Testing the Relationship Between Resource Availability and Innovation in the Construction Industry
| Authors | |
|---|---|
| Year of publication | 2016 |
| Type | Article in Proceedings |
| Conference | Proceedings of the 11th European Conference on Innovation and Entrepreneurship |
| MU Faculty or unit | |
| Citation | |
| Field | Management and administrative |
| Keywords | Innovation; resources; reputation; construction industry |
| Description | This study focuses on testing the importance of the availability of intangible resources for increasing product innovation. The relationship is verified quantitatively on a sample of 245 SMEs in the construction industry. Small businesses are the ones which struggle most with a lack of resources, while the construction industry lags behind the manufacturing industry in both product and process innovation. The question remains which resources contribute to higher product innovation in small and medium-sized companies within the construction industry. Studies have analysed the influence of individual resources on innovation. This study analyses organizational and reputational resources in relation to innovation output and tests the influence of third variables (the age of the business, strategic focus and the owner’s active involvement in the business). In the case of SMEs in the construction industry, a lack of reputation and stable cooperation with suppliers leads to higher innovation output. The relationship between cooperation and innovation performance is moderated by the strategic focus of the company. |
| Related projects: |