Relationship between innovation and growth of sme in the food and beverage industry of Bogota, Colombia

The objective of the work is to determine the relationship between innovation and business growth of SMEs in the food and beverage sector of the city of Bogotá (Colombia) in the period 2007-2016. To do this, an OLS estimate was made to a large and homogeneous sample of companies in this sector, usin...

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Main Authors: Díaz-Hincapié , Fernán Ignacio, Melgarejo-Molina , Zuray Andrea, Vera-Colina, Mary Analí
Format: Online
Language:spa
Published: Universidad Pedagógica y Tecnológica de Colombia 2021
Subjects:
Online Access:https://revistas.uptc.edu.co/index.php/investigacion_duitama/article/view/13346
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author Díaz-Hincapié , Fernán Ignacio
Melgarejo-Molina , Zuray Andrea
Vera-Colina, Mary Analí
author_facet Díaz-Hincapié , Fernán Ignacio
Melgarejo-Molina , Zuray Andrea
Vera-Colina, Mary Analí
author_sort Díaz-Hincapié , Fernán Ignacio
collection OJS
description The objective of the work is to determine the relationship between innovation and business growth of SMEs in the food and beverage sector of the city of Bogotá (Colombia) in the period 2007-2016. To do this, an OLS estimate was made to a large and homogeneous sample of companies in this sector, using statistical information from the National Administrative Department of Statistics (2017, 2018). The results show that there is a significant and positive relationship between innovation and business growth, in which the size of the organizations is also a determining factor. As an additional contribution, this research goes beyond analyzing the traditional relationship between innovation and growth, and also considers the links of the innovative strategy with the generation of added value and with the greater productivity of the analyzed organizations, which allows reiterating the need to promote such strategies that enhance the development of the sector.
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institution Revista de Investigación, Desarrollo e Innovación (RIDI)
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publisher Universidad Pedagógica y Tecnológica de Colombia
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spelling oai:oai.revistas.uptc.edu.co:article-133462022-09-16T22:01:07Z Relationship between innovation and growth of sme in the food and beverage industry of Bogota, Colombia Relación entre innovación y crecimiento empresarial en la pyme de la industria de alimentos y bebidas de Bogotá, Colombia Díaz-Hincapié , Fernán Ignacio Melgarejo-Molina , Zuray Andrea Vera-Colina, Mary Analí growth of firm food and beverage industry innovation SME crecimiento empresarial innovación industria de alimentos y bebidas pyme The objective of the work is to determine the relationship between innovation and business growth of SMEs in the food and beverage sector of the city of Bogotá (Colombia) in the period 2007-2016. To do this, an OLS estimate was made to a large and homogeneous sample of companies in this sector, using statistical information from the National Administrative Department of Statistics (2017, 2018). The results show that there is a significant and positive relationship between innovation and business growth, in which the size of the organizations is also a determining factor. As an additional contribution, this research goes beyond analyzing the traditional relationship between innovation and growth, and also considers the links of the innovative strategy with the generation of added value and with the greater productivity of the analyzed organizations, which allows reiterating the need to promote such strategies that enhance the development of the sector. El objetivo del trabajo es determinar la relación entre la innovación y el crecimiento empresarial de las Pymes del sector de alimentos y bebidas de la ciudad de Bogotá (Colombia) en el periodo 2007-2016. Para ello, se realizó una estimación de OLS a una muestra amplia y homogénea de empresas en este sector, utilizando la información estadística del Departamento Administrativo Nacional de Estadística (2017, 2018). Los resultados evidencian que existe una relación significativa y positiva entre la innovación y el crecimiento empresarial, en la cual también es determinante el tamaño de las organizaciones. Como aporte adicional, esta investigación va más allá de analizar la relación tradicional entre innovación y crecimiento, y también considera los nexos de la estrategia innovadora con la generación de valor agregado y con la mayor productividad de las organizaciones analizadas, lo cual permite reiterar la necesidad de promover tales estrategias que potencien el desarrollo del sector. Universidad Pedagógica y Tecnológica de Colombia 2021-08-15 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf text/xml https://revistas.uptc.edu.co/index.php/investigacion_duitama/article/view/13346 10.19053/20278306.v11.n3.2021.13346 Revista de Investigación, Desarrollo e Innovación; Vol. 11 No. 3 (2021): Julio-Diciembre; 493-506 Revista de Investigación, Desarrollo e Innovación; Vol. 11 Núm. 3 (2021): Julio-Diciembre; 493-506 2389-9417 2027-8306 spa https://revistas.uptc.edu.co/index.php/investigacion_duitama/article/view/13346/11807 https://revistas.uptc.edu.co/index.php/investigacion_duitama/article/view/13346/11808
spellingShingle growth of firm
food and beverage industry
innovation
SME
crecimiento empresarial
innovación
industria de alimentos y bebidas
pyme
Díaz-Hincapié , Fernán Ignacio
Melgarejo-Molina , Zuray Andrea
Vera-Colina, Mary Analí
Relationship between innovation and growth of sme in the food and beverage industry of Bogota, Colombia
title Relationship between innovation and growth of sme in the food and beverage industry of Bogota, Colombia
title_alt Relación entre innovación y crecimiento empresarial en la pyme de la industria de alimentos y bebidas de Bogotá, Colombia
title_full Relationship between innovation and growth of sme in the food and beverage industry of Bogota, Colombia
title_fullStr Relationship between innovation and growth of sme in the food and beverage industry of Bogota, Colombia
title_full_unstemmed Relationship between innovation and growth of sme in the food and beverage industry of Bogota, Colombia
title_short Relationship between innovation and growth of sme in the food and beverage industry of Bogota, Colombia
title_sort relationship between innovation and growth of sme in the food and beverage industry of bogota colombia
topic growth of firm
food and beverage industry
innovation
SME
crecimiento empresarial
innovación
industria de alimentos y bebidas
pyme
topic_facet growth of firm
food and beverage industry
innovation
SME
crecimiento empresarial
innovación
industria de alimentos y bebidas
pyme
url https://revistas.uptc.edu.co/index.php/investigacion_duitama/article/view/13346
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