An exploratory study of innovation effectiveness measurement between Australian and Thai SMEs

Sawang, Sukanlaya; Unsworth, Kerrie; Sorbello, Tamma

Abstract

The advantages of using a balanced approach to measurement of overall organisational performance are well-known. We examined the effects of a balanced approach in the more specific domain of measuring innovation effectiveness in 144 small to mediumsized companies in Australia and Thailand. We found that there were no differences in the metrics used by Australian and Thai companies. In line with our hypotheses, we found that those SMEs that took a balanced approach were more likely to perceive benefits of implemented innovations than those that used only a financial approach to measurement. The perception of benefits then had a subsequent effect on overall attitudes towards innovation. The study shows the importance of measuring both financial and non-financial indicators of innovation effectiveness within SMEs and discusses ways in which these can be conducted with limited resources.

Citation

Sawang, S., Unsworth, K., & Sorbello, T. (2006). An exploratory study of innovation effectiveness measurement between Australian and Thai SMEs. International Journal of Organisational Behaviour, 12(1), 110-125

• Journal Article Type: Article
• Publication Date: 2006
• Deposit Date: Dec 3, 2024
• Journal: International Journal of Organisational Behaviour
• Print ISSN: 1440-5377
• Publisher: University of Southern Queensland
• Peer Reviewed: Peer Reviewed
• Volume: 12
• Issue: 1
• Pages: 110-125
• Keywords: Balanced Scorecard, Innovation effectiveness, Implementation, Performance measurement