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Innovation in Australian Small and Medium Enterprises: Contributions from Strategic Human Resource Management
Author(s) -
Matthews Judy
Publication year - 2002
Publication title -
asia pacific journal of human resources
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.825
H-Index - 33
eISSN - 1744-7941
pISSN - 1038-4111
DOI - 10.1177/1038411102402004
Subject(s) - business , creativity , context (archaeology) , process (computing) , knowledge management , competitive advantage , human resources , human resource management , resource (disambiguation) , innovation process , innovation management , strategic management , marketing , management , work in process , economics , computer science , paleontology , computer network , political science , law , biology , operating system
Organisations are constantly seeking new ways to grow and prosper in a complex competitive world. Many companies achieve success by maintaining or increasing their rate of innovation, and organisational approaches to innovation vary according to industry and context. Innovation is a multi‐faceted process that incorporates creativity, invention and commercialisation. Above all, innovation is a social process, where both individuals and systems are important dynamic elements. This paper provides a brief overview of innovation in the Australian context of small to medium enterprises, summarises some of the human resource and strategic contributions that assist organisational innovation, and proposes areas of future research. Findings confirm that innovative Australian SMEs display strategic human resource management related practices such as career development, ongoing learning and development and strategic rewards.