Determinants of the Innovation Rent

This study investigates the relationship between key organizational elements (inputs,knowledge management, innovation strategy, portfolio management, project management,and commercialization), business planning and the innovation rent. In order to deepen the understanding of innovation management in small and medium-sized enterprises (SMEs), a strategic comprehensive perspective on innovation is adopted in examining both high and low-tech enterprises from various industries. This study provides new evidence and insights for researchers and practitioners. The empirical results from 522 SMEs show that knowledge management, innovation strategy, business planning, portfolio management, project management and commercialization, have a positive, significant relationship with RENT. Conversely, inputs or resource endowment is not perceived a barrier to innovation and the development of a competitive advantage