Innovation and Competitive Advantage in Small Businesses: Effects of Environments and Business Strategy

Authors

  • John C. Palmer University of Illinois at Springfield
  • Robert E. Wright University of Illinois at Springfield
  • Joshua B. Powers Indiana State University

Abstract

Small businesses continually  attempt to achieve a sustainable competitive advantage over competitors. One possible source of competitive advantage may he through either product or process innovations. However, such innovations can be risky, with no guarantee of success. The success of an innovation may depend on both a firm 's business strategy and the environment  in which it operates. This paper provides a framework for evaluating the possible effects of environment and business strategy on the success of product and process innovations.

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Published

2001-01-18

Issue

Vol. 12 No. 1 (2001)

Section

Articles

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How to Cite

Innovation and Competitive Advantage in Small Businesses: Effects of Environments and Business Strategy. (2001). Journal of Small Business Strategy (archive Only), 12(1), 30-41. https://libjournals.mtsu.edu/index.php/jsbs/article/view/464