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MSMEs' innovation: a barrier approach

Journal of Small Business and Enterprise Development, ISSN: 1462-6004, Vol: 31, Issue: 3, Page: 552-573
2024
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Article Description

Purpose: This article presents a comprehensive analysis of innovation in micro, small and medium enterprises (MSMEs) in India, focusing on the barriers and facilitators within their internal and external ecosystems. Design/methodology/approach: A self-administered questionnaire was used to collect data from 1430 MSMEs across India, employing Structural Equation Modeling (SEM) to analyze the relationships between internal and external factors and innovation adaptation. Findings: The findings indicate that factors such as top management and organization structure, communication, technological capability and adaptation and organizational culture have a positive impact on innovation adaptation within the internal environment. Conversely, employee and market orientation, as well as financial factors, have a negative influence. Regarding the external environment, industry and competitive analysis, internationalization and partner alliances were found to positively affect innovation adaptation, whereas the country's infrastructure and policies had a negative impact. Originality/value: The study emphasizes that MSMEs have the potential to leverage their internal and external environments to foster innovation within their organizations.

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