D 2020

The Impact of Innovation Flexibility on Innovation Performance in Small and Medium Manufacturing Companies

KAŇOVSKÁ, Lucie and Eva TOMÁŠKOVÁ

Basic information

Original name

The Impact of Innovation Flexibility on Innovation Performance in Small and Medium Manufacturing Companies

Authors

KAŇOVSKÁ, Lucie (203 Czech Republic) and Eva TOMÁŠKOVÁ (203 Czech Republic, guarantor, belonging to the institution)

Edition

Praha, Innovation Management, Entrepreneurship and Sustainability (IMES 2020), p. 245-257, 13 pp. 2020

Publisher

Vysoká škola ekonomická v Praze

Other information

Language

English

Type of outcome

Stať ve sborníku

Field of Study

50204 Business and management

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

Publication form

electronic version available online

References:

RIV identification code

RIV/00216224:14220/20:00116832

Organization unit

Faculty of Law

ISBN

978-80-245-2378-1

DOI

UT WoS

000589725700020

Keywords (in Czech)

Innovation flexibility; Innovation performance; SMEs

Keywords in English

Innovation flexibility; Innovation performance; SMEs

Tags

Tags

International impact, Reviewed
Změněno: 27/6/2024 10:41, Mgr. Michal Petr

Abstract

V originále

Purpose: Flexibility is important for firms to attain and sustain a competitive advantage. However, innovation is also a crucial aspect that not only manufacturers have to manage when planning their business strategies to build a competitive advantage. This present study investigates the problems of flexibility in manufacturing companies via different points of view among electrical engineering companies in the Czech Republic. The aim of this paper is to identify the impact of innovative flexibility on innovation performance by small and mediumsized manufacturing companies. Methodology: To fulfill the research objective, a questionnaire in the form of the Likert scale was prepared to gather information. A total of 112 SMEs from the Czech Republic participated in the survey from July to October 2019. This is the first empirical research focused on this area held among electrical engineering companies in the Czech Republic. Findings: Innovative flexibility is positively associated with innovation performance in small and medium manufacturing companies. Research implications: Our study shows a great deal of interesting information related to flexibility in manufacturing companies. The findings of the research contribute to an understanding of the relationship between innovation flexibility and innovation performance. Results of the research show that there is a positive relationship between innovation flexibility in products and innovation performance and innovation flexibility in accompanying services and innovation flexibility as well. Value: This research study provides insights into the complex relationship between innovation flexibility and innovation development. There is still little information concerning understanding of flexibility in manufacturing companies.