Earlier this year, ENVISION asked European business owners to participate in a survey aimed at understanding how companies conduct innovation and how it contributes to the growth of their enterprise(s). The survey consisted of 45 questions and was available in 13 languages.
‘This is the first study to quantitatively study the impacts of BM Innovation’, researchers Harry Bouwman, Mark de Reuver and Frank Molina said.
The study showed that 37% of Europe’s small and medium sized companies are seriously engaged in BM Innovation. Of those SMEs that do implement BM Innovation, only 19% make use of formal methods; and only 7.5 % are aware of CANVAS – the best known BM approach.
`The good news is that BM Innovation does lead to higher overall performance – but more than half of European SMEs are not aware they have to change their BM. There is much room for making SMEs more aware, but also for improving the methods and tools that SMEs use to do BM Innovation.’ – Harry Bouwman said.