DETERMINANTS OF INNOVATION IN CROATIAN SMES - COMPARISON OF SERVICE AND MANUFACTURING FIRMS ODREDNICE INOVACIJA U MALIM I SREDNJIM PODUZECIMA U HRVATSKOJ/ - USPOREDBA PODUZECA U USLUZNOM SEKTORU I PRERAÐIVACKOJ INDUSTRIJI

Service SMEs innovate more through non-technological innovation while manufacturing SMEs innovate through technological innovation. Formal cooperation and external sources of information are more relevant for the development of product, process, organizational and marketing innovation in services th...

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Bibliographic Details
Published in:Tržište 2016-01, Vol.28 (1), p.7
Main Author: Pierre Mohnen, Ljiljana Bozic
Format: Article
Language:English
Subjects:
Econometrics
GDP
Gross Domestic Product
Growth rate
Hypotheses
Innovations
Manufacturing
Marketing
R&D
Research & development
Service industries
Small & medium sized enterprises-SME
Small business
Studies
Technological change
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Summary:Service SMEs innovate more through non-technological innovation while manufacturing SMEs innovate through technological innovation. Formal cooperation and external sources of information are more relevant for the development of product, process, organizational and marketing innovation in services than in manufacturing SMEs. In this paper we analyze the determinants of innovation activities in small and medium sized firms operating in the service and manufacturing sectors in Croatia. Our findings show that innovation activities are present in service firms. Their level is not necessarily the same as in manufacturing (in case of technological innovations), but we see proof of significant efforts by service SMEs to become innovators. This is especially evident in their engagement in R&D.
ISSN:0353-4790
1849-1383