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Imitation vs. Innovation in the SME Sector

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  • Takács-György, Katalin
  • Toyserkani, Ahmad M.P.

Abstract

It is frequently mentioned that during economic crisis one of the key elements of strengthening SMEs is permanent renewal and capability of innovation. However, only some businesses are able to carry out classical product/service innovation (Schumpeter). We are of the opinion that observing the best practice, adoption and/or adaption – the imitation – should be given a higher function in everyday business life. From the point of view of business development, imitation can be more important than innovation. To find ideas worth imitating it is necessary to react and start to produce rapidly, at the right time and bring to the market the essentials of imitation. The aim of the paper is to give a theoretical overview of the interpretations of innovation and imitation. Sectoral features and regional differences determine the scope of development and renewal for existing enterprises. At the same time the knowledge of entrepreneurs regarding innovation is insufficient, thus a new paradigm is needed.

Suggested Citation

  • Takács-György, Katalin & Toyserkani, Ahmad M.P., 2014. "Imitation vs. Innovation in the SME Sector," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2014(2).
    • Handle: RePEc:ags:paaero:201805
    DOI: 10.22004/ag.econ.201805
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    References listed on IDEAS

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    Cited by:

    1. Judit OLÁH & Tamás HARMAN & József POPP, 2018. "Optimal Distribution Between Box And Pallet Automatic Warehouse Storage," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 17, pages 199-210, September.
    2. Daniel Juravle & Edina Erdei & Gyorgy Kossa & Sándor Kovacs & Jozsef Popp & Judit Olah, 2022. "Examining the Correlations Between Industry 4.0 Assets, External and Internal Risk Factors and Business Performance Among Hungarian Food Companies," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 24(59), pages 143-143.
    3. Judit OLÁH & Mónika HARANGI–RAKOS & József POPP, 2017. "Innovative Development Of Warehouse Technology," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 10, pages 107-116, December.

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