Barriers for production innovation in small and medium technology-based firms in Brazil
Autor(a) principal: | |
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Data de Publicação: | 2012 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng por |
Título da fonte: | BBR. Brazilian Business Review (English edition. Online) |
Texto Completo: | http://www.bbronline.com.br/index.php/bbr/article/view/246 |
Resumo: | This study aims to identify the main barriers to product innovation in small and medium technology based companies in Brazil. The innovation process and its obstacles are analyzed, by interviewing several agents involved in the process, including entrepreneurs, venture capital investors, and managers of business incubators. The analyses compare two points of view, from the entrepreneurs and investors. As main findings, we found: (i) difficulties concerning legal barriers, costs and availability of capital; (ii) the lack of investors for advanced steps of the development and scarcity of exit modes, raising the investment cycles compared to international averages; (iii) the investors participation close to the entrepreneurs in the business management; (iv) the difficulty to find technical and management qualified professionals to engage in new and uncertain businesses; (v) cultural aversion to risks, inducing both the entrepreneurs as the investors to be more conservative in the decision making, and (vi) sense of good perspectives for tthe future, tied to the capital availability. As contributions, this research allows to understand the scenario where innovative entrepreneurship happens, as well as the issues that slow down or cause failure in the process. Understanding these issues is the first step to address them systematically. Entrepreneurs that have this information can plan ahead and take measures to accelerate innovation in their businesses. Investors that are willing to support early stage businesses, and knowing the obstacles in this environment, will provide them with better chances to act and mitigate risks of failure in their investments portfolio. |
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Barriers for production innovation in small and medium technology-based firms in BrazilBarreiras para a inovação em produtos nas pequenas e médias empresas de tecnologia no BrasilInnovationentrepreneurshipcorporate venturingbarriers for innovationInovaçãoempreendedorismocorporate venturingbarreiras para a inovaçãoThis study aims to identify the main barriers to product innovation in small and medium technology based companies in Brazil. The innovation process and its obstacles are analyzed, by interviewing several agents involved in the process, including entrepreneurs, venture capital investors, and managers of business incubators. The analyses compare two points of view, from the entrepreneurs and investors. As main findings, we found: (i) difficulties concerning legal barriers, costs and availability of capital; (ii) the lack of investors for advanced steps of the development and scarcity of exit modes, raising the investment cycles compared to international averages; (iii) the investors participation close to the entrepreneurs in the business management; (iv) the difficulty to find technical and management qualified professionals to engage in new and uncertain businesses; (v) cultural aversion to risks, inducing both the entrepreneurs as the investors to be more conservative in the decision making, and (vi) sense of good perspectives for tthe future, tied to the capital availability. As contributions, this research allows to understand the scenario where innovative entrepreneurship happens, as well as the issues that slow down or cause failure in the process. Understanding these issues is the first step to address them systematically. Entrepreneurs that have this information can plan ahead and take measures to accelerate innovation in their businesses. Investors that are willing to support early stage businesses, and knowing the obstacles in this environment, will provide them with better chances to act and mitigate risks of failure in their investments portfolio.Este estudo visa identificar as principais barreiras à inovação em produtos nas pequenas e médias empresas de tecnologia no Brasil. O processo de inovação e seus obstáculos são analisados através de entrevistas com vários agentes envolvidos no processo, incluindo empresários, investidores de risco e gerentes de incubadoras de empresas. As análises comparam dois pontos de vista, o dos empresários e o dos investidores. Como principais resultados, encontramos: (i) dificuldades relacionadas a barreiras jurídicas, custos e disponibilidade de capital; (ii) a falta de investidores para as etapas mais avançadas do desenvolvimento e a escassez de modos de saída, aumentando os ciclos de investimento comparados com as médias internacionais; (iii) a participação dos investidores próxima aos empresários na administração de empresas; (iv) a dificuldade de encontrar profissionais técnicos e de gestão qualificados para se envolverem em negócios novos e incertos; (v) aversão cultural ao risco, induzindo tanto os empresários quanto os investidores a serem mais conservadores na tomada de decisões, e (vi) um sentido de boas perspectivas para o futuro, ligado à disponibilidade de capital. Como contribuições, esta pesquisa permite que se entenda o cenário em que o empreendedorismo inovador acontece, assim como as questões que retardam ou causam falhas no processo. Entender essas questões é o primeiro passo para tratá-las de modo sistemático. Os empresários que possuem estas informações podem planejar com antecedência e tomar medidas para acelerar a inovação em suas empresas. Os investidores dispostos a apoiar as empresas em suas etapas iniciais, e conhecendo os obstáculos neste ambiente, vão lhes oferecer melhores chances para agir e mitigar os riscos do fracasso em sua carteira de investimentos.FUCAPE Business Shool2012-07-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionPeer-reviewed