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Factors that impact the innovation capability in MSMEs: case of Colombia's Atlántico Department.

Authors :
Escobar-Castillo, Adalberto
Velandia-Pacheco, Gabriel
Navarro-Manotas, Evaristo
Otalora-Beltrán, Jorge
García-Tamayo, Diana
Archibold-Barrios, Wendell
Ramírez-Juvinao, Luisa
Source :
Procedia Computer Science; 2023, Vol. 224, p490-494, 5p
Publication Year :
2023

Abstract

Since there is no consensus in the previous literature on the factors that affect innovation capability in the context of Micro, Small, and Medium Enterprises (MSMEs), the objective of the article is to analyze the variables that affect this capability in industrial MSMEs in Colombia's Atlántico Department. For this, we develop a positivist, explanatory, and non-experimental cross-sectional study, using a survey applied to 400 industrial MSMEs. The results show that organizational learning, intellectual capital, and knowledge management directly and statistically significantly affect innovation capability. We concluded that in this type of company flexibility, informality, and control style, favor the development of strategies that allow the organization to face the environment´s demands, based on innovative and sustainable solutions. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
18770509
Volume :
224
Database :
Supplemental Index
Journal :
Procedia Computer Science
Publication Type :
Academic Journal
Accession number :
172888285
Full Text :
https://doi.org/10.1016/j.procs.2023.09.070