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Small Firms As Innovators
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Book Synopsis Innovation and Small Firms by : Zoltán J. Ács
Download or read book Innovation and Small Firms written by Zoltán J. Ács and published by MIT Press. This book was released on 1990 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Utilizing a unique data set, Zoltan Acs and David Audretsch provide a rich empirical analysis of the increased importance of small firms in generating technological innovations and their growing contribution to the U.S. economy. They identify the contributions made by both small and large firms to the innovative process and the manner in which market structure, and the firm-size distribution in particular, responds to technological change. The authors' analysis relies on traditional theories of industrial organization and tests existing hypotheses, many of them previously untested due to data constraints. Innovation and Small Firms brings together two large data bases recently released by the U. S. Small Business Administration - one directly measuring innovative activity for large and small firms, the other providing a detailed census of economic activity for all manufacturing firms and plants across a broad spectrum of industries. Acs and Audretsch describe and evaluate the data bases in the context of the literature on innovation, market structure, and firm size. They present their findings on the presence of small firms, small-firm entry in manufacturing, small-firm growth and flexible technology, and mobility and firm size. They compare static and dynamic measures of small-firm viability and address the relationships between R&D, innovation, and productivity, and analyze the interaction between technological regimes and the role of government in innovation.
Book Synopsis Innovation and Small Firms by : Zoltan J. Acs
Download or read book Innovation and Small Firms written by Zoltan J. Acs and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: It seems to be paradoxical that, at the beginning of the 1990s, when technical change seemed to play an unprecedented role in the U.S. welfare, that small firms emerged as a driving force of the U.S. economy. It is usually assumed that technological change requires the quantities of research and resources that giant corporations amass and organize. In response to this phenomenon, this study explores two major concerns: (1) the role of small firms in innovation; and (2) the manner in which market structure, and the firm-size distribution in particular, respond to technological change. The research examines these questions through the lens of industrial organization, analyzing them in the context of the structure-conduct-performance paradigm. The study tests existing hypothesis concerning industrial organization, many of which had never been previously tested duet o data constraints, by applying the newly created SBA data. Two new important data sources are introduced: the Small Business Administration Data Base (SBDB), which provides measures of economic activity by firm size, and Small Business Innovation Data Base (SBIDB), which involves a direct measure of innovation activity by firm size. These data enable a systematic empirical analysis of innovation and firm size. The report describes these datasets, compares them with more traditional data measures, and provides qualifications about the applicability and reliability of the data. The SBIDB data is then used to identify the determinants of innovative activity, and to find out whether those determinants are different for large and small firms. The innovative activity of small firms is found to make an important contribution distinct from that of large firms. The research also shows that industry innovative activity tends to decrease as the level of concentration increases. A model is presented that leads to the hypothesis that four distinct factors are responsible for the presence of small firms in any given industry: (1) the exogenous stock of entrepreneurial talent, (2) a stochastic element of managerial and entrepreneurial talent, (3) economies of scale and capital requirements, and (4) the entrepreneurial strategy deployed by small firms. This hypothesis is tested utilizing a cross-section of manufacturing industries, including a wide spectrum of firm sizes. The analysis also examines the extent of small firms in manufacturing industries. Concludes with the development of a model explaining the inter-industry variation in the presence of small firms. A new measure, employment-weighted gross entry, or births, in order to compare how the patterns of entry vary across firm size, with the traditional measures of entry, and how they are affected by the innovative activity of large and small firms. Two results of the study are: (1) that firms are apparently not deterred from entering industries that are capital-intensive, and (2) that, while the innovative activity of small firms is found to promote the entry of firms of all sizes, the extent of both total innovative activity and R&D intensity is found to inhibit entry. Concludes with a discussion of the role of innovation and firm size in intra-industry dynamics. The study investigates the differences between the growth rates of small and large firms, and examines the validity of the assumption underlying Gibrat's Law. It also tackles the question of what determines the extent of turbulence, or firm movements into, within, and out of an industry, and whether these determinants are different for small and large firms? Overall, small firms play an important role in the process of technological change. They generate market turbulence, competition, and industry renewal. Small firms are effective competitors in international high-tech arenas that require flexibility and the ability to respond to niche markets effici.
