A counting multidimensional innovation index for SMEs

Nuno Campos Pereira, Nuno Araújo, Leonardo Costa*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

5 Citations (Scopus)
14 Downloads

Abstract

Purpose: The purpose of this paper is to develop a multidimensional innovation index (MII) framework for measuring and benchmarking multidimensional innovation of small and medium enterprises (SMEs) and groups of SMEs. Design/methodology/approach: A counting dual cut-off method is employed. First, output and input innovation profiles and composite scores of individual SMEs are computed. Second, a set of four composite innovation indices are generated characterizing the group of SMEs under analysis: MIIo and MIIi measure multidimensional output and input innovation, respectively; while MIIr and MIIa assess the ratio and average of MIIo and MIIi, respectively. To test the MII framework, a survey was conducted among SMEs of the metalworking industry in Portugal. Findings: In 2012, about 28.9 percent (42.2 percent) SMEs of the Portuguese metalworking industry were determined to be multidimensional output (input) innovative. The average percentage of dimensions for which output (input) innovative SMEs were innovative was 65.0 percent (66.0 percent). Thus, the industry MII vector was (MIIo; MIIi; MIIr; MIIa)=(0.188, 0.279, 0.674; 0.233). Significant differences were found across the industry, individual SMEs’ multidimensional output and input innovation scores, enabling the identification of groups of SMEs, which can be characterized and compared by computing the corresponding and specific MII vectors. Research limitations/implications: The research has limitations because of the small size of the sample and the benchmarking possibilities it provides. Originality/value: The novelty of the MII framework lies in the counting dual cut-off method employed.
Original languageEnglish
Pages (from-to)2-23
Number of pages22
JournalBenchmarking
Volume25
Issue number1
DOIs
Publication statusPublished - 2018

Keywords

  • Counting dual cut-off method
  • Innovation
  • Multidimensional innovation index
  • Portuguese metalworking industry
  • SMEs

Fingerprint

Dive into the research topics of 'A counting multidimensional innovation index for SMEs'. Together they form a unique fingerprint.

Cite this