Product or process innovation? The dilemma for exporting SMEs in emerging economies: the case of the Colombian Caribbean

[EN] On the path to economic globalisation, companies are constantly facing opportunities and challenges in their pursuit of business survival and continuous improvement. Due to its strategic conception, innovation management seems to generate the transformations required in the current competitive...

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Bibliographic Details
Authors: Chang-Muñoz, Eduardo, Mercado-Caruso, Nohora, Ovallos Gazabon, David, Noguera Osorio, Silvia, Segarra Oña, María del Val
Format: article
Publication Date:2022
Country:España
Institution:Universitat Politècnica de València (UPV)
Repository:RiuNet. Repositorio Institucional de la Universitat Politécnica de Valéncia
Language:English
OAI Identifier:oai:riunet.upv.es:10251/191619
Online Access:https://riunet.upv.es/handle/10251/191619
Access Level:Open access
Keyword:Product innovation
Process innovation
Exporting SMEs
Innovation activities
Competitive advantage
ORGANIZACION DE EMPRESAS
08.- Fomentar el crecimiento económico sostenido, inclusivo y sostenible, el empleo pleno y productivo, y el trabajo decente para todos
Description
Summary:[EN] On the path to economic globalisation, companies are constantly facing opportunities and challenges in their pursuit of business survival and continuous improvement. Due to its strategic conception, innovation management seems to generate the transformations required in the current competitive environment. This article seeks to analyse the dilemma faced by small and medium sized exporting enterprises located in a developing country and regarding what to manage first: product or process innovation. The empirical analysis has been performed in the Colombian Caribbean region. The results revealed that companies focus more on process innovation than on product innovation. Similarly, it is concluded that the former precedes the latter.