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Barriers to Innovation in Small and Medium Enterprises in India

Barriers to Innovation in Small and Medium Enterprises in India PDF Author: Nomita Sharma
Publisher:
ISBN:
Category :
Languages : en
Pages : 37

Book Description
Small and medium enterprises (SMEs) form an integral part of Indian economy. In India, small and medium enterprises contribute about 45 percent of the gross turnover in the manufacturing sector and 40 percent of total exports. They are source of employment to large number of people and contribute significantly to growth and GDP of an economy. Small and medium enterprises in India are adopting innovative practices and technologies to sustain competitive environment. There are many small and medium enterprises in India that are innovating and using knowledge as a source of success. But these small-scale enterprises however lose out to the big enterprises in terms of financial sustainability, range of products, marketing clout, brand and bargaining power. These barriers often act as road block for success of small and medium enterprises in India. But, it is observed that there are number of small and medium enterprises that find ways in overcoming these barriers and become innovative in the process. The present study focuses on identifying barriers that affect innovative behavior of small and medium enterprises in India. To be more specific, following research issues have been examined: understand the different barriers faced by small and medium enterprises in their innovative behavior and how small and medium enterprises overcome them? The study is an attempt to seek answer to these questions. Extensive literature review includes the concept of innovation, innovation process and barriers faced by SMEs. Different government, private associations are approached for data collection. The study is conducted on four sectors: Automotive Component, Textile (Garment manufacturing), Pharmaceutical and Information Technology. The result shows that most of the enterprises face barriers in innovating such as shortage of technical know-how, shortage of skilled manpower and high cost of innovation.

Barriers to Innovation in Small and Medium Enterprises in India

Barriers to Innovation in Small and Medium Enterprises in India PDF Author: Nomita Sharma
Publisher:
ISBN:
Category :
Languages : en
Pages : 37

Book Description
Small and medium enterprises (SMEs) form an integral part of Indian economy. In India, small and medium enterprises contribute about 45 percent of the gross turnover in the manufacturing sector and 40 percent of total exports. They are source of employment to large number of people and contribute significantly to growth and GDP of an economy. Small and medium enterprises in India are adopting innovative practices and technologies to sustain competitive environment. There are many small and medium enterprises in India that are innovating and using knowledge as a source of success. But these small-scale enterprises however lose out to the big enterprises in terms of financial sustainability, range of products, marketing clout, brand and bargaining power. These barriers often act as road block for success of small and medium enterprises in India. But, it is observed that there are number of small and medium enterprises that find ways in overcoming these barriers and become innovative in the process. The present study focuses on identifying barriers that affect innovative behavior of small and medium enterprises in India. To be more specific, following research issues have been examined: understand the different barriers faced by small and medium enterprises in their innovative behavior and how small and medium enterprises overcome them? The study is an attempt to seek answer to these questions. Extensive literature review includes the concept of innovation, innovation process and barriers faced by SMEs. Different government, private associations are approached for data collection. The study is conducted on four sectors: Automotive Component, Textile (Garment manufacturing), Pharmaceutical and Information Technology. The result shows that most of the enterprises face barriers in innovating such as shortage of technical know-how, shortage of skilled manpower and high cost of innovation.

Barriers to Innovation in Indian Small and Medium-Sized Enterprises

Barriers to Innovation in Indian Small and Medium-Sized Enterprises PDF Author: Anshul Pachouri
Publisher:
ISBN:
Category :
Languages : en
Pages : 30

Book Description
Innovation plays a critical role in shaping the industrial and firm competitiveness of any nation. Innovation is often discussed in the setting of developed countries, but the rise of emerging economies such as India has generated a new interest in understanding innovation in developing economies. This paper aims to study and present the current state of innovation in small and medium-sized enterprises (SMEs) in India. The focus of the paper is to bring out the key barriers SMEs face in the innovation process in the context of the existing government policy. India, being a developing nation, has its own set of unique situations and challenges that impede the innovation potential of SMEs operating in it. Many of these barriers are related to public policy, funding constraints, shortage of skilled research and development (R&D) workforce, and weak linkages between institutions and the firms, among others.

Indian Smes And Start-ups: Growth Through Innovation And Leadership

Indian Smes And Start-ups: Growth Through Innovation And Leadership PDF Author: Leo-paul Dana
Publisher: World Scientific
ISBN: 9811269564
Category : Business & Economics
Languages : en
Pages : 376

Book Description
Over the years, India has emerged as the third largest start-up ecosystem in the world, earning itself the reputation of being the emerging land for delivering unicorns. It has become one of the most attractive regions in the world for initiating and scaling up new business ideas. Many venture capitalists have invested in India's start-up ecosystem, and the government has also launched a variety of schemes to promote this growth. Indian organisations have become more competitive, making their global presence felt and expanding their reach into new industries and sectors.What factors have been pivotal for the growth of Indian start-ups? How did the Indian ecosystem evolve to fuel this growth? Is the role of leadership in start-ups more crucial than in other organisations?This book, through its diverse range of chapters, not only provides answers to the above questions, but also makes sincere efforts to highlight the innovative potential that start-ups carry and the leadership that is required to sail them through global competition. The book also provides an insight on the race of unicorns and how Indian start-ups have been extremely successful in bagging this coveted title. This edited book is a must-read for budding entrepreneurs and researchers who aim to understand and conduct research on Indian start-ups and their ecosystem support.

