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Small and Medium-sized Enterprises (SMEs)

In: Open Innovation and Knowledge Management in Small and Medium Enterprises

Author

Listed:
  • Thomas Henschel
  • Ilka Heinze

Abstract

In this chapter, we will introduce small and medium-sized enterprises (SMEs) by defining and discussing characteristics of SMEs in qualitative and quantitative terms. In doing so, this chapter takes an international perspective to account for regional and international differences. As SMEs are often owner-managed, individual attitudes to management and decision-making play an important role in management and governance issues. Therefore, major research findings that contribute to a better understanding of the complex dependencies of SMEs from their owners are presented. Finally, we will address recent challenges and discuss how SMEs can address them to identify and exploit business opportunities.

Suggested Citation

  • Thomas Henschel & Ilka Heinze, 2018. "Small and Medium-sized Enterprises (SMEs)," World Scientific Book Chapters, in: Susanne Durst & Serdal Temel & Helio Aisenberg Ferenhof (ed.), Open Innovation and Knowledge Management in Small and Medium Enterprises, chapter 2, pages 7-34, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813233591_0002
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    More about this item

    Keywords

    Open Innovation; Knowledge Management; Innovation Management; Small and Medium-Sized Enterprises; SMEs; Small Firms;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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