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Assessment tool of best practices for SMEs to stimulate incremental and radical innovation

Florijn, R.A.E. (2017) Assessment tool of best practices for SMEs to stimulate incremental and radical innovation.

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Abstract:This research helps to create a better understanding of the concept of innovation by explaining different dimensions that exist and providing examples for every type of innovation. After analyzing the different types of innovation, an innovation pentagon is proposed, which helps both managers and researchers to more effectively categorize different innovations. Radicalness of innovation is chosen as a popular and inclusive dimension of innovation and best practices from previous research to stimulate radical and incremental innovation are described and analyzed, in addition to best practices that stimulate both radical and incremental innovation. The best practices are categorized based on which key process area of innovation they influence and an assessment tool is developed to help managers of SMEs implement effective innovation practices in their organization for the desired type of innovation. The assessment tool uses a maturity model with five levels of sophistication to assess in which maturity stage an SME is located. By using this assessment tool, managers of SMEs can identify problem areas in the innovation process and have easy access to instructions on enhancing innovativeness. Finally, the proposed assessment tool is compared to The Innovation Company’s assessment tool and differences and similarities are discussed.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:International Business Administration BSc (50952)
Link to this item:http://purl.utwente.nl/essays/72685
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