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Aspects of Innovation and Leadership in Small and Medium Enterprises

Author

Listed:
  • Daniel RUSU

    (Bucharest University of Economic Studies)

  • Doriana SANDU

    (Bucharest University of Economic Studies)

  • Maria FRANGIEH

    (Bucharest University of Economic Studies)

Abstract

Innovation is the characteristic function of the company's resources. A technologically efficient collaboration, with support from other partners, significantly develops and improves technological capabilities as well as product innovation performance. Both from a local and regional perspective, in knowledge-based economies, innovation is defined as a particularly important pillar. Logically, innovation is not feasible without a well-informed leader: If the latter is not anticipating new ideas and new implementation techniques to face the rapidly changing environment, subordinates will not certainly be. This raises the importance of leadership in the innovation process in SMEs. To ensure their competitiveness globally, SMEs must enjoy effective leadership which is unanimously regarded as a transformational one. Consequently, it is this type exactly that will be considered throughout this article. This paper uses secondary data sources to address the topic and its impact. It ends up by focusing on the importance of leadership in creating and communicating a clear vision toward adopting innovation as an important survival strategy in the long run.

Suggested Citation

  • Daniel RUSU & Doriana SANDU & Maria FRANGIEH, 2020. "Aspects of Innovation and Leadership in Small and Medium Enterprises," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 21(5), pages 659-673, December.
    • Handle: RePEc:rom:rmcimn:v:21:y:2020:i:5:p:659-673
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    References listed on IDEAS

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    More about this item

    Keywords

    Technological Innovation; SMEs; Technological Capacity; Collaboration; Transformational Leadership.;
    All these keywords.

    JEL classification:

    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management

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