Drivers of technological innovation in SMEs during Covid-19 times: an analysis in the caribbean region using ICONOS program database
Technological innovation is still a challenge for SMEs in emerging countries, mainly due to the lack of financial, structural, capital, and proper managerial resources. Covid-19 presented a scenario that increased difficulties for companies, especially of this kind, and at the same time presented a...
- Autores:
-
Pozzo, Danielle
Porras-Paez, Andrea
- Tipo de recurso:
- Part of book
- Fecha de publicación:
- 2022
- Institución:
- Corporación Universidad de la Costa
- Repositorio:
- REDICUC - Repositorio CUC
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.cuc.edu.co:11323/9353
- Acceso en línea:
- https://hdl.handle.net/11323/9353
https://doi.org/10.1007/978-3-031-04126-6_1
https://repositorio.cuc.edu.co/
- Palabra clave:
- Innovation
Technological innovation
Drivers
SMEs
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- Atribución-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
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dc.title.eng.fl_str_mv |
Drivers of technological innovation in SMEs during Covid-19 times: an analysis in the caribbean region using ICONOS program database |
title |
Drivers of technological innovation in SMEs during Covid-19 times: an analysis in the caribbean region using ICONOS program database |
spellingShingle |
Drivers of technological innovation in SMEs during Covid-19 times: an analysis in the caribbean region using ICONOS program database Innovation Technological innovation Drivers SMEs |
title_short |
Drivers of technological innovation in SMEs during Covid-19 times: an analysis in the caribbean region using ICONOS program database |
title_full |
Drivers of technological innovation in SMEs during Covid-19 times: an analysis in the caribbean region using ICONOS program database |
title_fullStr |
Drivers of technological innovation in SMEs during Covid-19 times: an analysis in the caribbean region using ICONOS program database |
title_full_unstemmed |
Drivers of technological innovation in SMEs during Covid-19 times: an analysis in the caribbean region using ICONOS program database |
title_sort |
Drivers of technological innovation in SMEs during Covid-19 times: an analysis in the caribbean region using ICONOS program database |
dc.creator.fl_str_mv |
Pozzo, Danielle Porras-Paez, Andrea |
dc.contributor.author.spa.fl_str_mv |
Pozzo, Danielle Porras-Paez, Andrea |
dc.subject.proposal.eng.fl_str_mv |
Innovation Technological innovation Drivers SMEs |
topic |
Innovation Technological innovation Drivers SMEs |
description |
Technological innovation is still a challenge for SMEs in emerging countries, mainly due to the lack of financial, structural, capital, and proper managerial resources. Covid-19 presented a scenario that increased difficulties for companies, especially of this kind, and at the same time presented a necessity-driven impulse to look for innovative solutions. This study aimed to analyze the drivers of technological innovations of SMEs of the Caribbean Region, during what was considered locally the most critical period of covid-19 pandemic. Data was obtained from ICONOS program, a local government initiative that support the systemic development of innovations and support to consolidate organizational and regional competitive advantage. A sample of 28 innovation projects – in which 11 are already active and functional - was considered, using coding to establish the main relations and topics emerging from the different proposals. Results show covid-19 was considered both as an antecedent and as a parameter for market orientation, suggesting a rapid response from these companies when facing economic and social changes. Healthcare, education, and agriculture were found as key sectors. Potential competitive advantages were designed on three major aspects: usability, accessibility, and sustainability. The majority of the cases presented a market pull innovation flow, predominantly focusing on covid-19 related needs and consequent solutions. |
