Does Innovation make a Difference? An Analysis of the Performance of Micro Andsmall Enterprises in the Foodservice Industry Outros Idiomas

PURPOSE – This paper aims to identify and measure the impact of the types of innovation on micro and small enterprises’ performance in the foodservice industry. DESIGN/METHODOLOGY/APPROACH – A sample of 55 micro and small enterprises located in the Recife Metropolitan Area in Pernambuco were considered for the purpose of the analysis. All the firms were registered in the Agente Local de Inovação (ALI) program during the period of 2015 and 2016. The innovations developed by the firms were identified and measured using the sectorial innovation index, and the firm’s performance was calculated by the annual revenue. The impact of the innovations on performance was measured using multiple linear regression and quantile regression. FINDINGS – The regressions’ findings suggest that two innovation dimensions stand out concerning firm performance, that is, brand and customer experience are thought as to contribute to firm performance significantly. However, it has also been found that the contribution of the innovations may vary in the level of firm performance. ORIGINALITY/VALUE – The paper was distinguished by analyzing the relationship between innovation and firm performance in the context of micro and small enterprises. The research also allowed knowing the innovations that can contribute to the micro and small enterprises’ performance, allowing such organizations to identify and develop the innovations seen as necessary for their competitiveness.
Citação ABNT:
VASCONCELOS, R.; OLIVERIA, M. Does Innovation make a Difference? An Analysis of the Performance of Micro Andsmall Enterprises in the Foodservice Industry. Innovation and Management Review, v. 15, n. 2, p. 137-154, 2018.
Citação APA:
Vasconcelos, R., & Oliveria, M. (2018). Does Innovation make a Difference? An Analysis of the Performance of Micro Andsmall Enterprises in the Foodservice Industry. Innovation and Management Review, 15(2), 137-154.
Link Permanente:
Tipo de documento:
Adcock, C.; Hua, X.; Mazouz, K.; Yin, S. (2014). Does the stock market reward innovation?European stock index reaction to negative news during the global financial crisis. Journal of International Money and Finance, v. 49, n. 1, pp. 470-491.

Bachmann, D. L.; Destefani, J. H. (2008). Metodologia Para Estimar o Grau Das Inovações Nas MPE, SEBRAE, Curitiba.

Baregheh, A.; Rowley, J.; Sambrook, S.; Davies, D. (2012). Innovation in food sector SMEs. Journal of Small Business and Enterprise Development, v. 19, n. 2, pp. 300-321.

Batterink, M.; Wubben, E.; Omta, S. (2006). Factors related to innovative output in the Dutch agrifood industry. Journal on Chain and Network Science, v. 6, n. 1, pp. 31-45.

Bayarçelik, E.; Tasel, F.; Apak, S. (2014). A research on determining innovation factors for SMEs. Procedia - Social and Behavioral Sciences, v. 150, n. 8, pp. 202-211.

Bianchini, S.; Pellegrino, G.; Tamagni, F. (2014). Innovation strategies and firm growth: new longitudinal evidence from Spanish firms. Technical Report, Laboratory of Economics and Management (LEM). Sant’Anna School of Advanced Studies.

Bianchini, S.; Pellegrino, G.; Tamagni, F. (2016). Innovation strategies and firm growth. LEM Working Papers 2016/10, Institut d’Economia de Barcelona.

Bigliardi, B. (2013). The effect of innovation on financial performance: a research study involving SMEs. Innovation: Management, Policy and Practice, v. 15, n. 2, pp. 245-256.

Bigliardi, B.; Galati, F. (2013). Innovation trends in the food industry: the case of functional foods. Trends in Food Science and Technology, v. 31, n. 2, pp. 118-129.

Boachie-Mensah, F.; Acquah, I. S. K. (2015). The effect of innovation types on the performance of small and medium-sized enterprises in the Sekondi-Takoradi metropolis. Archives of Business Research, v. 3, n. 3, pp. 77-98.

BRASIL. (2006). Institui o Estatuto Nacional da Microempresa e da Empresa de Pequeno Porte. Lei Complementar, n. 123, de 14 de Dezembro de 2006.

