The Process of Opportunities Exploration and Exploitation in the Development of SMEs' Innovativeness

• Autorzy: Marek Matejun
• Języki publikacji: EN

Abstrakty

EN

The aim of the paper is to present an overview of the theoretical basis and stages of the process of opportunities exploration and exploitation in the development of innovativeness of small and medium-sized enterprises (SMEs) and its preliminary empirical verification on the basis of experience derived from economic practice. The aim of the paper is realized based on the author's own empirical research carried out in the form of a case study conducted among 5 innovative SME companies in Poland. The results indicate that the analyzed companies associate opportunities directly with entrepreneurship and the development of innovative activity. They take various actions that are part of theoretical principles of effective opportunities exploration and exploitation, which allows them to obtain a number of pro-innovative benefits and which supports the creation of competitive advantage. (original abstract)

Słowa kluczowe

EN

Entrepreneurship; Innovation management; Small business

PL

Przedsiębiorczość; Zarządzanie innowacjami; Małe i średnie przedsiębiorstwa

• Czasopismo: Management and Production Engineering Review
• Rocznik: 2018
• Tom: 9
• Numer: nr 3
• Strony: 3--15

Twórcy

autor

Marek Matejun

• Lodz University of Technology, Poland

Bibliografia

• Sahut J.M., Peris-Ortiz M., Small business, innovation, and entrepreneurship, Small Business Economics, 42, 4, 663-668, 2014.
• Santoro G., Innovation in small and medium enterprises: the impact of open innovation practices on firm's performance, Global Business and Economics Review, 19, 5, 508-520, 2017.
• Short J.C., Ketchen D.J., Shook C.L., Ireland R.D., The concept of "opportunity" in entrepreneurship research: Past accomplishments and future challenges, Journal of Management, 36, 1, 40-65, 2010.
• Hill C.W.L., Jones G.R., Schilling M.A., Strategic management. Theory, Cengage Learning, Stamford, 2014.
• Davidsson P., Entrepreneurial opportunities and the entrepreneurship nexus: A re-conceptualization, Journal of Business Venturing, 30, 5, 674-695, 2015.
• Hansen D.J., Monllor J., Shrader R.C., Identifying the elements of entrepreneurial opportunity constructs: Recognizing what scholars are really examining, The International Journal of Entrepreneurship and Innovation, 17, 4, 240-255, 2016.
• Krupski R., Flexible strategies [in Polish: Strategie elastyczne, [in:] Krupski R., Niemczyk J., Stańczyk-Hugiet E., Concepts of the organisation's strategy [in Polish: Koncepcje strategii organizacji], PWE, Warszawa, pp. 135-211, 2009.
• Grégoire D.A., Shepherd D.A., Lambert L., Measuring opportunity - recognition beliefs. Illustrating and validating an experimental approach, Organizational Research Methods, 13, 1, 114-145, 2010.
• Dutta D.K., Crossan M.M. (2005), The nature of entrepreneurial opportunities: understanding the process using the 4I organizational learning framework, Entrepreneurship: Theory and Practice, 29, 4, 425-449, 2005.
• Dimov D. (2007), Beyond the single-person, singleinsight attribution in understanding entrepreneurial opportunities, Entrepreneurship Theory and Practice, 31, 5, 713-731, 2007.
• Gonzales E., Hommes M., Mirmulstein M.L., MSME country indicators 2014. Towards a better understanding of micro, small, and medium enterprises, International Finance Corporation, World Bank Group, 2014.
• Zastempowski M., Innovativeness of small and medium-sized enterprises in the context of the economic crisis [in Polish: Innowacyjność małych i średnich przedsiębiorstw w warunkach kryzysu gospodarczego], Wydawnictwo Naukowe Uniwersytetu Mikołaja Kopernika, Toruń, 2016.
• Muller P., Devnani S., Julius J., Gagliardi D., Marzocchi C., Annual report on European SMEs 2015/2016. SME recovery continues, European Commission, Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs, European Union, 2016.
• Matejun M., Characteristic features of small business and large firms: An empirical comparative study, Journal of Administrative and Business Studies, 3, 4, 192-203, 2017.
• Taneja S., Pryor M.G., Hayek M., Leaping innovation barriers to small business longevity, Journal of Business Strategy, 37, 3, 44-51, 2016.
• Rabelo R.J., Baldo F., Alves-Junior O.C., Dihlmann C., Virtual enterprises: Strengthening SMES competitiveness via flexible businesses alliances, [in:] North K., Varvakis G. [Eds.], Competitive strategies for small and medium enterprises, Springer International Publishing, Cham, 2017.
• McKeown T., From entrepreneurship to small-tomedium enterprises: Exploring the challenge and the opportunities, Journal of Management and Organization, 23, 2, 165-166, 2017.
• Stawasz E., Relationships between innovativeness and competitiveness in small innovative companies [in Polish: Relacje między innowacyjnością i konkurencyjnością w małych innowacyjnych firmach], "Studia i Prace WNEIZ US", 48/3, 269-280, 2017.
• Kaczmarska-Krawczak J., Analysis of the frequency of using innovations and the factors determining their application in SMEs from the Lodz region [in Polish: Analiza częstości stosowania innowacji oraz czynników warunkujących ich zastosowanie w MSP w regionie łódzkim], Studia Ekonomiczne Regionu Łódzkiego, 12, 99-111, 2014.
