Moving beyond initial success: Promoting innovation in small businesses through high-performance work practices |
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| Institution: | 1. Brock School of Business, Samford University, 800 Lakeshore Dr., Birmingham, AL 35229, U.S.A.;2. Coggin College of Business, University of North Florida, 1 UNF Drive, Jacksonville, FL 32224, U.S.A.;3. College of Business Administration, Nicholls State University, P.O. Box 2015, Thibodaux, LA 70310, U.S.A.;1. College of Business, Mississippi State University, 324 McCool Hall, Mississippi State, MS, 39762, U.S.A.;2. Haslam College of Business, The University of Tennessee, 310 Stokely Management Center, Knoxville, TN, 37996-0530, U.S.A.;1. Otago Business School, University of Otago, Dunedin 9054, New Zealand;2. D’Amore-McKim School of Business, Northeastern University, Boston, MA 02115-5000, U.S.A.;1. Okan University, ?stanbul, 34959, Turkey;2. Kafkas University, Kars, 36100, Turkey;3. ?stanbul University, Istanbul, 34722, Turkey |
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| Abstract: | After firms experience initial success, leaders frequently turn their attention toward producing and selling their products or services more efficiently, likely at the expense of ongoing innovation. This seemingly prudent decision may unintentionally lead firms to become one-hit wonders, effectively limiting their potential success over time. To help prevent a firm's early success from being its only success, small business executives should adopt practices that promote innovation yet don’t come at substantial cost given limited financial resources. Focusing on the positive influences of ability, commitment, and feedback, we propose a system of high-performance work practices (HPWPs) as an economical means of encouraging innovative behavior that allows for efficiency without losing an emphasis on creativity and entrepreneurial action. This article outlines and discusses nine specific HPWPs targeted for smaller businesses that are expected to promote and fully realize the potential of employees as the driving force for innovation and sustained success. |
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| Keywords: | Innovation Entrepreneurial behavior Strategic human resource management High-performance work practices Small business |
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