publishDate |
2022 |
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2022-07-08T13:13:06Z |
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2022-07-08T13:13:06Z |
dc.date.issued.none.fl_str_mv |
2022-04-03 |
dc.type.spa.fl_str_mv |
Capítulo - Parte de Libro |
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http://purl.org/coar/version/c_b1a7d7d4d402bcce |
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dc.identifier.citation.spa.fl_str_mv |
Pozzo, D.N., Porras-Paez, A. (2022). Drivers of Technological Innovation in SMEs During Covid-19 Times: An Analysis in the Caribbean Region Using ICONOS Program Database. In: Fan, S., Ilk, N., Shan, Z., Zhao, K. (eds) From Grand Challenges to Great Solutions: Digital Transformation in the Age of COVID-19. WeB 2021. Lecture Notes in Business Information Processing, vol 443. Springer, Cham. https://doi.org/10.1007/978-3-031-04126-6_1 |
dc.identifier.isbn.spa.fl_str_mv |
978-3-031-04125-9 |
dc.identifier.uri.spa.fl_str_mv |
https://hdl.handle.net/11323/9353 |
dc.identifier.url.spa.fl_str_mv |
https://doi.org/10.1007/978-3-031-04126-6_1 |
dc.identifier.doi.spa.fl_str_mv |
10.1007/978-3-031-04126-6_1 |
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Corporación Universidad de la Costa |
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REDICUC - Repositorio CUC |
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https://repositorio.cuc.edu.co/ |
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Pozzo, D.N., Porras-Paez, A. (2022). Drivers of Technological Innovation in SMEs During Covid-19 Times: An Analysis in the Caribbean Region Using ICONOS Program Database. In: Fan, S., Ilk, N., Shan, Z., Zhao, K. (eds) From Grand Challenges to Great Solutions: Digital Transformation in the Age of COVID-19. WeB 2021. Lecture Notes in Business Information Processing, vol 443. Springer, Cham. https://doi.org/10.1007/978-3-031-04126-6_1 978-3-031-04125-9 10.1007/978-3-031-04126-6_1 Corporación Universidad de la Costa REDICUC - Repositorio CUC 978-3-031-04126-6 |
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https://hdl.handle.net/11323/9353 https://doi.org/10.1007/978-3-031-04126-6_1 https://repositorio.cuc.edu.co/ |
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From grand challenges to great solutions: digital transformation in the age of COVID-19; |
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Lecture Notes in Business Information Processing |
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ACOPI: Realización de la fase de cofinanciación en el marco del proyecto: implementación de un programa de cofinanciación de proyectos de I+D+I en pymes de sectores estratégicos en el departamento del Atlántico. http://iconosatlantico.com/wp-content/uploads/2020/03/TDR-DEFINITIVOS-ICONOS-02.03.20.pdf. Accessed 10 Aug 2020 ACOPI: Publicación de resultados definitivos de la evaluación técnica. http://iconosatlantico.com/wp-content/uploads/2020/06/LISTADO-DEFINITIVO-DE-ELEGIBLES-EVALTEC-1.pdf. Accessed 10 Aug 2020 Adam, N.A., Alarifi, G.: Innovation practices for survival of small and medium enterprises (SMEs) in the COVID-19 times: the role of external support. J. Innov. Entrepreneurship 10(1), 1–22 (2021). https://doi.org/10.1186/s13731-021-00156-6 Akinremi, T., Roper, S.: The collaboration paradox: why small firms fail to collaborate for innovation. In: Fernandes, G., Dooley, L., O’Sullivan, D., Rolstadås, A. (eds.) Managing Collaborative R&D Projects, pp. 139–159. Springer, Cham (2021). https://doi.org/10.1007/978-3-030-61605-2_8 Amalia, N.V., Sutopo, W., Hisjam, M.: Technopreneurship & innovation system: a comparative analysis for batik wastewater treatment equipment technology development in Indonesia. In: 3rd International Conference on Engineering and Information Technology for Sustainable Industry (ICONETSI), pp.1–6. ACM International Conference Proceeding Series, Indonesia (2020). https://doi.org/10.1145/3429789.3429863 Amuda, Y.J.: