<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The purpose of this paper is to provide a new framework for assessing the innovation capacity and efficiency in Romanian small enterprises and start-ups. In this sense, a systematic literature review has been employed in order to obtain a clear understanding of the existing knowledge and to critically evaluate the existing solutions. In addition, considering the European Union objectives regarding innovation and sustainable development, this paper investigates the present situation of Romania by interpreting the official European Commission reports and current research papers. Considering the importance of regional innovation advancement and that of creating economic growth through competitiveness, this paper scrutinizes several concepts from the scientific literature, including regional innovation governance, entrepreneurship and innovation efficiency with the final purpose of developing a framework applicable for Romania. Taking into consideration the relatively low scores of Romanian regions regarding innovativeness and technological advancement, this paper attempts to provide a clearer understanding of the applicable factors that can be used for measuring innovation performance. The proposed framework focuses on the importance of entrepreneurship and the development of new business models in order to efficiently assess the innovative endeavors of enterprises. All things considered, this paper provides both theoretical and managerial contributions and possibility for further investigations addressed at specific Romanian regions and business sectors.</p>
</abstract>

The purpose of this paper is to provide a new framework for assessing the innovation capacity and efficiency in Romanian small enterprises and start-ups. In this sense, a systematic literature review has been employed in order to obtain a clear understanding of the existing knowledge and to critically evaluate the existing solutions. In addition, considering the European Union objectives regarding innovation and sustainable development, this paper investigates the present situation of Romania by interpreting the official European Commission reports and current research papers. Considering the importance of regional innovation advancement and that of creating economic growth through competitiveness, this paper scrutinizes several concepts from the scientific literature, including regional innovation governance, entrepreneurship and innovation efficiency with the final purpose of developing a framework applicable for Romania. Taking into consideration the relatively low scores of Romanian regions regarding innovativeness and technological advancement, this paper attempts to provide a clearer understanding of the applicable factors that can be used for measuring innovation performance. The proposed framework focuses on the importance of entrepreneurship and the development of new business models in order to efficiently assess the innovative endeavors of enterprises. All things considered, this paper provides both theoretical and managerial contributions and possibility for further investigations addressed at specific Romanian regions and business sectors.

Framework for assessing innovation capacity and business efficiency in Romanian SMEs

Proceedings of the International Conference on Business Excellence

This work is licensed under the Creative Commons Attribution 4.0 International License.

The purpose of this paper is to provide a new framework for assessing the innovation capacity and efficiency in Romanian small enterprises and start-ups. In...

Framework for assessing innovation capacity and business efficiency in Romanian SMEs

Data publikacji: 31 gru 2021

Zakres stron: 1083 - 1095

DOI: https://doi.org/10.2478/picbe-2021-0102

Słowa kluczowe
innovation indicators, entrepreneurship, business efficiency, small and medium enterprises, startups

© 2021 Ioana Alexandra Onea, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Framework for assessing innovation capacity and business efficiency in Romanian SMEs

Data publikacji: 31 gru 2021

Zakres stron: 1083 - 1095

DOI: https://doi.org/10.2478/picbe-2021-0102

Słowa kluczoweinnovation indicators, entrepreneurship, business efficiency, small and medium enterprises, startups

© 2021 Ioana Alexandra Onea, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Słowa kluczowe
innovation indicators, entrepreneurship, business efficiency, small and medium enterprises, startups