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The Locus Of Innovation In Small And Medium Sized Firms
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Book Synopsis The Locus of Innovation in Small and Medium-Sized Firms by : Willem Hulsink
Download or read book The Locus of Innovation in Small and Medium-Sized Firms written by Willem Hulsink and published by . This book was released on 2013 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social networks matter in the innovation processes of young and small firms, since lsquo;innovation does not exist in a vacuum (Van De Ven, 1986: 601).' The contacts a firm has could both generate advantages for further innovation and growth, and disadvantages leading to inertia and stagnation. In the first case the existing social network or the new business contact provides opportunities furthering eventual success, in the second case, the existing network or the new business contacts turns out to have a constraining or even detrimental effect on performance. The search and use of social capital is driven by goal-specificity: it only includes those ties that help the actor in the attainment of particular goals. Most of the research so far has been deliberately or unwillingly one-sided, by for instance only looking at entrepreneurial firms in dynamic industries (or more specifically, start-ups in the high-tech industries). Or selective attention has been paid to either the internal sources or the external contacts to trigger innovation. And when a conclusive study has been conducted into investigating both the effect of internal and external ties on innovation, the sample often includes large and established companies and managers (instead of entrepreneurs and smaller firms, as what we are interested in). The main line of reasoning in this paper is as follows. In the first section we discuss the key network concepts, such as, social capital, relational embeddedness (strong and weak ties), structural embeddedness (i.e. structural holes). Section two deals with innovation and the central role of knowledge in the discovery and realisation of innovations. Social networks and its potential for knowledge brokering appear to be important and therefore the last section focuses on the relationship between particular network characteristics and innovation.
Book Synopsis Innovation in big firms and medium sized firms. Approaches, differences and examples by : Maximilian Boddenberg
Download or read book Innovation in big firms and medium sized firms. Approaches, differences and examples written by Maximilian Boddenberg and published by GRIN Verlag. This book was released on 2019-08-22 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Document from the year 2018 in the subject Business economics - Business Management, Corporate Governance, grade: 1,0, Ingolstadt University of Applied Sciences, language: English, abstract: This seminar paper tries to find an appropriate attempt to explain the differences regarding innovation in big and medium sized firms and their approaches. The main thesis is that long-term growth in profits depends significantly on firms' investment in innovation activities. In theory, large companies with big research budgets and the resources to hire top scientists and the best skilled employees should have a remarkably huge advantage when it comes to innovation. In practice, however, smaller firms with comparatively tiny budgets often manage to out-innovate the bigger, established competitors. To understand the meaning of innovation, it is important to determine different innovative dimensions. Innovation is often stated as a "driver for success" or the "fuel" that powers our economy and leads it to prosperity, especially in Germany with its traditional organizations and their role in society. It is not only important for the economy, but they can also be a source of political and social ingredients. Innovations will play the key role for the challenges that face our global society in the 21th century. Global problems as the rise of population and mass urbanization, the global garbage problem, or climate change can only be solved by brave innovators. Those challenges can not only be seen as problems, but companies around the world can develop innovative products to accelerate their business success. The central question, regarding big firms is: How can so huge networks and highly branched systems manage the different kind of innovations? Is it really necessary for surviving? One of the problems that many large organizations face is how to innovate successfully within the confines of a massive, bureaucratic operational structure. Nowhere is this more apparent than in the area of research and development, where small, entrepreneurial firms routinely do end runs on large companies will multi-million dollar research budgets. It is really interesting to know how flexible and adaptive big firms can be in this situation of change and how medium firms challenge different kinds of disruptions and innovations.
Book Synopsis Successful Innovation by : J. Cobbenhagen
Download or read book Successful Innovation written by J. Cobbenhagen and published by Edward Elgar Publishing. This book was released on 2000-01-01 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: '. . . well worth reading and absorbing, particularly by teachers of "principles" courses who wish to give their students a more correct perspective on the findings of the economic science of applied welfare economics contained in discussions of cost/benefit analysis, most distributive issues, and evaluations of tax policy.' - Peter Groenewegen, History of Economics Review
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 and the Small and Medium Sized Firm by : Roy G. Rothwell
Download or read book Innovation and the Small and Medium Sized Firm written by Roy G. Rothwell and published by Springer. This book was released on 1982-06 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Innovation and Competitiveness of Small and Medium Enterprises by : Lakshmanam Rathakrishnan
Download or read book Innovation and Competitiveness of Small and Medium Enterprises written by Lakshmanam Rathakrishnan and published by Gyan Publishing House. This book was released on 2010 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transcript of papers with special reference to India which were presented at a national seminar.
