Exploring the relationship between small and medium-sized enterprises innovation and organizational performance: a prospective study on the industrial sector in Ecuador

Purpose This study aims to explore the relationship between the innovation capacity and performance of manufacturing firms in the Ecuadorian pharmaceutical and chemical sectors using strategic foresight analysis. Design/methodology/approach From an extensive literature review, the fundamental variab...

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Detalhes bibliográficos
Autores: Novillo Villegas, Sylvia, Anzules Falcones, Wendy, Martín Castilla, Juan Ignacio
Formato: artículo
Fecha de publicación:2024
País:España
Recursos:Universidad Autónoma de Madrid
Repositorio:Biblos-e Archivo. Repositorio Institucional de la UAM
Idioma:inglés
OAI Identifier:oai:repositorio.uam.es:10486/750080
Acesso em linha:https://hdl.handle.net/10486/750080
https://dx.doi.org/10.1108/FS-10-2023-0220
Access Level:acceso abierto
Palavra-chave:SME innovation
Performance
Scenario planning
Foresight strategy
Economía
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spelling Exploring the relationship between small and medium-sized enterprises innovation and organizational performance: a prospective study on the industrial sector in EcuadorNovillo Villegas, SylviaAnzules Falcones, WendyMartín Castilla, Juan IgnacioSME innovationPerformanceScenario planningForesight strategyEconomíaPurpose This study aims to explore the relationship between the innovation capacity and performance of manufacturing firms in the Ecuadorian pharmaceutical and chemical sectors using strategic foresight analysis. Design/methodology/approach From an extensive literature review, the fundamental variables related to manufacturing firms’ innovation for better performance were identified. Six hypotheses and actions were proposed related to financing, economic resources, capacities and research and development. Several scenarios were tested through foresight methodology to determine the more appropriate to be implemented by manufacturing firms over the next five years. Findings Scenario 01, where all the hypotheses resulted positive, has a 15.3% probability of occurrence. The results offer a relevant understanding of the behavior of the variables proposed as strategic actions for the sector. Originality/value To the best of the authors’ knowledge, foresight methodology is applied for the first time to analyze the manufacturing sector in Ecuador. The authors propose a plan of action from the strategic scenario identified in this study, supporting the development of the industrial sectors under studyEmeraldDepartamento de Organización de EmpresasFacultad de Ciencias Económicas y Empresariales20242024-09-12research articlehttp://purl.org/coar/resource_type/c_2df8fbb1AMhttp://purl.org/coar/version/c_ab4af688f83e57aainfo:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/10486/750080https://dx.doi.org/10.1108/FS-10-2023-0220reponame:Biblos-e Archivo. Repositorio Institucional de la UAMinstname:Universidad Autónoma de MadridInglésengopen accesshttp://purl.org/coar/access_right/c_abf2Attribution-NonCommercial 4.0 Internationalhttp://creativecommons.org/licenses/by-nc/4.0/info:eu-repo/semantics/openAccessoai:repositorio.uam.es:10486/7500802026-06-23T12:46:27Z
dc.title.none.fl_str_mv Exploring the relationship between small and medium-sized enterprises innovation and organizational performance: a prospective study on the industrial sector in Ecuador
title Exploring the relationship between small and medium-sized enterprises innovation and organizational performance: a prospective study on the industrial sector in Ecuador
spellingShingle Exploring the relationship between small and medium-sized enterprises innovation and organizational performance: a prospective study on the industrial sector in Ecuador
Novillo Villegas, Sylvia
SME innovation
Performance
Scenario planning
Foresight strategy
Economía
title_short Exploring the relationship between small and medium-sized enterprises innovation and organizational performance: a prospective study on the industrial sector in Ecuador
title_full Exploring the relationship between small and medium-sized enterprises innovation and organizational performance: a prospective study on the industrial sector in Ecuador
title_fullStr Exploring the relationship between small and medium-sized enterprises innovation and organizational performance: a prospective study on the industrial sector in Ecuador
title_full_unstemmed Exploring the relationship between small and medium-sized enterprises innovation and organizational performance: a prospective study on the industrial sector in Ecuador
title_sort Exploring the relationship between small and medium-sized enterprises innovation and organizational performance: a prospective study on the industrial sector in Ecuador
dc.creator.none.fl_str_mv Novillo Villegas, Sylvia
Anzules Falcones, Wendy
Martín Castilla, Juan Ignacio
author Novillo Villegas, Sylvia
author_facet Novillo Villegas, Sylvia
Anzules Falcones, Wendy
Martín Castilla, Juan Ignacio
author_role author
author2 Anzules Falcones, Wendy
Martín Castilla, Juan Ignacio
author2_role author
author
dc.contributor.none.fl_str_mv Departamento de Organización de Empresas
Facultad de Ciencias Económicas y Empresariales
dc.subject.none.fl_str_mv SME innovation
Performance
Scenario planning
Foresight strategy
Economía
topic SME innovation
Performance
Scenario planning
Foresight strategy
Economía
description Purpose This study aims to explore the relationship between the innovation capacity and performance of manufacturing firms in the Ecuadorian pharmaceutical and chemical sectors using strategic foresight analysis. Design/methodology/approach From an extensive literature review, the fundamental variables related to manufacturing firms’ innovation for better performance were identified. Six hypotheses and actions were proposed related to financing, economic resources, capacities and research and development. Several scenarios were tested through foresight methodology to determine the more appropriate to be implemented by manufacturing firms over the next five years. Findings Scenario 01, where all the hypotheses resulted positive, has a 15.3% probability of occurrence. The results offer a relevant understanding of the behavior of the variables proposed as strategic actions for the sector. Originality/value To the best of the authors’ knowledge, foresight methodology is applied for the first time to analyze the manufacturing sector in Ecuador. The authors propose a plan of action from the strategic scenario identified in this study, supporting the development of the industrial sectors under study
publishDate 2024
dc.date.none.fl_str_mv 2024
2024-09-12
dc.type.none.fl_str_mv research article
http://purl.org/coar/resource_type/c_2df8fbb1
AM
http://purl.org/coar/version/c_ab4af688f83e57aa
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/10486/750080
https://dx.doi.org/10.1108/FS-10-2023-0220
url https://hdl.handle.net/10486/750080
https://dx.doi.org/10.1108/FS-10-2023-0220
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial 4.0 International
http://creativecommons.org/licenses/by-nc/4.0/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial 4.0 International
http://creativecommons.org/licenses/by-nc/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Emerald
publisher.none.fl_str_mv Emerald
dc.source.none.fl_str_mv reponame:Biblos-e Archivo. Repositorio Institucional de la UAM
instname:Universidad Autónoma de Madrid
instname_str Universidad Autónoma de Madrid
reponame_str Biblos-e Archivo. Repositorio Institucional de la UAM
collection Biblos-e Archivo. Repositorio Institucional de la UAM
repository.name.fl_str_mv
repository.mail.fl_str_mv
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