2 research outputs found
Network Business Environment for Open Innovation in SMEs
The SMEs represent an important factor of growth in both developed and developing
countries, into which, however, they face different obstacles in the process of innovation. This paper
analyses how open communication and collaboration can help SMEs in their struggle for
sustainable innovation and profitable market competition. Based on a literature review, a number of
obstacles that SMEs have to overcome in their current activity and possible support to be competitive
are revealed. The main benefits and particularities of implementing open innovation in SMEs are
presented. The necessity of a supportive business environment for SMEs is demonstrated. An outline
of an improved model for SMEs is presented.
Introductio
Network Business Environment for Open Innovation in SMEs
The SMEs represent an important factor of growth in both developed and developing
countries, into which, however, they face different obstacles in the process of innovation. This paper
analyses how open communication and collaboration can help SMEs in their struggle for
sustainable innovation and profitable market competition. Based on a literature review, a number of
obstacles that SMEs have to overcome in their current activity and possible support to be competitive
are revealed. The main benefits and particularities of implementing open innovation in SMEs are
presented. The necessity of a supportive business environment for SMEs is demonstrated. An outline
of an improved model for SMEs is presented.
Introductio