SMEs AND INNOVATION – CASE OF MACEDONIA

Risteska, Aneta and Sotiroski, Kosta and Gveroski, Miroslav and Spaseska, Tatjana and Risteska, Fanka (2016) SMEs AND INNOVATION – CASE OF MACEDONIA. Annals of the „Constantin Brâncuşi” University of Târgu Jiu, Economy Series (5).

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Abstract

Considering the dynamic environment, competitiveness of small and medium enterprises
depends on the speed with which new products can be presented in the market. Innovation
represent specific instrument of entrepreneurship, and in general entrepreneurs are bringing
innovation. Innovation represents activity that impregnates the existing resources with new
capacities for creation of resources. Innovation sometimes may result in brand new, unknown
product or replacement of some existing function for it’s more efficient and successful
performance. SMEs are more innovative than larger firms, due to their flexibility and their ability
to quickly and efficiently integrate inventions created by the firms’ development activities. Hence,
in this paper the main focus will be on SMEs in Macedonia, their innovation and the business
environment, excually the influence of business environment for creating innovation. To prove this
we will test three hypotheses by using the ANNOVA model and in the end of the paper based on
the obtained results we will purpose a measures for improving the business environment in
Macedonia in order to stimulate SMEs innovation.
Keywords: SMEs, innovation, business environment
Clasificare JEL : L26, 031

Item Type:	Article
Subjects:	Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions:	Faculty of Economics
Depositing User:	Mr Dimitar Risteski
Date Deposited:	27 Dec 2019 20:35
Last Modified:	04 Mar 2020 11:27
URI:	https://eprints.uklo.edu.mk/id/eprint/2295

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