Review and adaptation of "innovation" in the spanish business context

Abstract

Innovation has become an undeniable reality in the management of the firm, regardless of size or activity. In recent decades, numerous studies have examined the innovative capacity of the company, its macroeconomic consequences and the relationship of innovation with certain macro and micro factors. In this sense, some studies have analysed the influence of certain factors on the innovative capacity of enterprises, paying special attention to large business and sometimes neglecting the analysis in the area of smaller companies. Precisely this work tries to improve the knowledge about business innovation in organizational entities of more limited size, which are those that have more weight in most emerging and developed economies. This work aims to study and analyse the evolution of the concept "innovation" in order to redefine and adapt this concept to the intrinsic characteristics of the Spanish microenterprise. This study try to improve the understanding of innovation and its forms in the Spanish context, and lay the conceptual foundation for future research in the field of small businesses.