Network Business Environment for Open Innovation in SMEs

Ţoniş BuceaManea, Rocsana and Catană, Mădălin Gabriel and Tonoiu, Sergiu (2014): Network Business Environment for Open Innovation in SMEs. Published in: Applied Mechanics and Materials , Vol. 760, (2015): pp. 751-756.

Abstract

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. Introduction

• Item Type: MPRA Paper
• Language: English
• Keywords: open innovation, small and medium-sized enterprises (SMEs), network business environment, technological infrastructure, legal framework, model of innovation for SMEs.
• Subjects: M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration > M15 - IT Management

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