Jesocin : Journal of Economics, Accounting, Business, Management, Engineering and Society
Vol. 1 No. 12 (2024): Jesocin - November

RESOURCE-CONSTRAINED INNOVATION MANAGEMENT IN MSMES: BALANCING EXPLORATION, EXPLOITATION, AND RISK

Adang Haryaman (Universitas Logistik dan Bisnis Internasional)
Wawan Ichwanudin (Universitas Sultan Ageng Tirtayasa, Serang, 42118, Indonesia)



Article Info

Publish Date
01 Nov 2024

Abstract

This conceptual paper develops an integrative framework for resource-constrained innovation management in micro, small, and medium enterprises (MSMEs). Drawing on the resource-based view, dynamic capabilities, organizational learning, absorptive capacity, social capital, resilience, and entrepreneurial-ecosystem literature, the paper explains how exploration, exploitation, experimentation, resource discipline, governance, and organizational learning can be organized into practical managerial routines. No primary survey, interview, experimental, or statistical data are claimed. The analysis proposes a staged cycle of diagnosis, experimentation, evidence review, governance, and resource reconfiguration. It further identifies implications for owner-managers, support institutions, and future empirical research. The framework emphasizes that capability development should be proportionate to enterprise constraints and evaluated through decision quality, learning, resilience, and business outcomes rather than adoption indicators alone.

Copyrights © 2024






Journal Info

Abbrev

jesocin

Publisher

Subject

Religion Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Industrial & Manufacturing Engineering Social Sciences

Description

JESOCIN as a dynamic journal in the field of "Journal of Economics, Accounting, Business, Management, Engineering and Society", is proud to accept submissions of articles relevant to such a broad scope of research. We invite researchers, academics, and practitioners to contribute with their original ...