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Author: Roy Rothwell Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Analyzes the role of small- to medium-sized manufacturing firms in innovation and the economy, arguing for active government assistance. Small- to medium-sized firms (SMEs), defined as firms with less than 500 employees, play a crucial role in the economy, though this analysis supports Schumpeter's (1939) argument that the role of SMEs varies from industry to industry, and within an industry as it develops. Multiple general and technology policy reasons are given for support of SMEs, including that SMEs lead to a more favorable balance of economic power, mutually beneficial small/large firm relations, and a significant source of employment. Additionally, research supporting a model developed by Abernathy and Utterbach (1975) shows that in certain industry sectors, small firms contribute to a disproportionately high percentage of radical innovations. Similarly, calculations of the National Science Foundation's industrial R&D statistics (1976) show that small firms have performed better in terms of innovation measured against dollar expenditure than have large firms. The importance and effectiveness of entrepreneurship in small firms is discussed, as well as strategies for large firms to adopt small-firm entrepreneurial methods. After analyzing the differing economic roles of SMEs in the United Kingdom, Japan, and the United States, it is determined that SMEs play the most vital role in the United States where they are seen as the cornerstone of a free market economy -- though differences from sector to sector are to be accounted for. Thus, SMEs merit government support, which they have been receiving in many forms, including entrepreneurial education, tax concessions, technical and information services, a network of industrial research organizations, etc. Concludes that SMEs are essential to the innovative progress of the economy, especially playing highly significant roles at the early, fluid stages of development in new technological industries. (CJC).
Author: Roy Rothwell Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Analyzes the role of small- to medium-sized manufacturing firms in innovation and the economy, arguing for active government assistance. Small- to medium-sized firms (SMEs), defined as firms with less than 500 employees, play a crucial role in the economy, though this analysis supports Schumpeter's (1939) argument that the role of SMEs varies from industry to industry, and within an industry as it develops. Multiple general and technology policy reasons are given for support of SMEs, including that SMEs lead to a more favorable balance of economic power, mutually beneficial small/large firm relations, and a significant source of employment. Additionally, research supporting a model developed by Abernathy and Utterbach (1975) shows that in certain industry sectors, small firms contribute to a disproportionately high percentage of radical innovations. Similarly, calculations of the National Science Foundation's industrial R&D statistics (1976) show that small firms have performed better in terms of innovation measured against dollar expenditure than have large firms. The importance and effectiveness of entrepreneurship in small firms is discussed, as well as strategies for large firms to adopt small-firm entrepreneurial methods. After analyzing the differing economic roles of SMEs in the United Kingdom, Japan, and the United States, it is determined that SMEs play the most vital role in the United States where they are seen as the cornerstone of a free market economy -- though differences from sector to sector are to be accounted for. Thus, SMEs merit government support, which they have been receiving in many forms, including entrepreneurial education, tax concessions, technical and information services, a network of industrial research organizations, etc. Concludes that SMEs are essential to the innovative progress of the economy, especially playing highly significant roles at the early, fluid stages of development in new technological industries. (CJC).
Author: Joe Tidd Publisher: World Scientific ISBN: 1786343495 Category : Business & Economics Languages : en Pages : 513
Book Description
Since the pioneering work scholars such as Joseph Schumpeter and Peter Drucker, the fields of innovation and entrepreneurship have evolved to become two separate and distinct disciplines. Schumpeter 1 focused on the contributions of entrepreneurial startups and smaller firms, whereas Schumpeter 2 emphasized the role of formal research, development and industrial innovation in larger firms. Unfortunately, the study and practice of each field has suffered as a result: entrepreneurship has become preoccupied with individual entrepreneurs and small business creation, and innovation is dominated by corporate R&D and new product development.Promoting Innovation in New Ventures and Small and Medium Sized Enterprises (SMEs) aims to bridge these two fields by examining innovation in new ventures and SMEs. This book identifies themes which can reunite the study and practice of entrepreneurship and innovation by examining a potentially bridging phenomenon. The focus here is on high growth, innovative SMEs, and the interactions between SMEs and larger organizations, private and public. It is organized around three overlapping themes: SME innovation performance, practices and networks.
Author: Wim Vanhaverbeke Publisher: Cambridge University Press ISBN: 1108165796 Category : Business & Economics Languages : en Pages : 253
Book Description
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.
