Rights statement: Electronic version of an article published as International Journal of Innovation Management, ?, ?, 2019, ?-?] 10.1142/S1363919619500373 Copyright World Scientific Publishing Company https://www.worldscientific.com/worldscinet/ijim
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Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
}
TY - JOUR
T1 - Achieving innovation in a lean environment
T2 - How innovative small firms overcome resource constraints
AU - Deakins, David
AU - Bensemann, Jo
N1 - Electronic version of an article published as International Journal of Innovation Management, ?, ?, 2019, ?-?] 10.1142/S1363919619500373 Copyright World Scientific Publishing Company https://www.worldscientific.com/worldscinet/ijim
PY - 2018/8/13
Y1 - 2018/8/13
N2 - This paper examines how innovative small firms achieve innovation within leanenvironments. Writers taking a resource-based view (RBV) approach to innovation by small firms in lean environments have argued that they are resource constrained through shortages of skilled labour, finance, and social networks. This paper builds on the RBV approach by adopting a dynamic capabilities (DCs) lens to investigate how innovative small firms adopt and acquire DCs to achieve innovation in a lean environment in a small country with an open economy that is distant from major markets. We argue that entrepreneurs will engage in pragmatic solutions to overcomeresource constraints. We provide qualitative evidence from a programme of 30interviews and find that innovative small firms achieve innovation through ingenuity and patience. Our entrepreneurs use methods such as bricolage and bootstrapping and make cooperative arrangements with early adopters to maximise use of their limited resources.
AB - This paper examines how innovative small firms achieve innovation within leanenvironments. Writers taking a resource-based view (RBV) approach to innovation by small firms in lean environments have argued that they are resource constrained through shortages of skilled labour, finance, and social networks. This paper builds on the RBV approach by adopting a dynamic capabilities (DCs) lens to investigate how innovative small firms adopt and acquire DCs to achieve innovation in a lean environment in a small country with an open economy that is distant from major markets. We argue that entrepreneurs will engage in pragmatic solutions to overcomeresource constraints. We provide qualitative evidence from a programme of 30interviews and find that innovative small firms achieve innovation through ingenuity and patience. Our entrepreneurs use methods such as bricolage and bootstrapping and make cooperative arrangements with early adopters to maximise use of their limited resources.
KW - Innovation
KW - agri-business
KW - small open economy
KW - small firms
KW - New Zealand
KW - dynamic capabilities
U2 - 10.1142/S1363919619500373
DO - 10.1142/S1363919619500373
M3 - Journal article
JO - International Journal of Innovation Management
JF - International Journal of Innovation Management
SN - 1757-5877
ER -