Gveroski, Miroslav and Risteska, Aneta and Dimeski, Stevco and Risteska, Fanka and Spaseska, Tatjana (2016) The importance of SMEs innovation for improving the competitiveness of the Republic of Macedonia. International May Conference on Strategic Management - IMKSM2016.
Full text not available from this repository.Abstract
Nowadays a lot of scientific researches show that SMEs have a huge contribution
for employment, utilization of entrepreneurial abilities, rational use of national and local
resources, the creation of added value and the inclusion of the national economy in world
trade through their internationalization. That means that they are key drivers of economic
growth in the contemporary economies. Their importance is due to their characteristics such
as flexibility and rapid production reorientation, entrepreneurial orientation, and especially
their creativity and innovation. They represent the most favorable soil where they came to the
fore entrepreneurial spirit and innovation processes. From the independence of Republic of
Macedonia continuously is increasing participation and importance of small and medium
enterprises, not only by their percentage in the total number of enterprises, but also their
contribution to the creation of gross domestic product and job creation. Today these
enterprises are the most dynamic and efficient segment of the economic structure of the
country. With that SMEs are becoming the most important factor for creating competitive
economy. From the level of their competitiveness will depend on their future development
and their participation in economic development. First they build their competitiveness in the
domestic market and then they are expanding their activities in international markets. The
competitive advantage of any modern enterprise is based on SMEs ability for innovations in
products or production processes. Only through innovation these companies will increase
their and competitive advantage of the national economy. Therefore the main task of SMEs is
the introduction of innovation in all fields of their activities for adaption to the market needs.
Considering all this the main aim of the paper will be through analyzing the importance of
small and medium enterprises for the development of the country to realize their
competitiveness and contribution for promoting the national economy competitiveness and
also to show the necessity of innovation for increasing the competitiveness and economic
growth.
| 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 20:36 |
| Last Modified: | 05 Mar 2020 09:42 |
| URI: | https://eprints.uklo.edu.mk/id/eprint/2298 |
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