Book Synopsis Strategic Innovation in Small Firms by : Tim Mazzarol
Download or read book Strategic Innovation in Small Firms written by Tim Mazzarol and published by Edward Elgar Publishing. This book was released on 2011-08-31 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic Innovation in Small Firms is an investigation of the commercialization practices of small firms across a wide range of industries in nine OECD countries. The authors examine the perspective of these firms' managers on their national innovation systems and on their firm's innovation management practices. The research is focused on understanding the process of innovation management both from the perspective of the small firm and from a broader strategic perspective. Drawing on a database of 567 cases, the contributors examine the commercialization practices of small to medium sized firms across a wide range of industries. They suggest that there are more similarities than differences to be found between countries and industries with size, level of R&D intensity and type of innovation project being important points of difference. The need for increased formality in the commercialization of radical innovations is shown, although they find that most small firms are not characterized by such formality within their innovation management processes.This multinational study in which a common methodology and case study survey protocol is employed, will strongly appeal to academic researchers and research students as well as policymakers engaged in the support for innovation commercialization in SMEs. Entrepreneurs and small business owners will also find plenty of invaluable information in this unique and important resource.
Book Synopsis Information Systems -- Creativity and Innovation in Small and Medium-Sized Enterprises by : Gurpreet Dhillon
Download or read book Information Systems -- Creativity and Innovation in Small and Medium-Sized Enterprises written by Gurpreet Dhillon and published by Springer. This book was released on 2009-07-10 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains the collection of papers presented at the conference of the International Federation for Information Processing Working Group 8.2 "Information and Organizations." The conference took place during June 21–24, 2009 at the Universidade do Minho in Guimarães, Portugal. The conference entitled "CreativeSME - The Role of IS in Leveraging the Intelligence and Creativity of SME’s" attracted high-quality submissions from across the world. Each paper was reviewed by at least two reviewers in a double-blind review process. In addition to the 19 papers presented at the conference, there were five panels and four workshops, which covered a range of issues relevant to SMEs, creativity and information systems. We would like to show our appreciation of the efforts of our two invited keynote speakers, Michael Dowling of the University of Regensburg, Germany and Carlos Zorrinho, Portuguese coordinator of the Lisbon Strategy and the Technological Plan. The following organizations supported the conference through financial or other contributions and we would like to thank them for their engagement:
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.
Author :Organisation for Economic Co-operation and Development Publisher :Organisation for Economic Co-operation and Development ; [Montreal : Renouf] ISBN 13 : Total Pages :70 pages Book Rating :4.:/5 (38 download)
Book Synopsis Innovation in Small and Medium Firms by : Organisation for Economic Co-operation and Development
Download or read book Innovation in Small and Medium Firms written by Organisation for Economic Co-operation and Development and published by Organisation for Economic Co-operation and Development ; [Montreal : Renouf]. This book was released on 1982 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comprises three background reports on which is based the Report by the Committee for Scientific and Technological Policy on innovation in small and medium firms.
Book Synopsis Innovation Systems and Capabilities in Developing Regions by : Willie Siyanbola
Download or read book Innovation Systems and Capabilities in Developing Regions written by Willie Siyanbola and published by Routledge. This book was released on 2016-05-23 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's knowledge-driven world, innovation and innovation systems have become key policy issues. However, the extent of knowledge that is available on these concepts in less developed countries is still relatively low. Much of what we know about innovation theory and systems has come from the developed countries and reflects their world view. This apparent knowledge deficit has major implications for less developed countries. Innovation Systems and Capabilities in Developing Regions adds to the growing body of knowledge on developing countries. The theoretical and empirical case studies presented here advance the notion that, while developing countries may not engage in frontier research, a critical knowledge base upon which these countries compete for global markets is emerging. There is evidence that state and non-state actors are increasingly emphasising policies that sit within the framework of national innovation systems. This book illuminates this shift in policy competence at national levels. The contributions in this volume highlight the need for thorough understanding of the role of diffusion-based innovation linked to technology transfer and acquisition. They also provide empirical evidence on the drivers, dynamics and impact of such innovation in developing economies and the constraints that apply. Contributors also document the application of the innovation system approach in developing countries as well as the build-up and diffusion of technological capabilities within innovation systems. Academics, higher level students, policy makers and practitioners involved with innovation and the economics of technical change, particularly in developing countries, will find this a valuable book.
Book Synopsis International Entrepreneurship in Small and Medium Size Enterprises by : Hamid Etemad
Download or read book International Entrepreneurship in Small and Medium Size Enterprises written by Hamid Etemad and published by Edward Elgar Publishing. This book was released on 2004-01-01 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: The drivers of globalization are removing the barriers that segregated the competitive space of the small and large firms in the past. It is becoming increasingly difficult for independent small firms to thrive in their traditional markets unless they are globally competitive. Managing an enterprise's commercial, industrial and political relations well, regardless of size and location, is the essence of the entrepreneurial challenge in this competitive arena. Small and medium size enterprises (SMEs) often face very different issues than large multinational enterprises do when confronting internationalization. This volume provides an in-depth discussion of these challenges. The contributors to this volume explore the emerging patterns of SME growth and international expansion in response to the evolving competitive environment, dynamics of competitive behavior, entrepreneurial processes and formulation of strategy. They examine the basis and requirements of growth and expansion from three perspectives: the rapidly-changing environment in which business is conducted, entrepreneurial characteristics, and the evolving strategic and competitive response to this changing business environment. Business leaders, scholars and students interested in international business and entrepreneurship will welcome this volume.
