engleski

Innovativeness and Business Performances: Empirical Evidence from Bosnia and Herzegovina's Small Sized Firms

Innovation and innovative activities in today’s business environment have become conditio sine qua non of contemporary organizations’ survival and development. Although there is a multitude of innovation researches in the literature, those oriented on small-sized firms, especially researches that are focused on relationship between small-sized firms’ innovativeness and their business performances, are scarce. Therefore, the purpose of this paper is to examine mentioned and in relevant literature presumed relationship between small-sized firms’ innovativeness and their business performances, and to provide new empirical insights. In order to achieve this objective empirical research was conducted on the sample of 151 small-sized firms in Bosnia and Herzegovina, findings of which suggest on interesting inferences such as that different types of innovation introduced (product or process) in small-sized firms have the same influence on their business performances.

innovation; innovation types; organizational innovativeness; business performance; balanced business performance measurement systems

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