Examinando por Autor "Vanegas, Juan Gabriel"

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    Determinants of innovation: a multivariate analysis in Colombian micro, small and medium-sized enterprises
    (Universidad ESAN. ESAN Ediciones, 2019-06-01) Restrepo-Morales,Jorge Aníbal; Loaiza, Osmar Leandro; Vanegas, Juan Gabriel
    Purpose – This paper aims to study the influence of innovation on micro, small and medium-sized enterprises (MSME) performance in Colombia through the 403 MSMES survey analysis. In particular, this paper measures the effect of participation in R&D alliances, product innovation and process innovation on it. Design/methodology/approach – MSME performance is measured through a composite index, estimated through principal components analysis using polychoric correlations, which is based on eight self-reported assessments of MSME performance. Then, this measure of performance is related to MSME participation in R&D alliances and the product and process development stance of the MSME based on an adaptation of the Miles and Snow business classification scheme, by means of an ANOVA and a linear regression. Findings – Colombian SMEs are not significantly benefitted from participation on R&D alliances. Instead, their performance appears to be dependent upon their internal innovation efforts directed to product development. Moreover, the results suggest that imitators get a performance almost as high as innovators. Originality/value – Innovation activities in Colombian SMEs are carried out informally, as they aremostly uninterested to engage in R&D activities and to develop new products by own initiative. Moreover,few of them have an R&D department. In regard to technology, results suggest that almost half of SMEs are classified as followers, namely, they use the same technology as competitors.