Capitanio, F.; Coppola, A.; Pascucci, S. (2010). Product and process innovation in the Italian food industry. Agribusiness, v. 26, n. 4, pp. 503-518.

Chong, H. G. (2008). Measuring performance of small-and-medium sized enterprises: the grounded theory approach. Journal of Business and Public Affairs, v. 2, n. 1, pp. 1-10.

Coad, A.; Rao, R. (2008). Innovation and firm growth in high-tech sectors: a quantile regression approach. Research Policy, v. 37, n. 4, pp. 633-648.

Coad, A.; Segarra, A.; Teruel, M. (2013). Like milk or wine: does firm performance improve with age? Structural Change and Economic Dynamics, v. 24, n. 8, pp. 173-189.

Coad, A.; Segarra, A.; Teruel, M. (2016). Innovation and firm growth: does firm age play a role?. Research Policy, v. 45, n. 2, pp. 387-400.

Collins, C. J.; Smith, K. G. (2006). Knowledge exchange and combination: the role of human resource practices in the performance of high-technology firms. Academy of Management Journal, v. 49, n. 3, pp. 544-560.

Combs, J. G.; Crook, T. R.; Shook, C. L. (2005). The dimensionality of organizational performance and its implications for strategic management research. In: Ketchen, D.J.; Bergh, D.D.(Eds). Research Methodology in Strategy and Management, Elsevier, San Diego, pp. 259-286.

Correia, P. C.; Lahorgue, M. A.; Schmidt, C. (2010). Inovação e tecnologia: fatores determinantes e necessários para a competição das empresas. VI Encontro De Estudos Sobre Empreendedorismo e Gestão De Pequenas Empresas, ANEGEPE, Recife.

Damanpour, F. (1990). Innovation effectiveness, adoption and organizational performance. In West, M.A.; Farr, J.L. (Eds). Innovation and Creativity at Work: Psychological and Organizational Strategies, John Wiley and Sons, Chichester, pp. 125-141.

Drucker, P. F. (1985). Innovation and Entrepreneurship: Practice and Principles, Harper and Row, New York, NY.

Galanakis, C. (2016). Innovation Strategies in the Food Industry: Tools for Implementation, Elsevier, London.

Grant, K.; Edgar, D.; Sukumar, A.; Meyer, M. (2014). Risky business: perceptions of e-business risk by UK small and medium sized enterprises (SMEs). International Journal of Information Management, v. 34, n. 2, pp. 99-122.

Gujarati, D. N.; Porter, D. C. (2011). Econometria Básica, AMGH, Porto Alegre.

Gunday, G.; Ulusoy, G.; Kilic, K.; Alpkan, L. (2011). Effects of innovation types on firm performance. International Journal of Production Economics, v. 133, n. 2, pp. 662-676.

Hall, B. (1999). Innovation and market value. NBER Working Paper 6984. National Bureau of Economic Research.

Ismail, K.; Omar, W.Z.W.; Soehod, K.; Senin, A.A.; Akhtar, C.S. (2014). Role of innovation in SMEs performance: a case of Malaysian SMEs. II International Conference on Economics and Business Administration. INASE, Praga.

Johne, A.; Davies, R. (2000). Innovation in medium-sized insurance companies: how marketing adds value. International Journal of Bank Marketing, v. 18, n. 1, pp. 6-14.

Kacmar, K. M.; Andrews, M. C.; Van Rooy, D. L.; Steilberg, R. C.; Cerrone, S. (2006). Sure everyone can be replaced but at what cost? Turnover as a predictor of unit-level performance. Academy of Management Journal, v. 49, n. 1, pp. 133-144.

Kalay, F.; Lynn, G. S. (2015). The impact of strategic innovation management practices on firm innovation performance. Research Journal of Business and Management, v. 2, n. 3, pp. 412-429.

Kemp, R. G. M.; Folkeringa, M.; Jong, J. P. J.; Wubben, E. F. M. (2003). Innovation and firm performance. Research Report H200207.

