Driving Economic Growth: Examining the Role of Leadership within SME Innovation

Rachel Clarke (), Martyn Polkinghorne (), Parisa Gilani () and Lois Farquharson ()
Additional contact information
Rachel Clarke: Business School, Bournemouth University
Martyn Polkinghorne: Business School, and the Centre for Fusion Learning Innovation and Excellence, Bournemouth University
Parisa Gilani: Business School, Bournemouth University
Lois Farquharson: Business School, Bournemouth University

A chapter in Eurasian Business and Economics Perspectives, 2022, pp 63-80 from Springer

Abstract: Abstract Small and medium-sized enterprises (SMEs) make a significant contribution to the UK economy, accounting for 60% of all private sector jobs and 47% of revenue. Whilst previous research has highlighted the importance of innovation for economic growth, productivity and success within larger organisations, this has been largely under-explored within smaller organisations. This is arguably more important than ever before as there is a distinct need for SMEs in the UK to innovate to recover from the COVID-19 pandemic and the associated economic crisis. However, without a leadership presence, there is little or no focus for an organisation to innovate, nor is there an individual or group to lead the way forwards and to motivate fellow employees to innovate. This paper investigates the role of leadership as a means of cultivating innovation within SMEs in the UK. Certain behaviours and leadership attributes are found more likely to support and encourage innovation in a variety of different types of leaders, regardless of their actual leadership style. However, we suggest that authentic, entrepreneurial, transformational and ambidextrous leadership approaches have the potential to be particularly valuable in cultivating innovation within SMEs and that this could be particularly pertinent for business recovery post-pandemic.

Keywords: Leadership; Innovation; SMEs; Business; Management; Growth (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-031-14395-3_4

Ordering information: This item can be ordered from
http://www.springer.com/9783031143953

DOI: 10.1007/978-3-031-14395-3_4

Access Statistics for this chapter

More chapters in Eurasian Studies in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().