Strategy and Structure in Innovative Manufacturing SMEs: The Case of an English Region

Strategy and Structure in Innovative Manufacturing SMEs: The Case of an English Region Based within the West Midlands region of England, the current paper considers the relative characteristic of product innovators and non-innovators along seven dimensions of strategy. Data was collected, by means of a remotely administered survey, as part of the development of a Regional Innovation Strategy and innovators were defined using a "rate of innovation" measure. Amongst the principal findings, innovators are found to: spend a significantly greater proportion of turnover on research and development; tend [marginally] towards greater internal control and reactivity; be more willing to assume long-term debt, but less likely to successfully access it; be more likely to have links with universities and support organisations and to depend upon a small number of customers for a significant component of total sales revenue. In addition, the pre-eminence of vertical value-chain linkages over horizontal or third party linkages is a further striking feature of the firms' articulation with their external environments. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Small Business Economics Springer Journals

Strategy and Structure in Innovative Manufacturing SMEs: The Case of an English Region

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 2000 by Kluwer Academic Publishers
Subject
Business and Management; Management; Microeconomics; Entrepreneurship; Industrial Organization
ISSN
0921-898X
eISSN
1573-0913
D.O.I.
10.1023/A:1012087912632
Publisher site
See Article on Publisher Site

Abstract

Based within the West Midlands region of England, the current paper considers the relative characteristic of product innovators and non-innovators along seven dimensions of strategy. Data was collected, by means of a remotely administered survey, as part of the development of a Regional Innovation Strategy and innovators were defined using a "rate of innovation" measure. Amongst the principal findings, innovators are found to: spend a significantly greater proportion of turnover on research and development; tend [marginally] towards greater internal control and reactivity; be more willing to assume long-term debt, but less likely to successfully access it; be more likely to have links with universities and support organisations and to depend upon a small number of customers for a significant component of total sales revenue. In addition, the pre-eminence of vertical value-chain linkages over horizontal or third party linkages is a further striking feature of the firms' articulation with their external environments.

Journal

Small Business EconomicsSpringer Journals

Published: Oct 8, 2004

References

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