Innovation policy and successfulness of micro and small companies in the Republic of Slovenia

The purpose of our research is to examine the state of innovation policy and its influence on the successfulness of micro and small companies in the Republic of Slovenia. The effects of particular influential variables on the success and innovation policy (frequency of introduced changes, national co-financing, financial support initiatives, promote programs and innovation planning policy) were analysed empirically on the stratified model of 121 micro and small companies with the method of quantitative research, namely as per the most important and successful statistical regions. On the basis of the analysis based on linear and multiple regression analysis, it may be established that innovation policy influences positively on the success of micro and small companies. We can thus conclude that company’s frequency of introduced changes; national co-financing and financial support incentives, familiarity of employees with the innovation strategy as a part of innovation policy play a significant part in achieving business excellence.   Key words: Innovation policy, innovation planning policy, company’s success, management, micro and small companies, Slovenia.

[1]  L. Raymond,et al.  R&D as a determinant of innovation in manufacturing SMEs: An attempt at empirical clarification , 2010 .

[2]  John Bessant,et al.  Small firms, R&D, technology and innovation in the UK: a literature review , 1998 .

[3]  Matjaz Mulej,et al.  Development economics' view on growing entrepreneurship in Slovenia , 2008 .

[4]  Hans-Christian Pfohl.  Abgrenzung der Klein- und Mittelbetriebe von Großbetrieben , 1997 .

[5]  Antonia Madrid‐Guijarro,et al.  Barriers to Innovation among Spanish Manufacturing SMEs , 2009 .

[6]  M. Rogers.  Networks, Firm Size and Innovation , 2004 .

[7]  J. Kopač,et al.  Parameters influencing innovation, R&D and technology in mechanical industry , 2007 .

[8]  HA Henny Romijn,et al.  Determinants of innovation capability in small electronics and software firms in southeast England , 2002 .

[9]  Roberto Biloslavo,et al.  Management of dualities as a critical dimension of a knowledge-era organisation , 2008, Int. J. Technol. Manag..

[10]  G. Hult,et al.  Innovativeness: Its antecedents and impact on business performance , 2004 .

[11]  Michael D. Michalisin.  Validity of annual report assertions about innovativeness: an empirical investigation , 2001 .

[12]  Berend Wierenga,et al.  Erim Report Series Research in Management the Effectiveness of Different Mechanisms for Integrating Marketing and R & D Bibliographic Data and Classifications , 2022 .

[13]  Heinz Hollenstein,et al.  A composite indicator of a firm's innovativeness. An empirical analysis based on survey data for Swiss manufacturing , 1996 .

[14]  R. Cooper,et al.  Winning Businesses in Product Development: The Critical Success Factors , 1996 .

[15]  Jaehoon Rhee,et al.  Drivers of innovativeness and performance for innovative SMEs in South Korea: Mediation of learning orientation , 2010 .

[16]  Borut Likar,et al.  The development of a performance measurement methodology for idea management , 2009 .

[17]  Denis Trček.  Managing information systems security and privacy , 2005 .

[18]  Borut Likar,et al.  INCREASING THE CAPACITY OF COMPANIES TO ABSORB INVENTIONS FROM RESEARCH ORGANIZATIONS AND ENCOURAGING PEOPLE TO INNOVATE , 2005, Cybern. Syst..

[19]  M. Freel,et al.  Patterns of innovation and skills in small firms , 2005 .

[20]  Ljiljana Božić,et al.  The antecedents of SME innovativeness in an emerging transition economy , 2009 .

[21]  Paulo Carlos Kaminski,et al.  Knowledge transfer in product development processes: A case study in small and medium enterprises (SMEs) of the metal-mechanic sector from São Paulo, Brazil , 2008 .

[22]  Tarantola Stefano,et al.  European Innovation Scoreboard 2006 - Comparative Analysis of Innovation Performance , 2007 .

[23]  Borut Likar.  THE INFLUENCE OF INNOVATION, TECHNOLOGICAL AND RESEARCH PROCESSES ON WOOD INDUSTRY , 2005 .

[24]  Mirko Markic.  Process innovation: a precondition for business excellence , 2006 .

[25]  M. Freel,et al.  Barriers to Product Innovation in Small Manufacturing Firms , 2000 .

[26]  Marco Iansiti,et al.  From technological potential to product performance: an empirical analysis , 1997 .

[27]  Camille Carrier,et al.  Intrapreneurship in Large Firms and SMEs: A Comparative Study , 1994 .

[28]  J. A. Keizer,et al.  Explaining innovative efforts of SMEs.: An exploratory survey among SMEs in the mechanical and electrical engineering sector in The Netherlands , 2002 .