Kuswantoro, F.; Rosli, M. M.; Abdul, R.; Ghorbani, H. (2012). Impact of distribution channel innovation on the performance of small and medium enterprises. Journal of Innovation Management in Small & Medium Enterprise, v. 5, n. 1, pp. 52-61.

Lin, C. Y.; Chen, M. Y. (2007). Does innovation lead to performance?An empirical study of SMEs in Taiwan. Management Research News, v. 30, n. 2, pp. 115-132.

Lööf, H.; Heshmati, A. (2006). On the relationship between innovation and performance: a sensitivity analysis. Economics of Innovation and New Technology, v. 15 Nos 4/5, pp. 317-344.

Maltz, A.; Shenhar, A.; Reilly, R. (2003). Beyond the balanced scorecard: refining the search for organizational success measures. Long Range Planning, v. 36, n. 2, pp. 187-204.

Marques, C. S.; Ferreira, J. (2009). SME innovative capacity, competitive advantage and performance in a ‘traditional’ industrial region of Portugal. Journal of Technology Management & Innovation, v. 4, n. 4, pp. 53-68.

Mata, J.; Woerter, M. (2013). Risky innovation: the impact of internal and external R&D strategies upon the distribution of returns. Research Policy, v. 42, n. 2, pp. 495-501.

Mauboussin, M. J. (2012). The true measures of success. Harvard Business Review.

Moskowitz, H.; Li, K.; Bolini, H.; Batalvi, B. (2016). Consumer driven and consumer perceptible food innovation. In Galanakis, C.M. (Ed.). Innovation Strategies in the Food Industry: Tools for Implementation. Elsevier, London. pp. 91-116.

Nooteboom, B. (1994). Innovation and diffusion in small firms: theory and evidence. Small Business Economics, v. 6, n. 5, pp. 327-347.

Oke, A.; Burke, G.; Myers, A. (2007). Innovation types and performance in growing UK SMEs. International Journal of Operations & Production Management, v. 27, n. 7, pp. 735-753.

Oliveira, M. R. G.; Cavalcanti, A. M.; Paiva Júnior, F. G.; Marques, D. B. (2014). Mensurando a inovação por meio do grau de inovação setorial e do característico setorial de inovação. Review of Administration and Innovation - Rai, v. 11, n. 1, pp. 115-137.

Rosenbusch, N.; Brinckmann, J.; Bausch, A. (2011). Is innovation always beneficial? A meta-analysis of the relationship between innovation and performance in SMEs. Journal of Business Venturing, v. 26, n. 4, pp. 441-457.

Rosli, M. M.; Sidek, S. (2013). Innovation and firm performance: evidence from Malaysian small and medium enterprises. XX Ibima Conference, IBIMA, Kuala Lumpur

Sawhney, M.; Wolcott, R. C.; Arroniz, I. (2006). The 12 different ways for companies to innovate. MIT Sloan Management Review, v. 47, n. 3, pp. 75-81.

Scherer, F.M. (1988). Testimony before the Subcommittee on Monopolies and Commercial Law, Committee on the Judiciary, US House of Representatives.

Schiefer, G.; Deiters, J. (2016). Food innovation dynamics and network support. In Galanakis, C. M. (Ed.). Innovation Strategies in the Food Industry: Tools for Implementation, Elsevier, London, pp. 1-17.

Schumpeter, J. A. (1998). A Teoria Do Desenvolvimento Econômico. Nova Cultural, São Paulo.

Serviço Brasileiro de Apoio às Micro e Pequenas Empresas (SEBRAE). (2013). Sobrevivência Das Empresas No Brasil. SEBRAE, Brasília.

Thornhill, S. (2006). Knowledge, innovation and firm performance in high and low-technology regimes. Journal of Business Venturing, v. 21, n. 5, pp. 687-703.

Varis, M.; Littunen, H. (2010). Types of innovation, sources of information and performance in entrepreneurial SMEs. European Journal of Innovation Management, v. 13, n. 2, pp. 128-154.

Zawislak, P.; Alves, C. A.; Tello-Gamarra, J.; Barbieux, D.; Reichert, F. (2012). Innovation capability: from technology development to transaction capability. Journal of Technology Management & Innovation, v. 7, n. 2, pp. 14-27.