Impact of coronavirus on small and medium enterprises (SMEs): towards post-covid-19 economic recovery in Nigeria. Acad. Strateg. Manag. J. 19(6), 1–11 (2020) Arza, V., López, E.: Obstacles affecting innovation in small and medium enterprises: quantitative analysis of the Argentinean manufacturing sector. Res. Policy 50(9), 1–19 (2021). https://doi.org/10.1016/j.respol.2021.104324 Babalola, O.O., Amiolemen, S.O., Adegbite, S.A., Ojo-Emmanuel, G.: Evaluation of factors influencing technological innovations of small and medium enterprises in Nigerian industrial estates. Int. J. Innov. Sci. 7(1), 39–53 (2015). https://doi.org/10.1260/1757-2223.7.1.39 Beltramino, N.S., García-Perez-de-Lema, D., Valdez-Juárez, L.E.: The structural capital, the innovation and the performance of the industrial SMES. J. Intellect. Cap. 21(6), 913–945 (2020). https://doi.org/10.1108/JIC-01-2019-0020 BID: Instrumentos de financiamiento para las micro, pequeñas y medianas empresas en América Latina y el Caribe durante el Covid-19. https://publications.iadb.org/publications/spanish/document/Instrumentos-de-financiamiento-para-las-micro-pequenas-y-medianas-empresas-en-America-Latina-y-el-Caribe-durante-el-Covid-19.pdf. Accessed 20 Sept 2021 Bitencourt, C.C., de Oliveira Santini, F., Zanandrea, G., Froehlich, C., Ladeira, W.J.: Empirical generalizations in eco-innovation: a meta-analytic approach. J. Clean. Prod. 245, 1–26 (2020). https://doi.org/10.1016/j.jclepro.2019.118721 Branscomb, L.M.: Technological innovation. In: Smelser, N.J., Baltes, P.B. (eds.) International Encyclopedia of the Social & Behavioral Sciences, Pergamon, New York (2001). https://doi.org/10.1016/B0-08-043076-7/03208-3 Caballero-Morales, S.: Innovation as recovery strategy for SMEs in emerging economies during the COVID-19 pandemic. Res. Int. Bus. Financ. 57, 1–9 (2021). https://doi.org/10.1016/j.ribaf.2021.101396 CEPAL: Compilación de estadísticas de cuentas nacionales, balanza de pagos y comercio exterior en el marco de la emergencia sanitaria de la enfermedad por coronavirus (COVID-19). https://www.cepal.org/es/publicaciones/45666-compilacion-estadisticas-cuentas-nacionales-balanza-pagos-comercio-exterior. Accessed 16 Sept 2021 CEPAL: Mipymes en América Latina: un frágil desempeño y nuevos desafíos para las políticas de foment. https://www.cepal.org/es/publicaciones/44148-mipymes-america-latina-un-fragil-desempeno-nuevos-desafios-politicas-fomento. Accessed 16 Sept 2021 CEPAL: Sectors and businesses facing COVID-19: emergency and reactivation. https://repositorio.cepal.org/bitstream/handle/11362/45736/5/S2000437_en.pdf. Accessed 16 Sept 2021 Chatterjee, S., Chaudhuri, R.: Supply chain sustainability during turbulent environment: examining the role of firm capabilities and government regulation. Oper. Manag. Res., 1–15 (2021). https://doi.org/10.1007/s12063-021-00203-1 Fernández, S., Torrecillas, C., Labra, R.E.: Drivers of eco-innovation in developing countries: the case of Chilean firms. Technol. Forecast. Soc. Change 170, 1–18 (2021). https://doi.org/10.1016/j.techfore.2021.120902 Ferreira, J.J.M., Teixeira, S.J., Rammal, H.G.: Technological Innovation and International Competitiveness for Business Growth: Challenges and Opportunities, 1st edn. Palgrave Macmillan, London (2021) Ganlin, P., Qamruzzaman, M.D., Mehta, A.M., Naqvi, F.N., Karim, S.: Innovative finance, technological adaptation and SMEs sustainability: the mediating role of government support during covid-19 pandemic. Sustainability (Switzerland) 13(16), 1–27 (2021). https://doi.org/10.3390/su13169218 García Ortiz, P.A., Calderón García, H., Fayos Gardó, T., Roa Vivas, N.: Dynamic marketing capabilities as drivers of international channel integration: is this true for Latin American SMEs? Qual. Market Res. 24(5), 653–682 (2021). https://doi.org/10.1108/QMR-01-2021-0007 Groenewegen, J., Hardeman, S., Stam, E.: Does COVID-19 state aid reach the right firms? COVID-19 state aid, turnover expectations, uncertainty and management practices. J. Bus. Ventur. Insights 16, 