Factors in the development of innovation in small and medium-sized enterprises
https://doi.org/10.35854/1998-1627-2025-11-1461-1471
Abstract
Aim. The work aimed to identify the factors that are most significant for small and mediumsized enterprises in their innovation activities.
Objectives. The work seeks to conduct a systematic review and identify factors influencing the innovative development of small and medium-sized enterprises (SMEs) based on an analysis of published works by Russian and international scholars, as well as to identify the determinants of increasing the innovative potential of SMEs.
Methods. The authors used a content analysis of publications by various researchers on the topic under consideration, as well as the analytic hierarchy process as a tool for identifying the most significant factors and criteria for enhancing the SME innovative development.
Results. The most significant factors were found to be management competencies, technological potential, and financial aspects. The study demonstrates that these factors, as well as the criteria that shape each of them, are key in determining the innovative activity of SMEs. The results of the hierarchy analysis indicate the need for an integrated approach to developing SME innovation, including improving management practices, modernizing the technological base, and ensuring financial stability.
Conclusions. The work presents a list of factors determining SME innovation development based on content analysis. The application of the hierarchy analysis method enabled to develop a hierarchical model and rank the identified factors according to their influence on the SME innovation activities. A formalized approach to verifying the consistency of expert judgments was used to verify the reliability and coherency of the data. Interpretation of the final priority vector calculations helped identify and reveal the dominant role of three determinants, namely the company’s technological potential, the level of development of management competencies, and the financial and economic conditions that determine the SME innovation activities.
About the Authors
I. I. Aubekirov
Moscow University “Synergy”
Russian Federation
Competing Interests:
Russian Federation
Ilyas I. Aubekirov, postgraduate student
80 Leningradskiy Ave., bldg. G, Moscow 125315
Competing Interests:
the authors declare no conflict of interest related to the publication of this article.
A. Yu. Anisimov
Moscow University “Synergy”
Russian Federation
Competing Interests:
Russian Federation
Alexander Yu. Anisimov, PhD in Economics, Associate Professor, Deputy Director for Education and Methodology of the Faculty of Information Technology, Associate Professor at the Department of Information Management named after Professor V. V. Dik
80 Leningradskiy Ave., bldg. G, Moscow 125315
Competing Interests:
the authors declare no conflict of interest related to the publication of this article.
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Review
For citations:
Aubekirov I.I., Anisimov A.Yu. Factors in the development of innovation in small and medium-sized enterprises. Economics and Management. 2025;31(11):1461-1471. (In Russ.) https://doi.org/10.35854/1998-1627-2025-11-1461-1471
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