Book Synopsis Entrepreneurship and Innovation by : Tim Mazzarol
Download or read book Entrepreneurship and Innovation written by Tim Mazzarol and published by Springer Nature. This book was released on 2019-11-27 with total page 529 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an overview of the theory, practice and context of entrepreneurship and innovation at both the industry and firm level. It provides a foundation of ideas and understandings designed to shape the reader’s thinking and behaviour to better appreciate the role of innovation and entrepreneurship in modern economies, and to recognise their own abilities in this regard. The book is aimed at students studying advanced levels of entrepreneurship, innovation and related fields as well as practitioners (for example, managers, business owners). As entrepreneurship and innovation are largely indivisible elements and cannot be adequately understood if studied separately, the book provides the reader with an overview of these elements and how they combine to create new value in the market. This edition is updated with recent international research, including research and examples from Europe, the US, and the Asia-Pacific region.
Book Synopsis Managing Open Innovation in SMEs by : Wim Vanhaverbeke
Download or read book Managing Open Innovation in SMEs written by Wim Vanhaverbeke and published by Cambridge University Press. This book was released on 2017-05-27 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of open innovation (OI) has become a very popular topic during the last decade, with an increasing number of small- and medium-sized enterprises (SMEs) embracing OI practices to gain competitive advantage. With the majority of publications focusing on large firms, open innovation in SMEs has received scant attention from both scholars and practitioners. This book seeks to correct this imbalance by providing an in-depth study for both business managers and graduate-level students. Using rich, in-depth case studies from successful companies, it examines different approaches to managing OI in order to develop practical guidelines for implementation. It also highlights important differences between OI strategies in SMEs and large companies. Its findings will be of use to those studying or working in innovation management, open innovation, small business management and entrepreneurship.
Book Synopsis Innovation Strategies and Performance in Small Firms by : John Russel Baldwin
Download or read book Innovation Strategies and Performance in Small Firms written by John Russel Baldwin and published by Edward Elgar Publishing. This book was released on 2003 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: Features of the volume: comprehensive strategic profiles representative of small-firm populations; information from business surveys and administrative data sources for a better understanding of how strategies and activities relate to firm performance; and an exploration of how small-firm strategies and activities vary across a diverse range of operating environments- from manufacturing to services to science-based environments.
Book Synopsis Innovation in SMEs and Micro Firms by : Manuel Fernández-Esquinas
Download or read book Innovation in SMEs and Micro Firms written by Manuel Fernández-Esquinas and published by Routledge. This book was released on 2018-12-07 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the role of culture in the innovation dynamic of small firms within the context of their territorial environments? How do shared values, beliefs and practices underpin the knowledge production process that leads to innovation? In what way do symbolic aspects of social life shape European SMEs’ innovation processes? This volume gives an extensive insight into the complex links between culture and innovation in one of the key agents of economic life: SMEs and micro firms. The chapters employ different analytical and methodological strategies in regions of Europe to identify dimensions of culture, especially values, norms, skills and institutions, and to scrutinize which specific components of culture are relevant to firm innovation and to the more general dynamics of regional innovation. The original research presented shows how small firms learn, interact, compete and collaborate with other key agents of the innovation system. Taken as a whole, the volume points the way towards a more comprehensive framework for understanding the nature of innovation in SMEs and micro firms. The chapters in this book were originally published as a special issue of European Planning Studies.
Book Synopsis Innovation in Small Construction Firms by : Peter Barrett
Download or read book Innovation in Small Construction Firms written by Peter Barrett and published by Routledge. This book was released on 2008-01-11 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presenting new theoretical and practical insights and models grounded in descriptive case studies, Innovation in Small Construction Firms promotes the benefits of innovation within and between small and medium sized (SMEs) construction firms.
Book Synopsis Entrepreneurship and Economic Development by : Wim Naudé
Download or read book Entrepreneurship and Economic Development written by Wim Naudé and published by Springer. This book was released on 2010-12-08 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading international scholars provide a timely reconsideration of how and why entrepreneurship matters for economic development, particularly in emerging and developing economies. The book critically dissects the evolving relationship between entrepreneurs and the state.
