The Influence of Size, Age and Growth on Innovation Management in Small Firms

Abstract

This study examines the innovation management practices of small firms in Australia, France and Switzerland. The focus was on how firm size, age and growth influence the commercialisation process. A sample of 143 firms was surveyed across the three countries. Findings from the study suggest that the size of the firm, its age and pace of growth are important determinants in influencing how firms behave. Consistent with the findings from earlier studies the need for greater formalisation and external assistance as firms grow, and the need for customer research and independent testing when innovations are in their early stages were found

Keywords: innovation management, small firms, commercialisation