Drivers of Technological Innovation in SMEs During Covid-19 Times : An Analysis in the Caribbean Region Using ICONOS Program Database
(2022) 20th Workshop on e-Business, WeB 2021 In Lecture Notes in Business Information Processing 443 LNBIP. p.3-14- Abstract
Technological innovation is still a challenge for SMEs in emerging countries, mainly due to the lack of financial, structural, capital, and proper managerial resources. Covid-19 presented a scenario that increased difficulties for companies, especially of this kind, and at the same time presented a necessity-driven impulse to look for innovative solutions. This study aimed to analyze the drivers of technological innovations of SMEs of the Caribbean Region, during what was considered locally the most critical period of covid-19 pandemic. Data was obtained from ICONOS program, a local government initiative that support the systemic development of innovations and support to consolidate organizational and regional competitive advantage. A... (More)
Technological innovation is still a challenge for SMEs in emerging countries, mainly due to the lack of financial, structural, capital, and proper managerial resources. Covid-19 presented a scenario that increased difficulties for companies, especially of this kind, and at the same time presented a necessity-driven impulse to look for innovative solutions. This study aimed to analyze the drivers of technological innovations of SMEs of the Caribbean Region, during what was considered locally the most critical period of covid-19 pandemic. Data was obtained from ICONOS program, a local government initiative that support the systemic development of innovations and support to consolidate organizational and regional competitive advantage. A sample of 28 innovation projects – in which 11 are already active and functional - was considered, using coding to establish the main relations and topics emerging from the different proposals. Results show covid-19 was considered both as an antecedent and as a parameter for market orientation, suggesting a rapid response from these companies when facing economic and social changes. Healthcare, education, and agriculture were found as key sectors. Potential competitive advantages were designed on three major aspects: usability, accessibility, and sustainability. The majority of the cases presented a market pull innovation flow, predominantly focusing on covid-19 related needs and consequent solutions.
(Less)
- author
- Pozzo, Danielle Nunes and Porras-Paez, Andrea
- publishing date
- 2022
- type
- Chapter in Book/Report/Conference proceeding
- publication status
- published
- subject
- keywords
- Drivers, Innovation, SMEs, Technological innovation
- host publication
- From Grand Challenges to Great Solutions : Digital Transformation in the Age of COVID-19 - 20th Workshop on e-Business, WeB 2021, Revised Selected Papers - Digital Transformation in the Age of COVID-19 - 20th Workshop on e-Business, WeB 2021, Revised Selected Papers
- series title
- Lecture Notes in Business Information Processing
- editor
- Fan, Shaokun ; Ilk, Noyan ; Shan, Zhe and Zhao, Kexin
- volume
- 443 LNBIP
- pages
- 12 pages
- publisher
- Springer
- conference name
- 20th Workshop on e-Business, WeB 2021
- conference location
- Virtual, Online
- conference dates
- 2021-12-11 - 2021-12-11
- external identifiers
-
- scopus:85128709407
- ISSN
- 1865-1356
- 1865-1348
- ISBN
- 978-3-031-04126-6
- 9783031041259
- DOI
- 10.1007/978-3-031-04126-6_1
- language
- English
- LU publication?
- no
- additional info
- Publisher Copyright: © 2022, Springer Nature Switzerland AG.
- id
- e496f21a-5a18-44f1-abd8-18cb662b9f0b
- date added to LUP
- 2023-10-26 14:10:20
- date last changed
- 2024-04-19 02:55:04
@inproceedings{e496f21a-5a18-44f1-abd8-18cb662b9f0b,
abstract = {{<p>Technological innovation is still a challenge for SMEs in emerging countries, mainly due to the lack of financial, structural, capital, and proper managerial resources. Covid-19 presented a scenario that increased difficulties for companies, especially of this kind, and at the same time presented a necessity-driven impulse to look for innovative solutions. This study aimed to analyze the drivers of technological innovations of SMEs of the Caribbean Region, during what was considered locally the most critical period of covid-19 pandemic. Data was obtained from ICONOS program, a local government initiative that support the systemic development of innovations and support to consolidate organizational and regional competitive advantage. A sample of 28 innovation projects – in which 11 are already active and functional - was considered, using coding to establish the main relations and topics emerging from the different proposals. Results show covid-19 was considered both as an antecedent and as a parameter for market orientation, suggesting a rapid response from these companies when facing economic and social changes. Healthcare, education, and agriculture were found as key sectors. Potential competitive advantages were designed on three major aspects: usability, accessibility, and sustainability. The majority of the cases presented a market pull innovation flow, predominantly focusing on covid-19 related needs and consequent solutions.</p>}},
author = {{Pozzo, Danielle Nunes and Porras-Paez, Andrea}},
booktitle = {{From Grand Challenges to Great Solutions : Digital Transformation in the Age of COVID-19 - 20th Workshop on e-Business, WeB 2021, Revised Selected Papers}},
editor = {{Fan, Shaokun and Ilk, Noyan and Shan, Zhe and Zhao, Kexin}},
isbn = {{978-3-031-04126-6}},
issn = {{1865-1356}},
keywords = {{Drivers; Innovation; SMEs; Technological innovation}},
language = {{eng}},
pages = {{3--14}},
publisher = {{Springer}},
series = {{Lecture Notes in Business Information Processing}},
title = {{Drivers of Technological Innovation in SMEs During Covid-19 Times : An Analysis in the Caribbean Region Using ICONOS Program Database}},
url = {{http://dx.doi.org/10.1007/978-3-031-04126-6_1}},
doi = {{10.1007/978-3-031-04126-6_1}},
volume = {{443 LNBIP}},
year = {{2022}},
}