Book Synopsis Innovation Strategies and Performance in Small Firms by : John Russel Baldwin
Download or read book Innovation Strategies and Performance in Small Firms written by John Russel Baldwin and published by Edward Elgar Publishing. This book was released on 2003 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: Features of the volume: comprehensive strategic profiles representative of small-firm populations; information from business surveys and administrative data sources for a better understanding of how strategies and activities relate to firm performance; and an exploration of how small-firm strategies and activities vary across a diverse range of operating environments- from manufacturing to services to science-based environments.
Book Synopsis Managing Innovation and Entrepreneurship in Technology-Based Firms by : Michael J. C. Martin
Download or read book Managing Innovation and Entrepreneurship in Technology-Based Firms written by Michael J. C. Martin and published by John Wiley & Sons. This book was released on 1994-09-28 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: Describes principles and methodologies necessary to build efficient and highly productive work systems in high tech organizations that must develop and deploy new products in a timely fashion with competitive advantage. Presents techniques applicable to small high tech consumer products or large complex systems requiring cost control, waste minimization and rapid product development. Stresses methodologies to be used for strategic advantage. Suggests diverse strategic plans and their pros and cons, depending on the product and markets.
Book Synopsis OECD Studies on SMEs and Entrepreneurship SMEs, Entrepreneurship and Innovation by : OECD
Download or read book OECD Studies on SMEs and Entrepreneurship SMEs, Entrepreneurship and Innovation written by OECD and published by OECD Publishing. This book was released on 2010-06-15 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores how government policy can boost innovation by improving the environment for entrepreneurship and small firm development and increasing the innovative capacities of enterprises.
Book Synopsis Corporate Explorer by : Andrew Binns
Download or read book Corporate Explorer written by Andrew Binns and published by John Wiley & Sons. This book was released on 2022-02-02 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate Explorers Transform Disruption Into Opportunity With This Proven Framework Innovation used to be seen as a game best left to entrepreneurs, but now a new breed of corporate managers is flipping this logic on its head. These Corporate Explorers have the insight, resilience, and discipline to overcome the obstacles and build new ventures from inside even the largest organizations. Corporate Explorers are part entrepreneurs, using innovation disciplines to jump start cutting-edge ideas, and part change leaders, capable of creating support for investment. They see that corporations already own the ideas, resources, and—critically—the talent to build new ventures. Companies like Amazon, Microsoft, Bosch, LexisNexis, and Analog Devices enable managers to put these assets to use and gain an upper hand over startups that threaten to disrupt them. Corporate Explorer is a guidebook to the practices that enable these managers to go from idea into action. It demonstrates how success is not only possible but may offer entrenched companies better odds than venture-capital backed startups. This actionable and proven framework explains how managers can become successful corporate innovators; it includes tools to: Learn how to apply innovation practices with greater discipline Turn great ideas into a full-time job as an innovation leader Experiment with and scale original business models Transform innovation programs into a thriving source of new business Attract, retain, and motivate entrepreneurial talent Energize employees by creating a realistic way to innovate These lessons come from the trailblazers of corporate innovation—Andrew Binns (Change Logic), Charles O'Reilly (Stanford Graduate School of Business), and Michael Tushman (Harvard Business School)—who have decades of experience helping entrepreneurial-minded executives activate employees to become Corporate Explorers. Entrepreneurs take notice—it's time for Corporate Explorers to set the pace and chart the course for disruption.
Book Synopsis Are Small Firms Important? Their Role and Impact by : Stephen Ackermann
Download or read book Are Small Firms Important? Their Role and Impact written by Stephen Ackermann and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are Small Firms Important? Their Role and Impact proposes and supports the claim that small firms make two indispensable contributions to the economy. First, they are an integral part of the renewal process that pervades market economies. New and small firms play a crucial role in experimentation and innovation that leads to technological change, productivity and economic growth. Second, small firms are the essential mechanism by which millions enter the economic and social mainstream of American society. The public policy implications for sustained economic growth and social well-being is the continued high-level creation of new and small firms by all segments of society. It should be the role of government policy to facilitate that process by eliminating entry barriers, lowering transaction costs, and minimizing regulation.
