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    Innovation and growth in family-owned Mexican SMEs.

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    IEOM 2018 - Paper 2 - Final.pdf
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    Final conference paper
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    Authors
    Maldonado-Guzman, Gonzalo
    Garza-Reyes, Jose Arturo cc
    Pinzon-Castro, Sandra Yesenia
    Mejia-Trejo, Juan
    Kumar, Vikas
    Nadeem, Simon Peter cc
    Affiliation
    Autonomous University of Aguascalientes
    University of Derby
    University of Guadalajara
    University of West England
    Issue Date
    2018-03
    
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    Abstract
    This paper studies the relationship between innovation and the level of growth in family-owned small and medium-sized enterprises (SMEs), this is done within the context of Mexico. The conceptual framework of analysis is based on the hypothesis that innovation in products, processes and management systems contribute to the achievement of growth in family-owned SMEs. To test this hypothesis, a model of structural equation of second order was developed with data collected from 206 family-owned SMEs located in the state of Aguascalientes, Mexico. The empirical evidence provided by the analysis supports the hypothesis, showing that family-owned SMEs that increase their innovation activities will also significantly increase their opportunities for growth. This finding can be used to inform the business growth strategies formulated by the owners, or managers, of family-owned SEMs. These also indicate policy-makers that by designing effective policies and providing incentives to support innovation in family-owned SMEs, the government would not only contribute to the growth of these organisations but also to the growth of their regions and countries. Despite the importance of innovation and family-owned SMEs, evidence suggests that studies focused on investigating innovation in this type of organisations are very limited. This paper fills this gap by providing a refined understanding of the relationship between innovation and growth in family-owned SMEs.
    Citation
    Maldonado-Guzman, G., Garza-Reyes J.A., Pinzon-Castro, S.Y., Mejia-Trejo, J., Kumar, V. (2018), “Innovation and growth in family-owned Mexican SMEs”, Proceedings of the International Conference on Industrial Engineering and Operations Management (IEOM), Bandung, Indonesia, 6-8 March.
    Publisher
    IEOM Society
    Journal
    Proceedings of the International Conference on Industrial Engineering and Operations Management
    URI
    http://hdl.handle.net/10545/622170
    Additional Links
    http://ieomsociety.org/ieom2018/proceedings/
    Type
    Meetings and Proceedings
    Language
    en
    ISSN
    21698767
    ISBN
    9781532359446
    Collections
    Centre for Supply Chain Improvement

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