Time to get into the action Unveiling the unknown of innovation capability in Indian MSMEs
Purpose The aim of this study is to identify and rank the factors of innovation capability (IC) in Indian micro, small and medium enterprises (MSMEs). This study focuses on ascertaining the important factors that help in enhancing the IC with an emblematic focus on the MSME sector of India. Design/m...
Saved in:
Published in | Asia Pacific journal of innovation and entrepreneurship (Online) Vol. 12; no. 3; pp. 279 - 299 |
---|---|
Main Authors | , |
Format | Journal Article |
Language | English |
Published |
Emerald Publishing
01.01.2018
|
Subjects | |
Online Access | Get full text |
Cover
Loading…
Summary: | Purpose
The aim of this study is to identify and rank the factors of innovation capability (IC) in Indian micro, small and medium enterprises (MSMEs). This study focuses on ascertaining the important factors that help in enhancing the IC with an emblematic focus on the MSME sector of India.
Design/methodology/approach
This paper proposes a multicriteria decision-making methodology, which is based on fuzzy analytic hierarchical process to prioritize the factors that enhance the IC of MSMEs. Finally, sensitivity analysis is conducted to examine the ranking stability.
Findings
Knowledge management is the most important enabler, followed by creativity and idea management and organizational culture.
Practical implications
Several organizations promote the strategic measures for enhancing the IC. To increase their capability to innovate, there is a need to identify, acknowledge and implement the drivers of IC into practice.
Originality/value
Prioritization done in the study facilitates the entrepreneurs to determine the most important factors that need crucial attention in dealing with sensitive issues of IC. Entrepreneurs can take several steps to implement the most important factors for enhancing the IC into practices for meeting the needs of the consumers, generating profits and enhancing the competitiveness. |
---|---|
ISSN: | 2398-7812 2071-1395 2398-7812 |
DOI: | 10.1108/APJIE-06-2018-0041 |