Role of Technological Innovation in Improving Manufacturing Performance: A Review
MSMEs are regarded as the sunrise sector of the
Indian economy in view of its large potential for growth and likely
socio economic impact specifically on employment and income
generation. In today’s competitive business environment, global
competition forces companies to continuously seek ways of
improving their products and services. The pressure on organizations
to adapt to new technologies and external threats requires
resourcefulness, creativity and innovation. Market has become more
open, competitive and customers more demanding. Without
continuous technology innovation, no organization can ever remain
competitive. Innovations reflect a critical way in which organizations
respond to either technological or market challenges. The need of the
market is to deliver high quality products through continuous
changing in features in product, improve existing products, reduce
their cost, and improve employee skills, training, technology
infrastructure and financial policies. Therefore, the key factor of
organization’s ability to change is innovation. The study presents a
detailed review of literature on the role of technology innovation in
improving manufacturing performance of industries.
[1] Qinglan, Q. and Yingbiao, C. “SME, Technological Innovation and
Regional Environment: The Case of Guangdong, China”, Procedia Earth
and Planetary Science, Vol.2, 2011, pp. 327-333.
[2] De Toni, A. and Nassimbeni, G. “Strategic and operational choices for
small subcontracting firms- Empirical results and an interpretative
mode”, International Journal of Operations and Production Management.
Bradford, Vol. 16, 1996, pp. 41.
[3] Keogh, W. and Stewart, V. “Identifying the skill requirements of the
workforce in SMEs: Findings from a European Social Fund Project”,
Journal of Small Business and Enterprise Development, Vol. 8, No. 2,
2000, pp. 140-149.
[4] Hyland, P. and Beckett, R. “Engendering an innovative culture and
maintaining operational balance”, Journal of Small Business and
Enterprise Development, Vol. 12, No. 3, 2005, pp. 336-35.
[5] Ozgen, Olcer, H. and Ferit “An evaluative study of innovation
management practices in Turkish firms”, International Journal of
Business Research, Vol. 7, No. 2, 2007, pp. 46-55.
[6] Terziovski, M. “Innovation practice and its performance implications in
small and medium Enterprises (SMEs) in the manufacturing Sector: A
resource-based view”, Strategic Management Journal, Vol. 31, No. 4,
2010, pp. 892-902.
[7] Yam, R.C.M., Lo, W., Tang, P.Y.E. and Lau, A.K.M. “Technological
Innovation Capabilities and Firm Performance” World Academy of
Science, Engineering and Technology, Vol. 42, 2010, pp. 1009-1017.
[8] Lendel, V. and Varmus, M. “Creation and Implementation of the
Innovation Strategy in the Enterprise”, Economics and Management,
Vol. 16, 2011, pp. 819-825.
[9] Necadova, M. and Scholleova, H. “Motives and barriers of innovation
behavior of companies”, Economics and Management, Vol. 16, 2011, pp.
832-839.
[10] Juan A., Isidoro R., Martinez R. “Self-employment and innovation.
Exploring the determinants of innovative behavior in small businesses”,
Research Policy, Vol. 41, No. 1, 2012, pp. 178-189.
[11] Romero, I. and Martinez-Roman, J.A. “Self-employment and
innovation. Exploring the determinants of innovative behavior in small
businesses”, Research Policy, Vol. 41, 2012, pp. 178– 189.
[12] Schlogl, H. “Small and medium enterprises: Seizing the potential”,
Organizational for Economic Cooperation and Development, OECD
Observer No. 243, May 2004.
[13] Vohra, K. “Export-Marketing Problems of SMEs: the case of Ludhiana”,
A Dissertation presented in part consideration for the degree of “MA
Marketing”, The University of Nottingham, 2008.
[14] Nanda, T. and Singh, T.P. “An assessment of the technology innovation
initiatives in the Indian small manufacturing industry”, International
Journal of Technology, Vol. 9, No. 2, 2009, pp. 173-207.
[15] Subrahmanya, B.M.H., Mathirajan, M. and Krishnaswamy, K.N.
“Innovation for SME Growth Evidence from India”, United Nations
University, Working Paper No. 3, 2010.
[16] Thampy, A. “Financing of SME firms in India”, IIMB Management
Review, Vol. 22, 2010, pp.93-101.
[17] Jeswal, R. “Role of SME in Indian Economy”, National Conference on
Emerging Challenges for Sustainable Business, 2012.
[18] Venkatesh, S. and Muthiah, K. “SMEs in India: Importance and
Contribution “, Asian Journal of Management Research, Research
Article, Vol. 2, No. 2, 2012, pp. 2229-3795.
[19] Davila, T., Marc, J. E. and Robert, S. “Making Innovation Work: How to
Manage It, Measure It, and Profit from It”, Upper Saddle River:
Wharton School Publishing. ISBN: 0-13-149786-3, 2006.
[20] Laranja, M. “The Development of Technology Infrastructure in Portugal
And The Need to Pull Innovation Using Proactive Intermediation
Policies”, Technovation, Vol. 29, 2009, pp. 23-34.
[1] Qinglan, Q. and Yingbiao, C. “SME, Technological Innovation and
Regional Environment: The Case of Guangdong, China”, Procedia Earth
and Planetary Science, Vol.2, 2011, pp. 327-333.
