The Development of Innovation Building Proposed Conceptual Model to Reinforce Competitive Advantage in Small and Medium Size Enterprises in Thailand
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Published:
Jul 30, 2019
Keywords:
Intellectual Capital, Innovation, Small and mediumsize enterprise, Small business
Main Article Content
Abstract
A small business like small and medium-sized enterprises (SMEs) play an important role to the economic development of the country. To make small businesses as an advantage in the competition, the resources and capabilities are required more than their competitors. The purpose of this article is to develop a model to build competitiveness of businesses, under the resource base view theory and the use of Colins and Montgomery’s concept. The results of the literature review show the relationship between intellectual capital, innovation and the performance of organizations. Small business can use this model to make the competitive advantage for its firm.
Article Details
How to Cite
Poungperksuk, W., & Srinaruewan, P. (2019). The Development of Innovation Building Proposed Conceptual Model to Reinforce Competitive Advantage in Small and Medium Size Enterprises in Thailand. WMS Journal of Management, 8(3), 102–114. Retrieved from https://so06.tci-thaijo.org/index.php/wms/article/view/206474
Section
Research Articles-Academic Articles
References
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Hayton, J. C. (2005). Competing in the new economy: The effect of intellectual capital on corporate entrepreneurship in high-technology new ventures. R&D Management, 35(2), 137-155.
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Hsu, Y., & Fang, W. (2009). Intellectual capital and new product development performance: The mediating role of organizational learning capability. Technological Forecasting and Social Change, 76(5), 664.
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Berends, H., Jelinek, M., Reymen, I., & Stultiëns, R. (2014). Product innovation processes in small firms: Combining entrepreneurial effectuation and managerial causation. Journal of Product Innovation Management, 31(3), 616-635.
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Bontis, N. (1999). Managing organizational knowledge by diagnosing intellectual capital: Framing and advancing the state of the field. International Journal of technology management, 18(5-8), 433-462.
Bornay-Barrachina, M., la Rosa-Navarro, D., López-Cabrales, A., & Valle-Cabrera, R. (2012). Employment relationships and firm innovation: the double role of human capital. British Journal of Management, 23(2), 223-240.
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Calantone, R. J., Cavusgil, S. T., & Zhao, Y. (2002). Learning orientation, firm innovation capability, and firm performance. Industrial marketing management, 31(6), 515-524.
Camelo-Ordaz, C., Garcia-Cruz, J., Sousa-Ginel, E., & Valle-Cabrera, R. (2011). The influence of human resource management on knowledge sharing and innovation in Spain: the mediating role of affective commitment. The International Journal of Human Resource Management, 22(07), 1442-1463.
Čater, Tomaž, and Čater, Barbara. (2009).Tangible resources as antecedents of a company's competitive advantage and performance. Journal for East European Management Studies, 14(2), 186-209.
Cohen, W. M., & Levinthal, D. A. (1990). Absorptive capacity: A new perspective on learning and innovation. Administrative science quarterly, 35(1), 128-152.
Collis, D. J. (1994). Research note: How valuable are organizational capabilities. Strategic management journal, 15(8), 143-152.
Collis, D. J., & Montgomery, C. A. (1995). Competing on resources: Strategy in the 1990s. Knowledge and Strategy, 73(4), 25-40.
Dalton, D. R., Todor, W. D., Spendolini, M. J., Fielding, G. J., & Porter, L. W. (1980). Organization structure and performance: A critical review. Academy of Management Review, 5(1), 49-64.
Damanpour, F. (1987). The adoption of technological, administrative, and ancillary innovations: Impact of organizational factors. Journal of management, 13(4), 675-688.
Damanpour, F. (1991). Organizational innovation: A meta-analysis of effects of determinants and moderators. Academy of management journal, 34(3), 555-590.
Damanpour, F., & Evan, W. M. (1984). Organizational innovation and performance: the problem of "organizational lag". Administrative science quarterly, 29(3), 392-409.
Damanpour, F. & Gopalakrishnan, S. (2001). The dynamics of the adoption of product and process innovations in organizations. Journal of Management Studies, 38(1), 45-65.
Damanpour, F., Szabat, K. A., & Evan, W. M. (1989). The relationship between types of innovation and organizational performance. Journal of Management Studies, 26(6), 587-602.
Damanpour, F., Walker, R. M., & Avellaneda, C. N. (2009). Combinative effects of innovation types and organizational performance: A longitudinal study of service organizations. Journal of Management Studies, 46(4), 650-675.
Dewar, R. D., & Dutton, J. E. (1986). The adoption of radical and incremental innovations: An empirical analysis. Management science, 32(11), 1422-1433.
Dodgson, M., & Gann, D. (2010). Innovation: A very short introduction. Oxford, England: Oxford University Press.
Edvinsson, L. (1997). Developing intellectual capital at Skandia. Long range planning, 30(3), 320-373.
Edvinsson, L., & Malone, M. S. (1997). Intellectual capital: Realizing your company's true value by finding its hidden brainpower. NY: Harper Collins.
Edvinsson, L., & Sullivan, P. (1996). Developing a model for managing intellectual capital. European management journal, 14(4), 356-364.
Efimova, E., Kuznetsova, N., & Ramanauskas, J. (2014). Innovation diffusion as a catalyst for industrial company’s economic growth. Management Theory and Studies for Rural Business and Infrastructure Development, 36(3), 485-494.
Ettlie, J. E. (1980). Adequacy of stage models for decisions on adoption of innovation. Psychological Reports, 46(3), 991-995.
