Innovation Capability and Its Measurement in Finnish SMEs

Abstract

The importance of the development of an organisation’s innovation capability for its success is highlighted in current literature. This study provides a comprehensive description of the status quo of Finnish SMEs regarding the different dimensions of innovation capability, expertise, work wellbeing, and the measurement of issues related to innovation capability. The study also clarifies whether the results of the studied issues differ depending on the size of the organisation, the industry and the organisational position. The most important insight of the study is that the perceptions of executives and employees differ significantly with regard to all the studied aspects. The study suggests that both academics and practitioners should focus on the development of new methods and practices for enhancing innovation capability, and especially the measurement of issues related to it.