Innovation and Innovation Capacity in Small Firms

What is it about?

Encouraging innovation in small enterprises has been at the heart of policy incentives owing to the important role that small enterprises play in economic development. Despite their important role, innovation in small and micro enterprises has received only scant attention, while the majority of studies have focused on innovation in large and medium-sized enterprises. This paper aims at contributing to filling the above gap by exploring innovation capacity and developed innovations in small manufacturing and service enterprises.

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Why is it important?

The value of the present study lies in the better understanding of innovation development in small enterprises. The rich diversity of innovation patterns in small enterprises suggests that diversity should also direct the policies aiming at supporting innovation development in the context of small business. Finally, applying these results will provide more specific questions for studying the nature of innovation development in small enterprises.