THE ROLE OF INNOVATIONS ON THE SME’S COMPETITIVENESS

Dimoska, Tatjana and Nikolovski, Branko and Gogoski, Risto and Trimcev, Boris (2014) THE ROLE OF INNOVATIONS ON THE SME’S COMPETITIVENESS. ”, Proceedings from International Conference: “SMEs development and innovation: building competitive future of South - Eastern Europe”, Ohrid, Macedonia, 3-4 October 2014. pp. 157-169. ISSN 978-9989-695-56-8

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Abstract

Small and medium-sized enterprises are particularly important for the national economy. In order to maintain or improve their market position in a changing and competitive environment, SMEs must be constantly innovative. Innovation is a key factor for improving SMEs performances, for increasing their competitiveness and for their survival on the market. Innovation is a multifaceted concept and it can be classified according to the object, the field, their relevance and their origin. As a result of innovation, SMEs improve product quality, reduce production costs, increase the range of products, replace outdated products, improve their performances and thus enhance their competitiveness.
This paper treats the complex problematic of the innovation impact to the SMEs performances and their competitiveness, with special review for the territory of the Republic of Macedonia.

Key words: innovation, SMEs performances, competitiveness, Republic of Macedonia

Item Type: Article
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Tourism and Hospitality
Depositing User: Ftu Eprints
Date Deposited: 24 Mar 2020 14:55
Last Modified: 24 Mar 2020 14:55
URI: https://eprints.uklo.edu.mk/id/eprint/4207

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