International Journal of Research Studies in Management
CollabWritive Special Issue
2023 Volume 11 Issue 13
Available Online: 31 December 2023
Author/s:
Ren, Xiaobin
Graduate School, Lyceum of the Philippines University – Batangas, Philippines
Abstract:
The purpose of this paper is to clarify the relationship among refinement system, market competitiveness and innovation capability by combining the relevant literature and investigating and analyzing the development status of small and medium-sized enterprises (SMEs), and then recommending specific strategies to promote the healthy and sustainable development of SMEs. Through questionnaire survey and SPSS 28.0 statistical analysis software, this paper discusses the relationship among refinement system, market competitiveness and innovation capability. Based on the results of literature evaluation and the conclusion of investigation and analysis, this paper designs three scales: refinement system, market competitiveness and innovation capability, and then completes the questionnaire design. The study revealed that in the development process of SMEs, refinement system can significantly affect market competitiveness. That is to say, the level of digitalization, quality management and advanced management can have obvious positive influence on cost leadership, product quality and process flexibility. Meanwhile, refinement system can significantly affect innovation capability. That is to say, the level of digitalization, quality management and advanced management can have obvious positive influence on process innovation, product innovation, business model innovation and organizational innovation. In addition, market competitiveness can significantly affect innovation capability. That is to say, cost leadership, product quality and process flexibility can have obvious positive influence on process innovation, product innovation, business model innovation and organizational innovation. On this basis, this paper constructs a high-quality enterprise development framework, and provides corresponding suggestions for the high-quality development of small and medium-sized enterprises.
Keywords: Small and medium-sized enterprises (SMEs), refinement system, market competitiveness, innovation capability
DOI: https://doi.org/10.5861/ijrsm.2023.1163
Cite this article:
Ren, X. (2023). Refinement system, market competitiveness and innovation capability: Inputs to small medium enterprises high-quality development framework. International Journal of Research Studies in Management, 11(13), 49-66. https://doi.org/10.5861/ijrsm.2023.1163