Disruptive innovation in Small and Medium Enterprises: a key factors checklist

17 pages•Published: May 26, 2023

Lizette Weilbach, Aleesha Boolaky, Hemant Chittoo, Diroubinee Mauree-Narrainen, Kesseven Padachi, Needesh Ramphul and Hanlie Smuts

Abstract

Small and Medium Enterprises (SMEs) operate in an environment where their existence are impacted by information technology – an attribute of Society 5.0, adoption of technologies and resource scarcity. As a key contributor to countries’ economy, SMEs need to innovate, create social businesses, and develop new business models to stand the test of time. Hence, SMEs must focus on key aspects that will empower them to leap- frog the traditional pathways of development and innovate. The purpose of this study is to present SMEs with a disruptive innovation key factor checklist based on an investigation of key disruptive innovation factors from the literature. The disruptive innovation key factor checklist was developed by analyzing a corpus of 137 papers through an automated content analysis process. Ten themes and 38 concepts were identified that informed the categorization to the Technology-Organization-Environment framework and the creation of the disruptive innovation key factor checklist. To create an instantiation of the checklist, we mapped the key factors checklist to an SME case study. By considering the checklist, SMEs are guided to optimize their innovation strategy, stakeholder engagement, technology adoption and innovation impact.

Keyphrases: checklist, disruptive innovation, small and medium enterprises (smes), t o e framework

In: Aurona Gerber and Knut Hinkelmann (editors). Proceedings of Society 5.0 Conference 2023, vol 93, pages 252-268.

Links:	https://easychair.org/publications/paper/dkpN
	https://doi.org/10.29007/65dc

BibTeX entry

@inproceedings{Society5.02023:Disruptive_innovation_Small_Medium,
  author    = {Lizette Weilbach and Aleesha Boolaky and Hemant Chittoo and Diroubinee Mauree-Narrainen and Kesseven Padachi and Needesh Ramphul and Hanlie Smuts},
  title     = {Disruptive innovation in Small and Medium Enterprises: a key factors checklist},
  booktitle = {Proceedings of Society 5.0 Conference 2023},
  editor    = {Aurona Gerber and Knut Hinkelmann},
  series    = {EPiC Series in Computing},
  volume    = {93},
  publisher = {EasyChair},
  bibsource = {EasyChair, https://easychair.org},
  issn      = {2398-7340},
  url       = {/publications/paper/dkpN},
  doi       = {10.29007/65dc},
  pages     = {252-268},
  year      = {2023}}

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