Book Synopsis Innovative Firms Or Innovative Owners? by : Suresh De Mel
Download or read book Innovative Firms Or Innovative Owners? written by Suresh De Mel and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation is key to technology adoption and creation, and to explaining the vast differences in productivity across and within countries. Despite the central role of the entrepreneur in the innovation process, data limitations have restricted standard analysis of the determinants of innovation to consideration of the role of firm characteristics. We develop a model of innovation which incorporates the role of both owner and firm characteristics, and use this to determine how product, process, marketing and organizational innovations should vary with firm size and competition. We then use a new large representative survey from Sri Lanka to test this model and to examine whether and how owner characteristics matter for innovation. The survey also allows analysis of the incidence of innovation in micro and small firms, which have traditionally been overlooked in the study of innovation, despite these firms comprising the majority of firms in developing countries. More than one quarter of microenterprises are found to be engaging in innovation, with marketing innovations the most common. As predicted by our model, firm size is found to have a stronger positive effect, and competition a stronger negative effect, on process and organizational innovations than on product innovations. Owner ability, personality traits, and ethnicity are found to have a significant and substantial impact on the likelihood of a firm innovating, confirming the importance of the entrepreneur in the innovation process. -- Innovation ; microenterprises ; SMEs ; development
Book Synopsis Innovation in Small Firms by : Henry Ivers
Download or read book Innovation in Small Firms written by Henry Ivers and published by Nova Science Publishers. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the extent to which product innovations stem from small, young firms versus large, established firms by analysing the patenting behaviour of public firms derived from the NBER-Compustat database and assembling a dataset of private and public firms from the Thomas Register of American Manufacturers. The Thomas Register evidence shows that small firms are surprisingly capable of inventing and managing products relative to large firms. In 2002, small firms had an average of 10.01 products, while large firms had an average of 21.44 products; thus, small firms had on average half the number of products per firm compared to large firms. The NBER-Compustat evidence shows that small firms are more innovative per dollar of R&D than large firms, and the extent to which this occurs is decreasing in firm age; and young firms are more innovative per dollar of R&D than old firms, and the extent to which this occurs is decreasing in firm size.
Download or read book Innovation written by John R. Baldwin and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the differences in strategies and activities pursued by a sample of more-successful and less-successful group of growing small-and medium-sized enterprises. Amongst other matters, it examines different functional strategies--the importance of management, human resource practices, marketing, financing, and the innovativeness of the firm. Innovative activites are the most important determinants of success; that is, for a wide range of industries, they serve to discriminate between the more- and the less-successful firms better than any other variable. Almost all of the strategy questions that relate to innovative activity receive higher scores from the more-successful group of firms than from the less-successful group of firms. This is also the case for innovative activities--whether a firm possesses an R&D unit, its expenditure on R&D relative to total investment, and its R&D-to-sales ratio.
Book Synopsis No-Excuses Innovation by : Bruce Vojak
Download or read book No-Excuses Innovation written by Bruce Vojak and published by Stanford University Press. This book was released on 2022-09-06 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: The case for innovation and a clear, targeted strategy for planning and implementation that will help small- and medium-sized mature enterprises (SMMEs) thrive through reinvention and renewal. In contrast to large companies, SMMEs are on their own to win or lose in the marketplace. They may lack the relative economies of scale and scope, available to large companies, to understand and invest in innovation. Often they are in a position of sustained disadvantage with no perceived path of renewal. As SMMEs approach maturity, it is common for them to choose to only maintain what they believe to be the safety of maturity attained rather than to opt for a strategy that also includes constant reinvention and renewal. But as Bruce A. Vojak and Walter B. Herbst argue, this path of seemingly least risk and least resistance can be the most detrimental to the company in the long run. The real risk is to not innovate. No-Excuses Innovation makes the case to owners, advisors, executives, and leaders—as well as those in the trenches—of the value of innovation: why it's worthy of investment and what it can do for the health and longevity of a company. This book also details how innovation, and thus reinvention and renewal, can be most effectively and efficiently implemented. With case studies and narrative examples drawn from their time in industry and the academy, the authors present a valuable strategy guide specific to SMMEs and to one of the biggest existential dilemmas they encounter.
Book Synopsis Researching Open Innovation In Smes by : Wim Vanhaverbeke
Download or read book Researching Open Innovation In Smes written by Wim Vanhaverbeke and published by World Scientific. This book was released on 2018-02-13 with total page 536 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 increasing number of SMEs embracing OI practices to gain competitive advantage. This edited volume is a timely opportunity to gather research on OI in SMEs, to investigate how OI is managed and implemented to determine the peculiarities compared to OI management in large companies, and to specify the consequences for future OI research.The book offers insights into the following topics: The state of the art on open innovation in SMEs; adopting open innovation in SMEs; interorganizational networks and innovation ecosystems; sectoral patterns of open innovation in SMEs; and measuring, evaluating and stimulating open innovation in SMEs.