• de Medeiros J.F., Ribeiro J.L.D, Cortimiglia M.N., Success factors for environmentally sustainable product innovation: a systematic literature review, Journal of Cleaner Production, 65, 76-86, 2014.
• Padilha J.B., Cziulik C., Beltr˜ao P.A.C., Vectors of innovation definition for application during conceptual design stage of product development process, Journal of Technology Management and Innovation, 12, 1, 49-60, 2017.
• Frankelius P., Questioning two myths in innovation literature, Journal of High Technology Management Research, 20, 1, 40-51, 2009.
• Lachiewicz S., Matejun M., Cultural conditions for the development of innovativeness of small and medium-sized enterprises [in Polish: Kulturowe warunki rozwoju innowacyjności małych i średnich przedsiębiorstw], Zarządzanie i Finanse, 14, 2, part 2, 179-192, 2016.
• Schumpeter J.A., Theory of economic development, Routledge, New York, 2017.
• Drucker P.F., Natchnienie i fart czyli innowacja i przedsiębiorczość, Wydawnictwo Studio Emka, Warszawa, 2004.
• Maravelakis E., Bilalis N., Antoniadis A., Jones K.A., Moustakis V., Measuring and benchmarking the innovativeness of SMEs: A three-dimensional fuzzy logic approach, Production Planning and Control, 17(3), 283-292, 2006.
• Mbizi R., Hove L., Thondhlana A., Kakava N., Innovation in SMEs: A review of its role to organisational performance and SMEs operations sustainability, Interdisciplinary Journal of Contemporary Research in Business Research, 4, 11, 370-389, 2013.
• Toma S.G., Grigore A.M., Marinescu P., Economic development and entrepreneurship, Procedia Economics and Finance, 8, 436-443, 2014.
• Trzcieliński S., The essence and typologies of opportunities, [in:] Trzcieliński S. [Ed.], Agile enterprise. Concepts and some results of research, IEA Press, Madison, 2007.
• Gaglio C.M., The role of mental simulations and counterfactual thinking in the opportunity identification process, Entrepreneurship Theory and Practice, 28, 6, 533-552, 2004.
• Lee J.H., Venkataraman S., Aspirations, market offerings, and the pursuit of entrepreneurial opportunities, Journal of Business Venturing, 21, 1, 107-123, 2006.
• Kornish L.J., Ulrich K.T., Opportunity spaces in innovation: empirical analysis of large samples of ideas, Management Science, 57, 1, 107-128, 2011.
• Vogel P., From venture idea to venture opportunity, Entrepreneurship Theory and Practice, 41, 6, 943-971, 2016.
• Karpacz J., Determinants of perception and exploitation of opportunities by entrepreneurs [in Polish: Determinanty dostrzegania i wykorzystywania okazji przez przedsiębiorców], [in:] Stabryła A. [Ed.], Concepts of modern enterprise management [in Polish: Koncepcje zarządzania współczesnym przedsiębiorstwem], Wydawnictwo Mfiles.pl, Kraków, 2010.
• Krupski R., Opportunities in strategic management of the company [in Polish: Okazje w zarządzaniu strategicznym przedsiębiorstwem], Organizacja i Kierowanie, 4(147), 11-24, 2011.
• Ramoglou S., Tsang E.W.K., A realist perspective of entrepreneurship: opportunities as propensities, Academy of Management Review, 41, 3, 410-434, 2016.
• Vaghely I.P., Julien P.-A., Are opportunities recognized or constructed?: An information perspective on entrepreneurial opportunity identification, Journal of Business Venturing, 25, 1, 73-86, 2010.
• Ardichvili A., Cardozo R., Ray S., A theory of entrepreneurial opportunity identification and development, Journal of Business Venturing, 18, 1, 105-123, 2003.
• Lumpkin G.T., Hills G., Shrader R., Opportunity recognition, [in:] Welsch H.P. [Ed.], Entrepreneurship: The way ahead, Routledge, New York, 2004.
• Davidsson P., Entrepreneurial opportunity and the entrepreneurship nexus: A reconceptualization, Paper presented at the Annual Meeting of the Academy of Management, Boston, Massachusetts, 2012.
• Krupski R., Redundancy of resources and procedures as a panacea for the uncertainty of business envi-ronment [in Polish: Redundancje zasobów i procedur jako panaceum na niepewność otoczenia], Organizacja i Kierowanie, 2, 11-22, 2012.
• Matejun M., Spaces of opportunities in the development of employee proinnovativeness [in Polish: Przestrzenie okazji w rozwoju proinnowacyjności pracowniczej], Przegląd Nauk Ekonomicznych, 27, 107-121, 2017.
• Chandler G., DeTienne D., Lyon D., Outcome implications of opportunity creation/discovery processes, Frontiers of entrepreneurship research 2003, Proceedings of the Annual Entrepreneurship Research Conference, Babson College, Wellesley, 2003.
• Dew N., Serendipity in entrepreneurship, Organization Studies, 30, 7, 735-753, 2009.
• Murphy P., A 2x2 conceptual foundation for entrepreneurial discovery theory, Entrepreneurship Theory and Practice, 35, 2, 359-374, 2011.
• Sudoł S., Management sciences [in Polish: Nauki o zarządzaniu], PWE, Warszawa, 2012.
• Apanowicz J., Methodology of sciences [in Polish: Metodologia nauk], Wydawnictwo Dom Organizatora, Torun, 2003.
• Trzcieliński S., Trzcielińska J., How enterprises identify market opportunities: Research results and findings, [in:] Trzcieliński S. [Ed.], Advances in ergonomics of manufacturing: Managing enterprise of the future, Proceedings of the AHFE 2017 International Conference on Human Aspects of Advanced Manufacturing, Los Angeles, California, USA, Springer, 2017, pp. 116-128.

Identyfikatory

DOI

10.24425/119529