European Commission, High Level Expert Group on RICARDIS, & European Commission. Directorate
General for Research. (2006). Reporting intellectual capital to augment research, development and innovation in SMEs: Report to the Commission on the High Level Expert Group on RICARDIS. Encourage corporate measuring and reporting on research and other forms of intellectual capital, 22095). Retrieved from http://ec.europa.eu/invest-in-research/pdf/download_en/2006-2977_web1.pdf
Gopalakrishnan, S. (2000). Unraveling the links between dimensions of innovation and organizational performance. The Journal of High Technology Management Research, 11(1), 137-153.
Gopalakrishnan, S., & Damanpour, F. (1997). A review of innovation research in economics, sociology and technology management. Omega, 25(1), 15-28.
Grant, R. M. (1996). Toward a knowledge based theory of the firm. Strategic ManagementJjournal, 17(S2), 109-122.
Gunday, G., Ulusoy, G., Kilic, K., & Alpkan, L. (2011). Effects of innovation types on firm performance. International Journal of Production Economics, 133(2), 662-676.
Hall, B. H., Lotti, F., & Mairesse, J. (2009). Innovation and productivity in SMEs: empirical evidence for Italy. Small Business Economics, 33(1), 13-33.
Hall, R. (1992). The strategic analysis of intangible resources. Strategic Management Journal, 13(2), 135-144.
Hayton, J. C. (2005). Competing in the new economy: The effect of intellectual capital on corporate entrepreneurship in high-technology new ventures. R&D Management, 35(2), 137-155.
Hong, Y. P., Kim, Y., & Cin, B. C. (2015). Product-service system and firm performance: The mediating role of product and process technological innovation. Emerging Markets Finance and Trade, 51(5), 975-984.
Hsu, L. C., & Wang, C. H. (2012). Clarifying the effect of intellectual capital on performance: The mediating role of dynamic capability. British Journal of Management, 23(2), 179-205.
Hsu, Y., & Fang, W. (2009). Intellectual capital and new product development performance: The mediating role of organizational learning capability. Technological Forecasting and Social Change, 76(5), 664.
He, Z. L., & Wong, P. K. (2004). Exploration vs. exploitation: An empirical test of the ambidexterity hypothesis. Organization science, 15(4), 481-494.
Hormiga, E., Batista-canino, R., & Sánchez-medina, A. (2011). The role of intellectual capital in the success of new ventures. International Entrepreneurship and Management Journal, 7(1), 71-92.
Huang, H. C., Lai, M. C., & Lin, T. H. (2011). Aligning Intangible assets to innovation in biopharmaceutical industry. Expert Systems with Applications, 38(4), 3827-3834.
Jiménez-Jiménez, D., & Sanz-Valle, R. (2008). Could HRM support organizational innovation?. The International Journal of Human Resource Management, 19(7), 1208-1221.
Jorde, T. M., & Teece, D. J. (1990). Innovation and cooperation: Implications for competition and antitrust. The Journal of Economic Perspectives, 4(3), 75-96.
Kalkan, A., Bozkurt, Ö. Ç., & Arman, M. (2014). The impacts of intellectual capital, innovation and organizational strategy on firm performance. Procedia-Social and Behavioral Sciences, 150, 700-707.
Kaplan, R. S. & D. P. Norton. (1992). The balanced scorecard: Measures that drive performance. Harvard Business Review, 71-79.
Kianto, A., Hurmelinna-Laukkanen, P., & Ritala, P. (2010). Intellectual capital in service-and product-oriented companies. Journal of Intellectual Capital, 11(3), 305-325.
Schwab, K. (2014). The Global competitiveness report 2014–2015. Geneva, Switzerland:
World Economic Forum.
Klein, D. A., & Prusak, L. (1994). Characterising Intellectual capital. Cambridge, MA, Centre for Business Innovation, Ernst and Young.
Kotsemir, M., Abroskin, A., & Dirk, M. (2013). Innovation Concepts and Typology- an Evolutionary Discussion. MPRA Paper, 46667. Retrieved from https://mpra.ub.uni-muenchen.de/ 46667/
Kunc, M. H., & Morecroft, J. D. (2010). Managerial decision making and firm performance under a resource based paradigm. Strategic Management Journal, 31(11), 1164-1182.
Lee, J. Y. (2011). Incremental innovation and radical innovation: The impacts of human, structural, social, and relational capital elements. (Doctor of Philosophy Dissertation. Michigan State University).
Lenz, R. T. (1980). Environment, strategy, organization structure and performance: Patterns in one industry. Strategic Management Journal, 1(3), 209-226.
Lev, B. (2001). Intangibles: Management, measurement, and reporting. Washington, D.C.: Brookings Institution Press.
Longo, M., & Mura, M. (2011). The effect of intellectual capital on employees’ satisfaction and retention. Information & Management, 48(7), 278-287.
Maes, J., & Sels, L. (2014). SMEs' radical product innovation: The role of internally and externally oriented knowledge capabilities. Journal of Small Business Management, 52(1), 141-163.
Mahoney, J. T., & Pandian, J. R. (1992). The resource based view within the conversation of strategic management. Strategic management journal, 13(5), 363-380.
Marr, B. (2006). Strategic performance management: leveraging and measuring your intangible value drivers. Strategic Direction, 24(1), 71-72.
Marr, B., Schiuma, G., & Neely, A. (2004). The dynamics of value creation: Mapping your intellectual performance drivers. Journal of Intellectual Capital, 5(2), 312-325.
Menguc, B., Auh, S., & Yannopoulos, P. (2014). Customer and supplier involvement in design: The moderating role of incremental and radical innovation capability. Journal of Product Innovation Management, 31(2), 313-328.
Mention, A. L. (2012). Intellectual capital, innovation and performance: A systematic review of the literature. Business and Economic Research, 2(1), 1-37.
Miller, D., & Friesen, P. H. (1982). Innovation in conservative and entrepreneurial firms: Two models of strategic momentum. Strategic management journal, 3(1), 1-25.
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