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Innovation strategies for SMEs and clusters: the challenges of a globalised Europe

Author

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  • Massimo FLORIO

    ()

  • Emanuele OZZIMO

    ()

Abstract

In this paper we discuss the challenges for the European SMEs facing increased global competition, and how it is possible to design innovative strategies through the new Regional Competitiveness and Employment Objective. First, the paper offers an assessment of the importance of SMEs in the EU context and particularly in the regions concerned by the new objective. Second, the paper will discuss how globalisation poses a serious thread to this development pattern. Third, we briefly explain why further labour market and product liberalisation policies probably have a limited potential. Fourth, there is a wide empirical literature, and a lot of practical experience, on innovation strategies for SMEs and clusters in Europe. The paper will offer a critical assessment of these findings and will suggest how to make the best use of the limited, but critical, resources available under the new Regional Competitiveness Objective.

Suggested Citation

  • Massimo FLORIO & Emanuele OZZIMO, 2006. "Innovation strategies for SMEs and clusters: the challenges of a globalised Europe," Departmental Working Papers 2006-16, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
  • Handle: RePEc:mil:wpdepa:2006-16
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    File URL: http://wp.demm.unimi.it/files/wp/2006/DEMM-2006_016wp.pdf
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    References listed on IDEAS

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    1. Broersma, Lourens & Gautier, Pieter, 1997. "Job Creation and Job Destruction by Small Firms: An Empirical Investigation for the Dutch Manufacturing Sector," Small Business Economics, Springer, vol. 9(3), pages 211-224, June.
    2. Audretsch, David B, et al, 2002. "Impeded Industrial Restructuring: The Growth Penalty," Kyklos, Wiley Blackwell, vol. 55(1), pages 81-97.
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    5. Richard Ericson & Ariel Pakes, 1995. "Markov-Perfect Industry Dynamics: A Framework for Empirical Work," Review of Economic Studies, Oxford University Press, vol. 62(1), pages 53-82.
    6. David B. Audretsch & Roy Thurik, 2001. "Linking Entrepreneurship to Growth," OECD Science, Technology and Industry Working Papers 2001/2, OECD Publishing.
    7. Roy Thurik, 2003. "Entrepreneurship and Unemployment in the UK," Scottish Journal of Political Economy, Scottish Economic Society, vol. 50(3), pages 264-290, August.
    8. Lambson, V.E., 1989. "Industry Evolution With Sunk Costs And Uncertian Market Conditions," Working papers 8904, Wisconsin Madison - Social Systems.
    9. Zoltan Acs & David Audretsch, 1990. "Innovation and Small Firms," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011131, January.
    10. Parto, Saeed & Doloreux, David, 2004. "Regional Innovation Systems: A Critical Synthesis," UNU-INTECH Discussion Paper Series 17, United Nations University - INTECH.
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    More about this item

    Keywords

    EU Structural funds; SMEs; Clusters; Innovation strategies;

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy

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