Influence of CEO characteristics of SMEs on technological innovation and management performance

Abstract

Background/Objectives: CEOs of SMEs are highly influential and have a high concentration of decision-making power. Therefore, it can be said that the characteristics of CEO of SMEs have a great influence on corporate innovation activities. The purpose of this study is to investigate the effect of technological innovation on the characteristics of SME CEO and management performance, and to help survival and growth of SMEs facing difficulties in rapid environmental change.
Methods/Statistical analysis: In this study, CEOs and executives of SMEs were selected as research subjects, and interviews and e - mails were used to conduct surveys. The questionnaire consisted of 42 items including 6 items of demographics. Likert 5point scale was used for all items except for the question about the general characteristics of the respondents in the questionnaire.Statistical analysis, reliability analysis, and exploratory factor analysis were performed using IBM SPSS Statistics 22, and AMOS 22.0 was used for confirmatory factor analysis, structural model analysis, and mediating effect test.
Findings:Summarizing the results of the study, First, the research hypothesis that analyzed the influence of the psychological characteristics of CEO of SMEs on technology innovation led to the conclusion that CEO 's attitude to challenge and enjoy new business has a significant influence on technological innovation. Second, the hypothesis to analyze the significant influence relationship of CEO 's competence characteristics on technological innovation led to the conclusion that CEO' s risk coping ability and external organization 's sense have a significant influence on technological innovation capacity.Third, the hypothesis test that analyzed the effect of technological innovation on business performance showed that efforts to introduce innovative products at a higher level than existing products in terms of product performance and quality affected the operating profit and net profit and it was concluded that. Fourth, the degree of technological innovation has a direct or indirect influence on the relationship between CEO characteristics of SMEs and business performance of SMEs.
Improvements/Applications: Because the analysis method of this study used only the structural model analysis and the mediating effect test, it could not analyze the group such as the growth stage of the company, the manager 's age, and the size of the company. Therefore, we can obtain better research results by subdividing the research subjects, separating the groups based on various characteristics, and analyzing the cluster analysis or the control effect.