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HomePolicy Articles Article Summary

Annual Innovation Report 2004: Don’t Overlook the “MEs”

Report by Trefor Munn-Venn, Paul Mitchell

In this report, Munn-Venn and Mitchell explore the innovation, capabilities, and performance of Canada’s often-overlooked medium-sized firms. This report is part of an overall Conference Board exercise to assess the kinds of firms that will build Canada’s future economic success. Munn-Venn and Mitchell argue that medium-sized firms may serve as a model for how other Canadian firms can find their way in the global marketplace.

In assessing medium-sized firms, Munn-Venn and Mitchell argue that such businesses embody the critical characteristics that lead to economic success: they are global players, export-focused, niche-oriented, and innovative. Munn-Venn and Mitchell also examine these firms vis-à-vis innovation capabilities (collaboration, investment in research and development, human capital) and innovation performance (profit, productivity, market share, speed-to-market attributable to new goods, services or processes). They define High Growth Firms as firms which outperform other firms in both these areas of innovation.

Finally, Munn-Venn and Mitchell turn to the question of what accounts for the superior performance of High Growth firms. They argue that two critical factors are superior I this regard: institutional capabilities (including the appropriate leadership, structure and organizational culture), and a workforce with superior technical capabilities and world-class marketing and sales talent. They conclude their report with recommendations for how Canada can foster the growth of more innovative firms.

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Policy Publication Details

Author(s): Trefor Munn-Venn; Paul Mitchell;
Publisher: Conference Board of Canada [ Visit Website ]
Year Published: 2004; Publisher Type: Research Institute
Publicly Available: Yes Research Focus: International;
Registration Required: Yes Language: English
Payment Required: No Publication Format: Adobe PDF

Subjects / Categories:

Policy Articles / International Trade, Development & Finance / Foreign Investment
Policy Articles / International Trade, Development & Finance / International Market Access
Policy Articles / International Trade, Development & Finance / Imports & Exports
Policy Articles / International Trade, Development & Finance / Foreign Investment / 2004
Policy Articles / International Trade, Development & Finance / Imports & Exports / 2004
Policy Articles / International Trade, Development & Finance / International Market Access / 2004
Policy Articles / International Trade, Development & Finance


Keywords / Tags:

medium-sized firms; innovation capabilites; global economic success; institutional capabilities; technical capabilities;