Innovation in Emerging Market Micro, Small and Medium Enterprises

Innovation in Emerging Market Micro, Small and Medium Enterprises PDF Author: Gayatri Ramnath
Publisher:
ISBN:
Category : Bangalore (India)
Languages : en
Pages : 0

Book Description
This research study uses a resource-based perspective to addresses innovation in indigenous micro, small and medium enterprises (MSME) in a globalized emerging economy. Unlike large multinationals operating in these economies, indigenous MSME are tied to their local/regional institutional contexts. While on one hand they benefit from the spillovers of globalization, on the other, they have to compete for resources with larger firms. Using a broad definition of innovation, this research highlights the nature of innovation and the barriers affecting innovative outcomes in these firms. Compared to earlier studies, this study explicitly makes a distinction between micro-firms and larger SME as well as core and non-core innovative outcomes. New data for this research was obtained by implementing a primary survey along the lines of the Oslo Framework in Bangalore, one of India's most globalized regions resulting in a sample of 108 MSME. This research finds that compared to larger SME, micro-firms have less innovative dynamism with both core and non-core innovations. This research also finds that firm size plays an important moderating effect between barriers and innovative outcomes. When barriers related to core technical innovations are present, larger SME are more likely to introduce other types of innovations whereas micro-firms are less likely to introduce any kind of innovation.

Innovation in Indian SMEs

Innovation in Indian SMEs PDF Author: Nomita Sharma
Publisher:
ISBN:
Category :
Languages : en
Pages : 29

Book Description
Small and medium enterprises (SMEs) are an important source of entrepreneurship and innovation. These enterprises contribute to economy by providing employment to large number of people and also significantly to growth and GDP of an economy. Knowledge has become important factor of success and has replaced old factors like labor and capital. In order to survive in the globalized market, small and medium enterprises use knowledge to innovate. But there are some small and medium enterprises in India that remain non-innovative. Non-innovative small and medium enterprises are not able to recognize business environmental factors. As a result of which they fail to survive and eventually perish. The present study focuses on identifying innovative and non-innovative small and medium enterprises in India. To be more specific, following research issues have been examined: How are innovative SMEs differ from non-innovative SMEs in India? What different types of innovation are adopted by SMEs? The study is an attempt to seek answer to these questions. Extensive literature review includes the concept of innovation, innovation process, management of innovation. Different government, private associations are approached for data collection. The study is conducted on four sectors: Automotive Component, Textile (Garment manufacturing), Pharmaceutical and Information Technology. The result shows that innovative small and medium enterprises differ from non-innovative enterprises on many accounts like innovations and resources availability. The innovative small and medium enterprises are involved in the improvements depending on the nature of sector, product, cost and demand of that product in the market. And the non-innovative enterprises ones fail to recognize challenges and thus perish.

Barriers to Innovation

Barriers to Innovation PDF Author: André Piatier
Publisher: London ; Dover, N.H. : F. Pinter
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 280

Book Description


Small and Medium Enterprises

Small and Medium Enterprises PDF Author: Information Resources Management Association
Publisher: IGI Global
ISBN: 1466638877
Category : Business & Economics
Languages : en
Pages : 2031

Book Description
"This book provides a comprehensive collection of research on current technological developments and organizational perspectives on the scale of small and medium enterprises"--Provided by publisher.

Innovation and Competitiveness of Small and Medium Enterprises

Innovation and Competitiveness of Small and Medium Enterprises PDF Author: Lakshmanam Rathakrishnan
Publisher: Gyan Publishing House
ISBN: 9788178358345
Category : Competition
Languages : en
Pages : 352

Book Description
Transcript of papers with special reference to India which were presented at a national seminar.

Achieving Business Competitiveness in a Digital Environment

Achieving Business Competitiveness in a Digital Environment PDF Author: Tereza Semerádová
Publisher: Springer Nature
ISBN: 3030931315
Category : Business & Economics
Languages : en
Pages : 247

Book Description
The COVID-19 pandemic has been a very strong reminder that the future economic development of any country is more than ever influenced by its ability to ramp-up digital competitiveness. Consequently, enterprises were pushed to assess and develop the possibilities offered by e-commerce and online marketing tools. In this book, experts outline the prerequisites for such online marketing competitiveness and compare the current level of digital marketing competitiveness in Europe by using publicly available macro and micro-level data. The authors present their analyses and recommendations including interviews with over 125 online marketers and e-commerce specialists and present the lessons from digitalization of over 600 SMEs.

Handbook of Innovation Systems and Developing Countries

Handbook of Innovation Systems and Developing Countries PDF Author: Bengt-Åke Lundvall
Publisher: Edward Elgar Publishing
ISBN: 1849803420
Category : Social Science
Languages : en
Pages : 411

Book Description
The innovation systems (IS) approach emerged as a theoretical framework in the industrialized world in the mid-1990s to explain innovation and growth in the developed world. This Handbook is the first attempt to adapt the IS approach to developing countries from a theoretical and empirical viewpoint. The Handbook brings eminent scholars in economics, innovation and development studies together with promising young researchers to review the literature and push theoretical boundaries. They critically review the IS approach and its adequacy for developing countries, discuss the relationship between IS and development, and address the question of how it should be adapted to the realities of developing nations. Spanning national, sectoral and regional innovation systems across Asia, Latin America and Africa, and written by the world s leading scholars within the field, this comprehensive Handbook will strongly appeal to academics, researchers and students with an interest in innovation and technology in developing countries.