILITY ON INNOVATION PERFORMANCE IN SMALL AND MEDIUM
MANUFACTURING COMPANIES",
  annote="Purpose: Flexibility is important for firms to attain and sustain a competitive advantage.
However, innovation is also a crucial aspect that not only manufacturers have to manage when
planning their business strategies to build a competitive advantage. This present study
investigates the problems of flexibility in manufacturing companies via different points of view
among electrical engineering companies in the Czech Republic. The aim of this paper is to
identify the impact of innovative flexibility on innovation performance by small and mediumsized manufacturing companies.
Methodology: To fulfill the research objective, a questionnaire in the form of the Likert scale
was prepared to gather information. A total of 112 SMEs from the Czech Republic participated
in the survey from July to October 2019. This is the first empirical research focused on this area
held among electrical engineering companies in the Czech Republic.
Findings: Innovative flexibility is positively associated with innovation performance in small
and medium manufacturing companies.
Research implications: Our study shows a great deal of interesting information related to
flexibility in manufacturing companies. The findings of the research contribute to an
understanding of the relationship between innovation flexibility and innovation performance.
Results of the research show that there is a positive relationship between innovation flexibility
in products and innovation performance and innovation flexibility in accompanying services
and innovation flexibility as well.
Value: This research study provides insights into the complex relationship between innovation
flexibility and innovation development. There is still little information concerning
understanding of flexibility in manufacturing companies.",
  address="Vysoká škola ekonomická v Praze, Nakladatelství Oeconomica",
  booktitle="Innovation Management, Entrepreneurship and Sustainability (IMES 2020)",
  chapter="164441",
  howpublished="online",
  institution="Vysoká škola ekonomická v Praze, Nakladatelství Oeconomica",
  year="2020",
  month="may",
  pages="245--257",
  publisher="Vysoká škola ekonomická v Praze, Nakladatelství Oeconomica",
  type="conference paper"
}