Design of an innovation model for a SME in Monterrey, Mexico

Carlos E. Atoche-Kong, Margarita Castillo-Carreon, Angelica Lince-Arias

Research output: Contribution to conferencePaper

Abstract

Firms in emerging economies realize the importance of innovation to compete in global arenas. However small and medium enterprises (SME) struggle to start the innovation practice because they lack support from innovation experts and they don't have enough resources to afford this process. Allity is a small IT company specialized in business intelligence applications located in Monterrey, Mexico, and this paper illustrates the process of designing Allity's Innovation Model in order to become an innovative firm. It shows the difficult environment that an SME confronts to innovate, such as the absence of institutions that support the practice of innovation and of qualified personnel to conduct innovation projects. Inside the firm this study identified some inhibitors such as the lack of knowledge of what innovation really is and that employees do not see the real possibilities that innovation can provide to the firm. Therefore the practice of innovation is seen as a risky initiative that inhibits its practice. An innovation model facilitates this process, as it clarifies the path that the firm should follow to develop innovation projects. In Allity this project also motivated personnel to start innovation projects. A methodology to design innovation models for SME is also proposed.

Original languageEnglish
Pages1224-1230
Number of pages7
DOIs
Publication statusPublished - 4 Jan 2017
EventPICMET 2016 - Portland International Conference on Management of Engineering and Technology: Technology Management For Social Innovation, Proceedings -
Duration: 4 Jan 2017 → …

Conference

ConferencePICMET 2016 - Portland International Conference on Management of Engineering and Technology: Technology Management For Social Innovation, Proceedings
Period4/1/17 → …

All Science Journal Classification (ASJC) codes

  • Engineering (miscellaneous)
  • Medicine (miscellaneous)
  • Management Science and Operations Research
  • Management of Technology and Innovation
  • Information Systems and Management

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  • Cite this

    Atoche-Kong, C. E., Castillo-Carreon, M., & Lince-Arias, A. (2017). Design of an innovation model for a SME in Monterrey, Mexico. 1224-1230. Paper presented at PICMET 2016 - Portland International Conference on Management of Engineering and Technology: Technology Management For Social Innovation, Proceedings, . https://doi.org/10.1109/PICMET.2016.7806540