Innovation capability for sustainable development of SMEs: an interpretive structural modelling methodology for analysing the interactions among factors Online publication date: Mon, 19-Mar-2018
by K.R. Kiron; K. Kannan
International Journal of Business Innovation and Research (IJBIR), Vol. 15, No. 4, 2018
Abstract: Sustainable development is gaining more importance in the current dynamic world. Even though developing countries depends more on SMEs for its economic development, SME sector is not equipped with sustainable manufacturing methods. Innovation plays a vital role for overcoming this deficiency. In order to develop a culture of innovation, organisations must be aware of the enablers of innovation and their interrelations. Fifteen enablers of innovation capability with respect to steel manufacturing SMEs were found from literature and the same was finalised after the discussion with experts. The relationships between these enablers were analysed by using interpretive structural modelling. The study revealed a higher degree of interrelationship between the factors. Further, factors which have high driving power and dependence was found out using ISM.
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