Author: Bjørn T. Asheim Publisher: Edward Elgar Publishing ISBN: 1781009651 Category : Business & Economics Languages : en Pages : 260
Book Description
'A must read for academics and regional planners alike who wish to understand the workings of a regional innovation system. The authors have given a fresh, comprehensive and sound analysis which offers an excellent framework for regional innovation policy design.' - Mikel Landabaso, European Commission, Brussels, Belgium This book provides an extensive evaluation of the numerous policy instruments used by regional governments in Europe to promote innovation activity in Small and Medium sized Enterprises (SMEs). The instruments are compared and benchmarked in order to identify 'good practice', in an effort to bridge the gap between the theory of regional innovation and real-world policy implementation.
Author: Maximilian Boddenberg Publisher: GRIN Verlag ISBN: 3346002411 Category : Business & Economics Languages : en Pages : 23
Book Description
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.
Author: Katharina Jarmai Publisher: Springer Nature ISBN: 9402417206 Category : Philosophy Languages : en Pages : 101
Book Description
This Open Access book, Responsible innovation provides benefits for society, for instance more sustainable products, more engagement with consumers and less anxiety about emerging technologies. As a governance tool it is mostly driven by research funders, including the European Commission, under the term “responsible research and innovation” (RRI). To achieve uptake in private industry is a challenge. This book provides successful case studies for the implementation of responsible innovation in businesses. The importance of social innovations is emphasized as a link between benefits for society and profits for businesses, especially SMEs. For corporate industry it is shown how responsible innovation can offer a competitive advantage to adopters. The book is based on the latest insights from theory and practice and combines conceptual work with first-hand experience. It is of interest to innovation managers, entrepreneurs and academics. For academics, the book will provide a combination of analysis and discussion, and present recent learnings from first-hand interaction with entrepreneurs. For innovation managers and entrepreneurs, it will provide inspiration and better ideas about what responsible innovation can look like in practice, why others have “done it” and what the potential benefits might be. The book will thus serve the purposes of spreading the word about the responsible innovation concept among different audiences whilst making it more accessible to innovation managers and entrepreneurs.
Author: Susanne Durst Publisher: World Scientific ISBN: 9813233605 Category : Technology & Engineering Languages : en Pages : 243
Book Description
The book studies the interplay between open innovation and knowledge management issues in small and medium-sized enterprises (SMEs). With the proliferation of the open innovation paradigm and against the backdrop of increasing external knowledge transfer activities, knowledge management is more important than ever for innovation and firm performance of any type of organization. In fact, knowledge management is no longer a pure intra-organizational activity but constitutes a vital interface function between the organization and its external partners/stakeholders.Throughout the book, readers will obtain both a broad overview of the two main concepts namely open innovation and knowledge management and its interplay. In addition, research will be presented which will help the readers to develop and/or expand their understanding of the phenomenon. This broad approach can also support in broadening the mindset regarding the topic under investigation and its application. Thereby, this book will primarily focus on SMEs and their approach with respect to the interplay in question.In order to achieve the above-mentioned aim, the book consists of ten chapters that are assigned to three parts. Part 1 introduces to the main concepts, namely, SMEs, Open Innovation, Knowledge Management, and the interplay between open innovation and knowledge management in SMEs. This is followed by Part 2, which provides empirical research insights into the phenomenon of interest. The book concludes with Part 3 which addresses promising future avenues regarding the study of open innovation and knowledge management in SMEs. All the chapters are written by leading international researchers in the respective fields, which makes the book a unique piece of work.
Author: Emmanuel Muller Publisher: Springer Science & Business Media ISBN: 3642575684 Category : Business & Economics Languages : en Pages : 205
Book Description
The book investigates the meaning, nature and consequences of innovation interactions between small and medium-sized manufacturing enterprises (SMEs) and knowledge-intensive business services (KIBS). It focuses on the concept of a virtuous circle linking KIBS' and SMEs' innovation capacities in Germany and France. A particular emphasis is given to the question of the role and nature of the knowledge base of the firm in an evolutionary perspective. The integration of the spatial dimension strengthens the examination. For this purpose, a new data analysis methodology has been developed. This methodology consists of a combination of complementary statistical procedures, which provides a tool allowing a reliable examination of the data collected. The samples considered in the analysis constitute a source of rich, complex, and diversified information.
Author: Roy Rothwell
Author: Roy Rothwell
Author: Roy G. Rothwell
Author: Roy Rothwell
Author: Joe Tidd
Author: Wim Vanhaverbeke
Author: Bjørn T. Asheim
Author: Maximilian Boddenberg
Author: Katharina Jarmai
Author: Susanne Durst
Author: Emmanuel Muller