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Modelling Factors of Innovation Management for Its Implementation in MSMEs of Developing Countries: An IRP Approach

  • Bisma MannanEmail author
  • Abid Haleem
Chapter
Part of the Contributions to Management Science book series (MANAGEMENT SC.)

Abstract

Innovation management is vital for the growth and development of the global economy. Micro, small and medium enterprises (MSMEs) have emerged as a dynamic and vibrant part of the economy of the developing countries. MSMEs are auxiliary units of large organisations, and this segment contributes towards the development and growth of developing countries and also contributes to the socio-economic development. In the past, the majority of researches on innovation management were concentrated on large organisations of developed countries. Therefore, in this study, the critical factors (CFs) of innovation management have been identified which influence MSMEs of developing countries and after that develop a model of CFs utilising Interpretive Ranking Process (IRP) approach that helps in improving the competitiveness of MSMEs. IRP result shows that the governance followed by funding has the high dominating power which drives the other CFs. This study gives an insight and overall idea about the innovation management of CFs. Understanding CFs and performance variables of innovation management in MSMEs is essential for both academicians and practitioners for the growth and the development of the organisation as well as the economy of developing countries as a whole.

Keywords

Critical factors (CFs) Developing countries Innovation management Interpretive Ranking Process (IRP) Micro, small and medium enterprises (MSMEs) Modelling Performance measures 

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© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.Department of Mechanical EngineeringSharda UniversityGreater NoidaIndia
  2. 2.Department of Mechanical Engineering, Faculty of Engineering and TechnologyJamia Millia IslamiaNew DelhiIndia

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