Global Economic and Financial Crisis: A Threat for Innovative SMEs
The current crisis is the first of this severity to hit developed countries, since they have shifted to knowledge-based service economies where investment in intangible assets, is of equal importance as investment in machinery, equipment and buildings. SMEs are usually the innovative catalysts of the economy however, as even the big players (states and multinationals) are having trouble tackling with all changes and events - how do small players manage all this confusion? We are all aware of the fact that in many cases governments stepped in the “scene” in order to assist the big players through different measures. They were just “too big” and they could have taken along all others. What about the small players – SMEs in the time of global crisis and their innovative potential? We therefore analysed the impact of the crisis on SMEs and calculated the interconnection (correlation) it had on their innovation potential due to the credit crunch in developed countries.
|This chapter was published in: Tanja Sedej & Gorazd Justinek , , pages 87-95, 2012.|
|This item is provided by International School for Social and Business Studies, Celje, Slovenia in its series Knowledge and Learning: Global Empowerment; Proceedings of the Management, Knowledge and Learning International Conference 2012 with number 87-95.|
|Contact details of provider:|| Web page: http://www.issbs.si|
When requesting a correction, please mention this item's handle: RePEc:isv:mklp12:87-95. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Goran Dakovic)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.