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Innovation Management in High-tech SMEs’ New Product Development Process: A Case of Small-Medium Wind Turbines
[Thesis]. Manchester, UK: The University of Manchester; 2018.
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Abstract
“Innovation Management in High-Tech SME’s New Product Development process: A Case of Small-Medium Wind Turbine†Ricardo Ampudia Serrano Candidate to Doctor of Business Administration (DBA) University of Manchester, Alliance Manchester Business School, December 2017 For many years innovation has been an integral part of improvements to products and services. Small and Medium Enterprises (SMEs) have been known as innovation generators, and their importance is paramount for the growth of economy. And yet despite their great importance, there is still a lack of understanding about how SMEs and High-tech SMEs (HTSMEs) with complex products conduct their management of innovation of New Product Development (NPD). Therefore, the purpose of this study is to provide a foundation for addressing the suggested gaps in the literature and to show that further research is needed in innovation management of NPD and how it is connected to HTSMEs. Renewable energy wind turbine sources and the potential growth they represent for SMEs was a factor in choosing this sector as the subject of this research. HTSMEs with creative ideas and innovations of complex products need to adequately manage product development. This recognises the organisation’s practices and processes during NPD and the need for innovation management (IM) as a part of an organisation’s capabilities in order to achieve a sustainable competitive advantage (SCA). The aim of this thesis is to explore and validate a major qualitative abductive methodology from the findings of 21 High-tech Small Medium Enterprises management in relation to complex wind turbine invention–innovation (creative destruction) practices and processes during the NPD. Analysis, synthesis, and conclusions from the findings of this study are interpreted and discussed in the context of the definition, concepts, characteristics, theoretical, and conceptual framework. Finally, implications for managerial practice offer a deeper understanding of how HTSME manage innovation practices and processes occur during NPD building a superior product and recommendations for further research that can be valuable to academics, practitioners, and other researchers who are seeking ideas for research topics are presented and discussed.