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Barriers to technological innovation in SMEs : quantitative analysis of investment barriers and strategic decisions

Mecking, Stan (2024) Barriers to technological innovation in SMEs : quantitative analysis of investment barriers and strategic decisions.

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Abstract:This research paper investigates which factors constrain SMEs from investing in technological innovations, addressing the research question: what factors constrain SMEs from investing in technological innovation? The aim of this study is to identify which factors prevent SMEs from investing in technological innovations. This was done using a quantitative research method in the form of a survey in which 80 SMEs participated. Whether SMEs have encountered barriers to investing in technological innovations in the past was used as a benchmark for the dependent variable, the extent to which SMEs invest in technological innovations. The dependent variable was analysed against six independent variables: skilled workers, financial capabilities/resources, lack of information, recognition to innovate, support and cooperation, and policies and regulations. To explore the relationships between these factors and the extent of perceived barriers a statistical analysis has been performed, using both a univariate Spearman rank test and a multivariate test in the form of a logistic regression analysis. Results reveal that while none of the factors in this study demonstrated a statistically significant effect on the extent to which SMEs invest in technological innovations.
Item Type:Essay (Master)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:70 social sciences in general, 83 economics, 85 business administration, organizational science
Programme:Business Administration MSc (60644)
Link to this item:https://purl.utwente.nl/essays/104830
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