SMEs and virtual R&D teams: a motive channel for relationship between SMEs

In today?s dynamic marketplace, manufacturing companies are under strong pressure to introduce new products for long-term survival with their competitors. Nevertheless, every company cannot cope up progressively or immediately with the market requirements due to knowledge dynamics being experienced in the competitive milieu. Increased competition and reduced product life cycles put force upon companies to develop new products faster. In response to these pressing needs, there should be some new approach compatible in flexible circumstances. This paper presents a solution based on the popular Stage-Gate system, which is closely linked with virtual team approach. Virtual teams can provide a platform to advance the knowledge-base in a company and thus to reduce time-to-market. This article introduces conceptual product development architecture under a virtual team umbrella. The paper describes all the major aspects of new product development (NPD), NPD process and its relationship with virtual teams, Stage-Gate system finally presents a modified Stage-Gate system to cope up with the changing needs. It also provides the guidelines for the successful implementation of virtual teams in new product development

Innovation Policies for Small and Medium Size Enterprises in Asia: An Innovation Systems Perspective

The point of departure for this chapter is that in developing countries SMEs2 are responsible for the largest part of employment and a significant share of added value. And that innovation policy supporting the particularities of SMEs has been widely ignored (occasionally SMEs have even been discriminated). This chapter aims at shedding soe light on the immensely complicated issue of innovation policy for SMEs in developing countries, or more specifically Asian SMEs. The chapter applies the so-called regional innovation systems approach. In this paper, we analyze four clusters of SMEs that have been especially successful in entering the global market; special attention is paid to the so-called soft infrastructure, the industry specific needs for cluster (e.g. interaction) and RIS dynamics/polices (e.g. needs for devolution; industry specific needs for building knowledge creating institutions).The chapter is structured as follows. After introducing stylized facts on SMEs innovative performance attention is turned to the theoretical framework. Taking into account the localized nature of SMEs economic activity, our level of analysis is the regional system of innovation (RIS). We provide a general introduction, contextualize this to Asian situation, and introduce the industry differences (inspired by Pietrobelli and Rabelotti’s typology). Then we turn to the empirical section where special attention is paid to the four cases. Finally, we turn to drawing general conclusions on innovation policies and need for restructuring of Asian innovation systems (the accent is on the former).Innovation Policy; Developing countries; Innovation systems

SMEs; Virtual research and development (R&D) teams and new product development: A literature review

Small and medium-sized enterprises (SMEs) are indeed the engines of global economic growth. Their continued growth is a major subject for the economy and employment of any country. Towards that end, virtual research and development (R&D) could be a viable option to sustain and ease the operations of SMEs. However, literature shows there has not been a great deal of research into the diverse characteristic of virtual R&D teams in SMEs. This article provides a comprehensive literature review on different aspects of virtual R&D teams collected from the reputed publications. The purpose of the literature review is to provide an outline on the structure and dynamics of R&D collaboration in SMEs. Specifying the rationale and relevance of virtual teams, the relationship between virtual R&D team for SMEs and new product development (NPD) has been examined. It concludes with identifying the gaps and feebleness in the existing literature and calls for future research in this area. It is argued to form of virtual R&D team deserves consideration at top level management for venturing into the new product development within SMEs

Enhancing the Outcomes in R&D Collaborative Projects: an empirical analysis of the Middle Ebro Valley in Spain

The collaboration for developing research and development (R&D) projects highlights the importance to access new external knowledge. Drawing from a mixed-methods approach in a sample of projects carried out by Spanish firms, our key findings show that every project’s dimension of absorptive capacity is related to collaborative performance in different ways. Organisations with capability difficulties to transform external knowledge enhanced their R&D projects’ outcomes by collaborating more intensively. However, it is the ability to exploit that external knowledge into innovation which could be the key to obtain outcomes and support to R&D programs. The regional particularities have showed new ways to collaborate due to the innovation culture in the Middle Ebro Valley

Virtual R&D teams in small and medium enterprises: a literature review

Small and medium enterprises (SMEs) are the driving engine behind economic growth. While SMEs play a critical role in generating employment and supporting trade, they face numerous challenges, the prominent among them are the need to respond to fasting time-to-market, low-cost and rapid solutions to complex organizational problems. Towards that end, research and development (R & D) aspect deserves particular attention to promote and facilitate the operations of SMEs. Virtual R & D team could be a viable option. However, literature shows that virtual R & D teaming in SMEs is still at its infancy. This article provides a comprehensive literature review on different aspects of virtual R & D teams collected from the reputed publications. The purpose of the state-of-the-art literature review is to provide an overview on the structure and dynamics of R & D collaboration in SMEs. Specifying the foundation and importance of virtual teams, the relationship between virtual R & D team and SMEs has been examined. It concludes with the identification of the gaps in the existing literature's and calls for future research. It is argued that setting-up an infrastructure for virtual R & D team in SMEs still requires a large amount of engineering efforts and deserves consideration at top level management

Networking innovation in the European car industry: does the open innovation model fit?

The demands of transportation have driven the automobile industry into an innovation race. Uncertain technological trends, long development cycles, highly capital-intensive product development, saturated markets, and environmental and safety regulations have subjected the sector to major transformations. The technological and organisational innovations related to these transformations necessitate research that can enhance our understanding of the characteristics of the new systems. The study investigates the applicability of the Open Innovation concept to a mature capital-intensive asset-based industry - the European automobile industry, which is preparing for a radical technological discontinuity. Purposely selected knowledgeable respondents were interviewed across seven European countries. The findings contribute to the understanding of the OI concept by identifying key obstacles to the wider adoption of the OI model in the European car industry, and signalling the importance of intermediaries and large incumbents for driving network development and OI practices as well as the need of new competencies to be developed by all players

Networking innovation in the European car industry: does the open innovation model fit?

The demands of transportation have driven the automobile industry into an innovation race. Uncertain technological trends, long development cycles, highly capital-intensive product development, saturated markets, and environmental and safety regulations have subjected the sector to major transformations. The technological and organisational innovations related to these transformations necessitate research that can enhance our understanding of the characteristics of the new systems. The study investigates the applicability of the Open Innovation concept to a mature capital-intensive asset-based industry - the European automobile industry, which is preparing for a radical technological discontinuity. Purposely selected knowledgeable respondents were interviewed across seven European countries. The findings contribute to the understanding of the OI concept by identifying key obstacles to the wider adoption of the OI model in the European car industry, and signalling the importance of intermediaries and large incumbents for driving network development and OI practices as well as the need of new competencies to be developed by all players

New financial dimensions of the smes’ internationalization

Globalization has brought a shift to the economic environment of the European SME. The progressively disappearing barriers and borders are exposing all companies both to new markets and to international competition. Consequently SMEs that do not consider internationalisation are self imposing a severe restriction on their potential for long term survival. Internationalisation is not to be considered as a separate part of the company or a strategy to be enacted only in times of reduced local demand, but fully integrated into the SME’s long term activity, been proven as a key engines for competitiveness and growth.SMEs, internationalization, drivers, limits, financing, strategy