African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 4164

Full Length Research Paper

Innovation policy and successfulness of micro and small companies in the Republic of Slovenia

Mirko Markič1*, Borut Likar1, Maja Meško1, Katja Rašič2, and Snežana Živković3
1Faculty of Management Koper, University of Primorska, Cankarjeva 5, 6000 Koper, Slovenia. 2Faculty of Economics, University of Maribor, Slovenia. 3Faculty of Occupational Safety, University of Niš ÄŒarnojevića 10 A, 18000 Niš, Serbia.  
Email: [email protected]

  •  Accepted: 08 July 2011
  •  Published: 30 September 2011

Abstract

The purpose of our research is to examine the state of innovation policy and its influence on the successfulness of micro and small companies in the Republic of Slovenia. The effects of particular influential variables on the success and innovation policy (frequency of introduced changes, national co-financing, financial support initiatives, promote programs and innovation planning policy) were analysed empirically on the stratified model of 121 micro and small companies with the method of quantitative research, namely as per the most important and successful statistical regions. On the basis of the analysis based on linear and multiple regression analysis, it may be established that innovation policy influences positively on the success of micro and small companies. We can thus conclude that company’s frequency of introduced changes; national co-financing and financial support incentives, familiarity of employees with the innovation strategy as a part of innovation policy play a significant part in achieving business excellence.

 

Key words: Innovation policy, innovation planning policy, company’s success, management, micro and small companies, Slovenia.