IMPLEMENTATION OF DIFFERENT TYPES OF INNOVATIONS SIDE BY SIDE: CASE OF SMEs IN FINLAND

Abstract

The aim of this study is to analyse how firms combining the use of all types of innovation during a certain period differ from other firms. Zhang (2022) argues that side-by-side innovation practices are understudied in the innovation literature. The paper is based on the OECD typology of innovation (product, process, marketing and organisational). This study offers a new and timely perspective on the innovation literature by examining firms’ side-by-side innovation practices, which are understudied in the innovation literature. The paper is based on data from 387 Finnish SMEs and analyses the factors related to the innovativeness of SMEs. The research provides comprehensive information on how different factors contribute to the emergence of SME innovation practices and create competitive combinations of their resources in the form of side-by-side implementation of different types of innovation.