ArticleArtigo revisado pelos paresapplication/pdfapplication/pdfhttp://www.bbronline.com.br/index.php/bbr/article/view/24610.15728/bbr.2012.9.3.1Brazilian Business Review; Vol. 9 No. 3 (2012): July to September 2012; 1-22Brazilian Business Review; v. 9 n. 3 (2012): Julho a Setembro de 2012; 1-221808-23861807-734Xreponame:BBR. Brazilian Business Review (English edition. Online)instname:Fucape Business School (FBS)instacron:FBSengporhttp://www.bbronline.com.br/index.php/bbr/article/view/246/371http://www.bbronline.com.br/index.php/bbr/article/view/246/372Feldens, Miguel ArturMaccari, Emerson AntonioGarcez, Marcos Paixãoinfo:eu-repo/semantics/openAccess2018-11-06T19:54:47Zoai:ojs.pkp.sfu.ca:article/246Revistahttps://www.bbronline.com.br/index.php/bbr/indexONGhttp://www.bbronline.com.br/index.php/bbr/oai|| bbronline@bbronline.com.br1808-23861808-2386opendoar:2018-11-06T19:54:47BBR. Brazilian Business Review (English edition. Online) - Fucape Business School (FBS)false |
dc.title.none.fl_str_mv |
Barriers for production innovation in small and medium technology-based firms in Brazil Barreiras para a inovação em produtos nas pequenas e médias empresas de tecnologia no Brasil |
title |
Barriers for production innovation in small and medium technology-based firms in Brazil |
spellingShingle |
Barriers for production innovation in small and medium technology-based firms in Brazil Feldens, Miguel Artur Innovation entrepreneurship corporate venturing barriers for innovation Inovação empreendedorismo corporate venturing barreiras para a inovação |
title_short |
Barriers for production innovation in small and medium technology-based firms in Brazil |
title_full |
Barriers for production innovation in small and medium technology-based firms in Brazil |
title_fullStr |
Barriers for production innovation in small and medium technology-based firms in Brazil |
title_full_unstemmed |
Barriers for production innovation in small and medium technology-based firms in Brazil |
title_sort |
Barriers for production innovation in small and medium technology-based firms in Brazil |
author |
Feldens, Miguel Artur |
author_facet |
Feldens, Miguel Artur Maccari, Emerson Antonio Garcez, Marcos Paixão |
author_role |
author |
author2 |
Maccari, Emerson Antonio Garcez, Marcos Paixão |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Feldens, Miguel Artur Maccari, Emerson Antonio Garcez, Marcos Paixão |
dc.subject.por.fl_str_mv |
Innovation entrepreneurship corporate venturing barriers for innovation Inovação empreendedorismo corporate venturing barreiras para a inovação |
topic |
Innovation entrepreneurship corporate venturing barriers for innovation Inovação empreendedorismo corporate venturing barreiras para a inovação |
description |
This study aims to identify the main barriers to product innovation in small and medium technology based companies in Brazil. The innovation process and its obstacles are analyzed, by interviewing several agents involved in the process, including entrepreneurs, venture capital investors, and managers of business incubators. The analyses compare two points of view, from the entrepreneurs and investors. As main findings, we found: (i) difficulties concerning legal barriers, costs and availability of capital; (ii) the lack of investors for advanced steps of the development and scarcity of exit modes, raising the investment cycles compared to international averages; (iii) the investors participation close to the entrepreneurs in the business management; (iv) the difficulty to find technical and management qualified professionals to engage in new and uncertain businesses; (v) cultural aversion to risks, inducing both the entrepreneurs as the investors to be more conservative in the decision making, and (vi) sense of good perspectives for tthe future, tied to the capital availability. As contributions, this research allows to understand the scenario where innovative entrepreneurship happens, as well as the issues that slow down or cause failure in the process. Understanding these issues is the first step to address them systematically. Entrepreneurs that have this information can plan ahead and take measures to accelerate innovation in their businesses. Investors that are willing to support early stage businesses, and knowing the obstacles in this environment, will provide them with better chances to act and mitigate risks of failure in their investments portfolio. |
publishDate |
2012 |
dc.date.none.fl_str_mv |
2012-07-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article Artigo revisado pelos pares |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://www.bbronline.com.br/index.php/bbr/article/view/246 10.15728/bbr.2012.9.3.1 |
url |
http://www.bbronline.com.br/index.php/bbr/article/view/246 |
identifier_str_mv |
10.15728/bbr.2012.9.3.1 |
dc.language.iso.fl_str_mv |
eng por |
language |
eng por |
dc.relation.none.fl_str_mv |
http://www.bbronline.com.br/index.php/bbr/article/view/246/371 http://www.bbronline.com.br/index.php/bbr/article/view/246/372 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf application/pdf |
dc.publisher.none.fl_str_mv |
FUCAPE Business Shool |
publisher.none.fl_str_mv |
FUCAPE Business Shool |
dc.source.none.fl_str_mv |
Brazilian Business Review; Vol. 9 No. 3 (2012): July to September 2012; 1-22 Brazilian Business Review; v. 9 n. 3 (2012): Julho a Setembro de 2012; 1-22 1808-2386 1807-734X reponame:BBR. Brazilian Business Review (English edition. Online) instname:Fucape Business School (FBS) instacron:FBS |
instname_str |
Fucape Business School (FBS) |
instacron_str |
FBS |
institution |
FBS |
reponame_str |
BBR. Brazilian Business Review (English edition. Online) |
collection |
BBR. Brazilian Business Review (English edition. Online) |
repository.name.fl_str_mv |
BBR. Brazilian Business Review (English edition. Online) - Fucape Business School (FBS) |
repository.mail.fl_str_mv |
|| bbronline@bbronline.com.br |
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