[2] De Toni, A. and Nassimbeni, G. “Strategic and operational choices for
small subcontracting firms- Empirical results and an interpretative
mode”, International Journal of Operations and Production Management.
Bradford, Vol. 16, 1996, pp. 41.
[3] Keogh, W. and Stewart, V. “Identifying the skill requirements of the
workforce in SMEs: Findings from a European Social Fund Project”,
Journal of Small Business and Enterprise Development, Vol. 8, No. 2,
2000, pp. 140-149.
[4] Hyland, P. and Beckett, R. “Engendering an innovative culture and
maintaining operational balance”, Journal of Small Business and
Enterprise Development, Vol. 12, No. 3, 2005, pp. 336-35.
[5] Ozgen, Olcer, H. and Ferit “An evaluative study of innovation
management practices in Turkish firms”, International Journal of
Business Research, Vol. 7, No. 2, 2007, pp. 46-55.
[6] Terziovski, M. “Innovation practice and its performance implications in
small and medium Enterprises (SMEs) in the manufacturing Sector: A
resource-based view”, Strategic Management Journal, Vol. 31, No. 4,
2010, pp. 892-902.
[7] Yam, R.C.M., Lo, W., Tang, P.Y.E. and Lau, A.K.M. “Technological
Innovation Capabilities and Firm Performance” World Academy of
Science, Engineering and Technology, Vol. 42, 2010, pp. 1009-1017.
[8] Lendel, V. and Varmus, M. “Creation and Implementation of the
Innovation Strategy in the Enterprise”, Economics and Management,
Vol. 16, 2011, pp. 819-825.
[9] Necadova, M. and Scholleova, H. “Motives and barriers of innovation
behavior of companies”, Economics and Management, Vol. 16, 2011, pp.
832-839.
[10] Juan A., Isidoro R., Martinez R. “Self-employment and innovation.
Exploring the determinants of innovative behavior in small businesses”,
Research Policy, Vol. 41, No. 1, 2012, pp. 178-189.
[11] Romero, I. and Martinez-Roman, J.A. “Self-employment and
innovation. Exploring the determinants of innovative behavior in small
businesses”, Research Policy, Vol. 41, 2012, pp. 178– 189.
[12] Schlogl, H. “Small and medium enterprises: Seizing the potential”,
Organizational for Economic Cooperation and Development, OECD
Observer No. 243, May 2004.
[13] Vohra, K. “Export-Marketing Problems of SMEs: the case of Ludhiana”,
A Dissertation presented in part consideration for the degree of “MA
Marketing”, The University of Nottingham, 2008.
[14] Nanda, T. and Singh, T.P. “An assessment of the technology innovation
initiatives in the Indian small manufacturing industry”, International
Journal of Technology, Vol. 9, No. 2, 2009, pp. 173-207.
[15] Subrahmanya, B.M.H., Mathirajan, M. and Krishnaswamy, K.N.
“Innovation for SME Growth Evidence from India”, United Nations
University, Working Paper No. 3, 2010.
[16] Thampy, A. “Financing of SME firms in India”, IIMB Management
Review, Vol. 22, 2010, pp.93-101.
[17] Jeswal, R. “Role of SME in Indian Economy”, National Conference on
Emerging Challenges for Sustainable Business, 2012.
[18] Venkatesh, S. and Muthiah, K. “SMEs in India: Importance and
Contribution “, Asian Journal of Management Research, Research
Article, Vol. 2, No. 2, 2012, pp. 2229-3795.
[19] Davila, T., Marc, J. E. and Robert, S. “Making Innovation Work: How to
Manage It, Measure It, and Profit from It”, Upper Saddle River:
Wharton School Publishing. ISBN: 0-13-149786-3, 2006.
[20] Laranja, M. “The Development of Technology Infrastructure in Portugal
And The Need to Pull Innovation Using Proactive Intermediation
Policies”, Technovation, Vol. 29, 2009, pp. 23-34.
@article{"International Journal of Business, Human and Social Sciences:69472", author = "Davinder Singh and Jaimal Singh Khamba and Tarun Nanda", title = "Role of Technological Innovation in Improving Manufacturing Performance: A Review", abstract = "MSMEs are regarded as the sunrise sector of the
Indian economy in view of its large potential for growth and likely
socio economic impact specifically on employment and income
generation. In today’s competitive business environment, global
competition forces companies to continuously seek ways of
improving their products and services. The pressure on organizations
to adapt to new technologies and external threats requires
resourcefulness, creativity and innovation. Market has become more
open, competitive and customers more demanding. Without
continuous technology innovation, no organization can ever remain
competitive. Innovations reflect a critical way in which organizations
respond to either technological or market challenges. The need of the
market is to deliver high quality products through continuous
changing in features in product, improve existing products, reduce
their cost, and improve employee skills, training, technology
infrastructure and financial policies. Therefore, the key factor of
organization’s ability to change is innovation. The study presents a
detailed review of literature on the role of technology innovation in
improving manufacturing performance of industries.
", keywords = "Competitive, Manufacturing performance, MSMEs,
Technological Innovation.", volume = "9", number = "1", pages = "398-5", }