1–8 (2021). https://doi.org/10.1016/j.jbvi.2021.e00262 Hervas-Oliver, J., Parrilli, M.D., Sempere-Ripoll, F.: SME modes of innovation in European catching-up countries: the impact of STI and DUI drivers on technological innovation. Technol. Forecast. Soc. Change 173, 1–11 (2021). https://doi.org/10.1016/j.techfore.2021.121167. Islam, A., Galinato, G.I., Zhang, W.: Can government spending boost firm sales? Kyklos 74(4), 1–24 (2021). https://doi.org/10.1111/kykl.12278 Kapler, M.: Barriers to the implementation of innovations in information systems in SMEs. Prod. Eng. Arch. 27(2), 156–162 (2021). https://doi.org/10.30657/pea.2021.27.20 Krammer, M.S.S.: Science, technology, and innovation for economic competitiveness: the role of smart specialization in less developed countries. Technol. Forecast. Soc. Chang. 123, 95–107 (2017) Kolbe, D., Frasquet, M., Calderon, H.: The role of market orientation and innovation capability in export performance of small- and medium-sized enterprises: a Latin American perspective. Multinational Bus. Rev. (2021). Ahead-of-print. https://doi.org/10.1108/MBR-10-2020-0202 KPMG: Embedding resilience: Addressing the business challenges presented by the coronavirus. https://home.kpmg/xx/en/home/insights/2020/03/the-business-implications-of-coronavirus.html. Accessed 20 Sept 2021 Lopes, J., Oliveira, M., Silveira, P., Farinha, L., Oliveira, J.: Business dynamism and innovation capacity, an entrepreneurship worldwide perspective. J. Open Innov. Technol. Market Complex. 7(1), 1–18 (2021). https://doi.org/10.3390/JOITMC7010094 Madrid-Guijarro, A., Martin, D.P., García-Pérez-de-Lema, D.: Capacity of open innovation activities in fostering product and process innovation in manufacturing SMEs. RMS 15(7), 2137–2164 (2021). https://doi.org/10.1007/s11846-020-00419-8 Marino, A., Pariso, P.: The global macroeconomic impacts of covid-19: four European scenarios. Acad. Strateg. Manag. J. 20(2), 1–21 (2021) MinCit, Información: Perfiles Económicos Departamentales. https://www.mincit.gov.co/getattachment/fdd96c98-45d2-451f-86c6-d200a1da9427/Perfiles-Economicos-por-Departamentos. Accessed 16 Sept 2021 Morisson, A., Doussineau, M.: Regional innovation governance and place-based policies: design, implementation and implications. Reg. Stud. Reg. Sci. 6(1), 101–116 (2019). https://doi.org/10.1080/21681376.2019.1578257 Najib, M., Rahman, A.A.A., Fahma, F.: Business survival of small and medium-sized restaurants through a crisis: the role of government support and innovation. Sustainability (Switzerland) 13(19), 1–16 (2021). https://doi.org/10.3390/su131910535 Nemet, G.F.: Demand-pull, technology-push, and government-led incentives for non-incremental technical change. Res. 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Chang. 120, 144–162 (2017). https://doi.org/10.1016/j.techfore.2017.01.005 Soto-Acosta, P., Popa, S., Martinez-Conesa, I.: Information technology, knowledge management and environmental dynamism as drivers of innovation ambidexterity: a study in SMEs. J. Knowl. Manag. 22(4), 824–849 (2018). https://doi.org/10.1108/JKM-10-2017-0448 Spuldaro, J.D., Prim, A.L., Bencke, F.F., Roman, D.J.: The effect of innovation on the financial performance and export intensity of firms in emerging countries. Int. J. Bus. Innov. Res. 25(3), 304–327 (2021). https://doi.org/10.1504/IJBIR.2021.116382 Varón Sandoval, A., González Calixto, M.B., Ramírez Salazar, M.P.: Colombia: innovation, trust and emotions during the COVID-19 pandemic. Manag. Res. 19(1), 1–21 (2020). https://doi.org/10.1108/MRJIAM-05-2020-1040 Verganti, R.: Design Driven Innovation: Changing the Rules of Competition by Radically Innovating What Things Mean, 1st edn. Harvard Business Press, New York (2009) Vorkapić, M., Radovanović, F., Ćoćkalo, D., Đorđević, D.: NPD in small manufacturing enterprises in Serbia. [NPD u malim proizvodnim poduzećima u Srbiji] Tehnicki Vjesnik 24(1), 327–332 (2017). https://doi.org/10.17559/TV-20150807185156 Zapata-cantu, L., González, F.: Challenges for innovation and sustainable development in Latin America: the significance of institutions and human capital. Sustainability (Switzerland) 13(7), 1–21 (2021). https://doi.org/10.3390/su13074077 Wang, C., Walker, E.A., Redmond, J.L.: Explaining the lack of strategic planning in SMEs: the importance of owner motivation. Int. J. Organisational Behav. 12(1), 1–16 (2007) |