Book Synopsis The Role of Innovation and Entrepreneurship in Economic Growth by : Michael J Andrews
Download or read book The Role of Innovation and Entrepreneurship in Economic Growth written by Michael J Andrews and published by University of Chicago Press. This book was released on 2022-03-17 with total page 633 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Innovation and entrepreneurship are ubiquitous today, both as fields of study and as starting points for conversations among experts in government and economic development. But while these areas on continue to attract public and private investments, many measurements of their resulting economic growth-including productivity growth and business dynamism-have remained modest. Why this difference? Because not all business sectors are the same, and the transformative gains of some industries have been offset by stagnation or contraction in others. Accordingly, a nuanced understanding of the economy requires a nuanced understanding of where innovation and entrepreneurship occur and where they matter. Answering these questions allows for strategic public investment and the infrastructure for economic growth.The Role of Innovation and Entrepreneurship in Economic Growth, the latest entry in the NBER conference series, seeks to codify these answers. The editors leverage industry studies to identify specific examples of productivity improvements enabled by innovation and entrepreneurship, including those from new production technologies, increased competition, new organizational forms, and other means. Taken together, the volume illuminates whether the contribution of innovation and entrepreneurship to economic growth is likely to be concentrated, be it selected sectors or more broadly"--
Book Synopsis Entrepreneurship, Innovation and Business Clusters by : Panos G. Piperopoulos
Download or read book Entrepreneurship, Innovation and Business Clusters written by Panos G. Piperopoulos and published by Routledge. This book was released on 2016-04-29 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Entrepreneurship, Innovation and Business Clusters, Panos Piperopoulos provides a comprehensive introduction to what entrepreneurship is all about, how and why entrepreneurs innovate and how innovation systems operate. Small and medium enterprises (SMEs) constitute the backbone of most economies, so the author examines their characteristics and the crucial role played by the owners and entrepreneurs who innovate to ensure the survival and continued growth of their firms. He also includes the particular phenomena that arise where the entrepreneurs are either female or from ethnic groups, or where the context is that of a developing region or country. The importance of co-operative strategic alliances and networks between firms is discussed, along with how these strengthen SMEs' competitiveness. The concept of open innovation has been proposed as a new paradigm for the management of innovation and the author presents a hypothetical model for enhancing the competitiveness and performance of SMEs by properly utilizing employees' creative potential, emotional intelligence, tacit knowledge and innovative ideas. The contemporary model of business clusters, involving partnerships with competitors, agents, universities, research centres and local, regional and national governments is discussed. The ways, means and methods through which SMEs' competitiveness and innovation can be enhanced within business clusters is illustrated by cases that identify four types of SMEs, that behave differently and play different roles in the networks and clusters of which they form a part, but all of whose performance and competitiveness is a function of their position and role in the wider scheme of things.
Book Synopsis The Strategy of Small Firms by : Tim Mazzarol
Download or read book The Strategy of Small Firms written by Tim Mazzarol and published by Edward Elgar Publishing. This book was released on 2009 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: The majority of businesses throughout the world are small firms and they play a crucial role in the economic growth of the world's economies. The authors offer a conceptual framework supported by their own original case study data to explain how and why a small firm should approach strategic planning.
Download or read book The Innovator's DNA written by Jeff Dyer and published by Harvard Business Press. This book was released on 2011-07-12 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new classic, cited by leaders and media around the globe as a highly recommended read for anyone interested in innovation. In The Innovator’s DNA, authors Jeffrey Dyer, Hal Gregersen, and bestselling author Clayton Christensen (The Innovator’s Dilemma, The Innovator’s Solution, How Will You Measure Your Life?) build on what we know about disruptive innovation to show how individuals can develop the skills necessary to move progressively from idea to impact. By identifying behaviors of the world’s best innovators—from leaders at Amazon and Apple to those at Google, Skype, and Virgin Group—the authors outline five discovery skills that distinguish innovative entrepreneurs and executives from ordinary managers: Associating, Questioning, Observing, Networking, and Experimenting. Once you master these competencies (the authors provide a self-assessment for rating your own innovator’s DNA), the authors explain how to generate ideas, collaborate to implement them, and build innovation skills throughout the organization to result in a competitive edge. This innovation advantage will translate into a premium in your company’s stock price—an innovation premium—which is possible only by building the code for innovation right into your organization’s people, processes, and guiding philosophies. Practical and provocative, The Innovator’s DNA is an essential resource for individuals and teams who want to strengthen their innovative prowess.
