Prioritizing the Factors Affecting Innovation Capability of Steel Manufacturing SMEs Using Fuzzy Logic

Abstract

<span style="font-size:11.0pt;font-family: " times="" new="" roman","serif";mso-fareast-font-family:"times="" roman";mso-bidi-font-family:="" mangal;letter-spacing:-.1pt;mso-ansi-language:en-gb;mso-fareast-language:en-us;="" mso-bidi-language:hi"="" lang="EN-GB">The measurement of innovation capability of an organisation is a difficult task. Various methods for the measurement of innovation have been developed. But a method involving fuzzy logic for the measurement of innovation in MSMEs has yet not been developed. In this study, eighteen factors affecting innovation capability of steel manufacturing MSMEs were obtained from literature. Experts from industry and academics were approached for prioritizing these factors. A survey was conducted based on the questionnaire prepared. These factors are prioritized using Chen’s method of ranking fuzzy numbers. This study is beneficial to the entrepreneurs and practicing managers for focusing strategies to make their firm innovative.</span>