Title

Implementing SME innovative practices: a framework of push-pull factors

Document Type

Conference Proceeding

School

Australian Centre for Entrepreneurship Research Exchange

RAS ID

25703

Comments

Originally published as: Susomrith, P., & Amankwaa, A. (2017). Implementing SME innovative practices: a framework of push-pull factors. In Proceedings of ACERE Conference 2017. Original article available here

Abstract

Despite the enormous contribution of Small and Medium Enterprises (SMEs) to the Australian economy, there is arguably no study on factors that stimulate SMEs to create and exploit their new ideas. However, previous studies have shown that such innovation practices lead to improved SME performance. We develop a model that focuses on organisational and external factors that affect SME innovation practices in Australia. We highlight funding, collaboration, knowledge infrastructure, human capital, and management/leadership as the key organisational factors that affect SME innovation practices. Our model also highlights legislations/regulations, political climate, technology, economic, social and demographic as the external factors that indirectly affect SME innovation practices. We further argue that these external factors ‘push’ or ‘pull’ SME innovation practices

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