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Global Innovation: An Answer To Mitigate Barriers To Innovation In Small And Medium-Sized Enterprises?

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Author Info

  • STEPHAN BUSE

    (Institute of Technology and Innovation Management, Hamburg University of Technology, Hamburg, Germany)

  • RAJNISH TIWARI

    (Institute of Technology and Innovation Management, Hamburg University of Technology, Hamburg, Germany)

  • CORNELIUS HERSTATT

    (Institute of Technology and Innovation Management, Hamburg University of Technology, Hamburg, Germany)

Abstract

Innovations have acquired a key role in the growth and competition strategies of firms today. They are regarded as an essential tool for stimulating growth and enabling firms to master the competition brought about by the forces of globalization. However, in particular, many small and medium-sized enterprises (SMEs) in Western countries are facing insurmaintable barriers to innovation. To what extent might the concept of global innovation and, more specifically, the internationalization of research and development (R&D) be an answer to deal with these problems, is discussed in this paper. Based on empirical studies conducted by the authors in Germany, the paper presents results from research-in-progress and proposes a reference model for chances and challenges of global innovation activities.

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Bibliographic Info

Article provided by World Scientific Publishing Co. Pte. Ltd. in its journal International Journal of Innovation and Technology Management.

Volume (Year): 07 (2010)
Issue (Month): 03 ()
Pages: 215-227

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Handle: RePEc:wsi:ijitmx:v:07:y:2010:i:03:p:215-227

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Related research

Keywords: SMEs; global innovation; internationalization of R&D;

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Cited by:
  1. Tiwari, Rajnish & Herstatt, Cornelius, 2013. "Innovieren für preisbewusste Kunden: Analogieeinsatz als Erfolgsfaktor in Schwellenländern," Working Papers 75, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.
  2. Tiwari, Rajnish & Herstatt, Cornelius, 2011. "Role of "Lead Market" factors in globalization of innovation: Emerging evidence from India & its implications," Working Papers 64, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.
  3. Tiwari, Rajnish & Herstatt, Cornelius, 2012. "Open global innovation networks as enablers of frugal innovation: propositions based on evidence from India," Working Papers 72, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.
  4. Tiwari, Rajnish & Herstatt, Cornelius, 2011. "Lead market factors for global innovation: Emerging evidence from India," Working Papers 61, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.
  5. Tiwari, Rajnish & Herstatt, Cornelius, 2012. "Frugal innovations for the 'unserved' customer: An assessment of India's attractiveness as a lead Market for cost-effective products," Working Papers 69, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.
  6. Tiwari, Rajnish & Herstatt, Cornelius, 2012. "India - a lead market for frugal innovations? Extending the lead market theory to emerging economies," Working Papers 67, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.

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