Influence of Stakeholders' interactions on the innovative vocation of Mexican SMEs
Keywords:
stakeholder, innovation, vocation, SMEsAbstract
Innovation in small and medium enterprises (SMEs) constitutes a process that includes a wide range of interactions among stakeholders and organizations. In Mexico, the data regarding the interaction of stakeholders with companies has been collected in ENAPROCE survey, which is a source of information that includes statistics of a considerable number of enterprises around the country. The goal of the present work was to contribute to the understanding of the influence that relevant stakeholders such as owners, employees, finance sources, government, managers and the integration in productive chains have in the innovative vocation of such companies. The selected technique to determine which indicator is relevant to predicting the innovative vocation level of Mexican SMEs was multinomial logit regression with three possible scenarios. The results showed that factors such as having private ownership, training for employees, access to financial sources, and participation in productive chains were the most relevant influences.
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