SMEs networking-key source of innovation

Janeska, Margarita and Zdraveski, Dejan and Taleska, Suzana (2014) SMEs networking-key source of innovation. In: International conference SMEs development and innovation: Building competitive future of South-Eastern Europe, Prilep, 2014, October 2014, Ohrid.

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Small and medium-sized enterprises (SMEs) are key players in this type of innovation. Poor competitiveness of most domestic companies or their products and services way, but more in the domestic market is one of the biggest problems in the Republic Macedonia. One of the objectives of the Government of the Republic of Macedonia is that SMEs achieve international competitiveness. In a knowledge-based economy competitiveness is becoming more dependent upon the ability to apply new knowledge and technology in products and production processes. This paper is focuses on increasing the contribution of new entrepreneurial ventures and small and medium-sized enterprises (SMEs) to innovation. For complementary knowledge and know-how, they increasingly rely on collaborative arrangements, in addition to market-mediated relations (e.g. purchase of equipment, licensing of technology). Inter-firm collaboration within networks is now by far the most important channel of knowledge sharing and exchange. Interactions are also intensifying between firms and a number of other institutions involved in the innovation process. The paper’s aim is to gain understanding of networking in SME¬s and how networking contributes to the companies’ growth.

Item Type: Conference or Workshop Item (Paper)
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 21 Jun 2016 06:25
Last Modified: 21 Jun 2016 06:25

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