The Importance of Digital Skills in Firms' Innovation: The Case of Western Balkans.

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Title: The Importance of Digital Skills in Firms' Innovation: The Case of Western Balkans.
Authors: Mahmutaj, Lura Rexhepi1, Jusufi, Nora1 nora.jusufi@student.uni-pr.edu
Source: Journal of Technology Management & Innovation. 2023, Vol. 18 Issue 3, p90-102. 13p.
Subjects: Digital technology, Innovations in business, Probit analysis, Small business, Western countries, Regression analysis
Geographic Terms: Balkan Peninsula
Abstract: This study analyzes data from 998 SMEs in the Western Balkans using probit regression analysis to explore the significance of digital skills in driving innovation. The findings indicate that variables such as offering staff training, operating in different Western Balkan countries (compared to the reference category), being in the manufacturing sector, and implementing concrete measures for digital skills have statistically significant effects on firms' probability of innovating. These results offer valuable insights to businesses, encouraging them to capitalize on the opportunities presented by emerging digital technologies and the ongoing trend of digitalization across industries. This study confirms the pivotal role of digital skills to the development of innovative products and services, enhancing business performance and our understanding of the interconnectedness between digital technologies, innovation, and digital skills in SMEs. [ABSTRACT FROM AUTHOR]
Copyright of Journal of Technology Management & Innovation is the property of JOTMI Research Group and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Engineering Source
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  Data: The Importance of Digital Skills in Firms' Innovation: The Case of Western Balkans.
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  Data: <searchLink fieldCode="AR" term="%22Mahmutaj%2C+Lura+Rexhepi%22">Mahmutaj, Lura Rexhepi</searchLink><relatesTo>1</relatesTo><br /><searchLink fieldCode="AR" term="%22Jusufi%2C+Nora%22">Jusufi, Nora</searchLink><relatesTo>1</relatesTo><i> nora.jusufi@student.uni-pr.edu</i>
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  Data: <searchLink fieldCode="JN" term="%22Journal+of+Technology+Management+%26+Innovation%22">Journal of Technology Management & Innovation</searchLink>. 2023, Vol. 18 Issue 3, p90-102. 13p.
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  Data: <searchLink fieldCode="DE" term="%22Digital+technology%22">Digital technology</searchLink><br /><searchLink fieldCode="DE" term="%22Innovations+in+business%22">Innovations in business</searchLink><br /><searchLink fieldCode="DE" term="%22Probit+analysis%22">Probit analysis</searchLink><br /><searchLink fieldCode="DE" term="%22Small+business%22">Small business</searchLink><br /><searchLink fieldCode="DE" term="%22Western+countries%22">Western countries</searchLink><br /><searchLink fieldCode="DE" term="%22Regression+analysis%22">Regression analysis</searchLink>
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  Data: <searchLink fieldCode="DE" term="%22Balkan+Peninsula%22">Balkan Peninsula</searchLink>
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  Label: Abstract
  Group: Ab
  Data: This study analyzes data from 998 SMEs in the Western Balkans using probit regression analysis to explore the significance of digital skills in driving innovation. The findings indicate that variables such as offering staff training, operating in different Western Balkan countries (compared to the reference category), being in the manufacturing sector, and implementing concrete measures for digital skills have statistically significant effects on firms' probability of innovating. These results offer valuable insights to businesses, encouraging them to capitalize on the opportunities presented by emerging digital technologies and the ongoing trend of digitalization across industries. This study confirms the pivotal role of digital skills to the development of innovative products and services, enhancing business performance and our understanding of the interconnectedness between digital technologies, innovation, and digital skills in SMEs. [ABSTRACT FROM AUTHOR]
– Name: AbstractSuppliedCopyright
  Label:
  Group: Ab
  Data: <i>Copyright of Journal of Technology Management & Innovation is the property of JOTMI Research Group and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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      – Code: eng
        Text: English
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      Pagination:
        PageCount: 13
        StartPage: 90
    Subjects:
      – SubjectFull: Digital technology
        Type: general
      – SubjectFull: Innovations in business
        Type: general
      – SubjectFull: Probit analysis
        Type: general
      – SubjectFull: Small business
        Type: general
      – SubjectFull: Western countries
        Type: general
      – SubjectFull: Regression analysis
        Type: general
      – SubjectFull: Balkan Peninsula
        Type: general
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      – TitleFull: The Importance of Digital Skills in Firms' Innovation: The Case of Western Balkans.
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            NameFull: Mahmutaj, Lura Rexhepi
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            NameFull: Jusufi, Nora
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            – D: 01
              M: 07
              Text: 2023
              Type: published
              Y: 2023
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