Organizational innovations of European small and medium-sized enterprises (SMEs) in the industrial sector are one of the main drivers of sustainable economic development. The main objective of the article is, based on the interpretation of theoretical statements, to study and assess the correlation between organizational innovations and the sustainable development of the economic activity of SMEs in the Member States of the European Union during the period 2012-2022. The assessment of the implemented types of organizational innovations is carried out using the indicator of “new business practices for organizing procedures or external relations of European SMEs in the industrial sector”. The size of the “realized net turnover” is used as a measure of the sustainable development of the economic activity of the surveyed enterprises. The adopted methodological framework of the study includes the application of the method of linear regression and correlation. The collected empirical data were processed using the IBM SPSS Statistics software product and the Excel program. The obtained research results support the positive influence of the organizational innovations carried out on the growth of the realized net turnover of SMEs in the industrial sector of Europe. The emerging similarities and differences between the studied enterprises in the countries of the European Union are highlighted. More important regularities in the development of organizational innovation at the level of enterprises in the European industrial sector are deduced.
Varamezov et al. (Tue,) studied this question.