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Pozzo, DaniellePorras-Paez, Andrea 2022-07-08T13:13:06Z2022-07-08T13:13:06Z2022-04-03Pozzo, D.N., Porras-Paez, A. (2022). Drivers of Technological Innovation in SMEs During Covid-19 Times: An Analysis in the Caribbean Region Using ICONOS Program Database. In: Fan, S., Ilk, N., Shan, Z., Zhao, K. (eds) From Grand Challenges to Great Solutions: Digital Transformation in the Age of COVID-19. WeB 2021. Lecture Notes in Business Information Processing, vol 443. Springer, Cham. https://doi.org/10.1007/978-3-031-04126-6_1978-3-031-04125-9https://hdl.handle.net/11323/9353https://doi.org/10.1007/978-3-031-04126-6_110.1007/978-3-031-04126-6_1Corporación Universidad de la CostaREDICUC - Repositorio CUChttps://repositorio.cuc.edu.co/978-3-031-04126-6Technological innovation is still a challenge for SMEs in emerging countries, mainly due to the lack of financial, structural, capital, and proper managerial resources. Covid-19 presented a scenario that increased difficulties for companies, especially of this kind, and at the same time presented a necessity-driven impulse to look for innovative solutions. This study aimed to analyze the drivers of technological innovations of SMEs of the Caribbean Region, during what was considered locally the most critical period of covid-19 pandemic. Data was obtained from ICONOS program, a local government initiative that support the systemic development of innovations and support to consolidate organizational and regional competitive advantage. A sample of 28 innovation projects – in which 11 are already active and functional - was considered, using coding to establish the main relations and topics emerging from the different proposals. Results show covid-19 was considered both as an antecedent and as a parameter for market orientation, suggesting a rapid response from these companies when facing economic and social changes. Healthcare, education, and agriculture were found as key sectors. Potential competitive advantages were designed on three major aspects: usability, accessibility, and sustainability. The majority of the cases presented a market pull innovation flow, predominantly focusing on covid-19 related needs and consequent solutions.1 páginaapplication/pdfengSpringer VerlagGermanyFrom grand challenges to great solutions: digital transformation in the age of COVID-19;Lecture Notes in Business Information ProcessingACOPI: Realización de la fase de cofinanciación en el marco del proyecto: implementación de un programa de cofinanciación de proyectos de I+D+I en pymes de sectores estratégicos en el departamento del Atlántico. http://iconosatlantico.com/wp-content/uploads/2020/03/TDR-DEFINITIVOS-ICONOS-02.03.20.pdf. 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Organisational Behav. 12(1), 1–16 (2007)143Atribución-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)© 2022 Springer Nature Switzerland AGhttps://creativecommons.org/licenses/by-nc-sa/4.0/info:eu-repo/semantics/closedAccesshttp://purl.org/coar/access_right/c_14cbDrivers of technological innovation in SMEs during Covid-19 times: an analysis in the caribbean region using ICONOS program databaseCapítulo - Parte de Librohttp://purl.org/coar/resource_type/c_3248Textinfo:eu-repo/semantics/bookParthttp://purl.org/redcol/resource_type/CAP_LIBhttp://purl.org/coar/version/c_b1a7d7d4d402bccehttps://link.springer.com/chapter/10.1007/978-3-031-04126-6_1InnovationTechnological innovationDriversSMEsPublicationORIGINALDrivers of technological innovation in SMEs during Covid-19 times.pdfDrivers of technological innovation in SMEs during Covid-19 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