The Role of Process Maturity on Innovation and Performance of Entrepreneurial Opportunistic Organizations: A Case Study on Nano Firms

Abstract

The present paper aims to study the relations among variables of innovation, process maturity and firm’s performance. Along with this purpose, it first investigates the relationship between innovation and performance and second hypothesizes a positive relationship between process maturity and both innovation and performance. Several empirical studies examine these relations. The results from a questioner which was obtained from individual interviews in 253 firms were analyzed in order to identify the right variables for measurement. Then the causal relations of these variables were defined through Structural equation modeling SEM and AMOS 18. The results show that two variables of process maturity and innovation positively affect the efficiency of business environment. Innovation and performance are also under the effect of process maturity. One of the other results of this paper demonstrates that firm’s age moderates this effect.