engleski

Innovations as a performance factor for micro- enterprises in the region of Slavonia and Baranja

Innovations represent one of the sources of growth and development of SMEs and therefore the purpose and objective of this paper is to examine the type and number of innovations in micro-enterprises in the region of Slavonia and Baranja, and explore whether innovations can be considered as performance factors of micro- enterprises. The paper analyses the results of the empirical research on a sample of 112 micro- enterprises from the processing industry, construction industry and agriculture, forestry and fisheries from Slavonia and Baranja region. Appropriate statistical and mathematical methods have been used for the generation and interpretation of research results. The results showed statistically significant positive correlation: between the number of innovations and business performance of micro-enterprises, between the individual factors of business success and financial indicators of business efficiency and overall business performance, as well as between investments in improving organizational or business processes and financial indicators of business success. Scientific and applicative contribution of this paper is reflected in the findings of empirical research.

Performance factors ; Innovations ; Micro-enterprises ; Region of Slavonia and Baranja

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