The growth of productivity has slowed over the last two decades, and the diffusion of innovation is no longer happening as it used to in the past. Innovation is vital for small and middle-size enterprises (SMEs) to compete against larger incumbents, but it is restricted by difficulties in obtaining the requisite financial and human resources. Ability to measure innovation is thereby of particular essence to SMEs to justify the investments of scarce resources. In this paper, we put forward an SME Innovation System that is intended to provide a pertinent scaffolding for innovation projects and their measurement. The framework will be applied in case studies in SMEs and adjusted based on the findings. It may also have a positive impact on productivity at the macroeconomic level.
|Number of pages||9|
|Publication status||Published - 13 Dec 2017|
|MoE publication type||Not Eligible|
|Event||ISPIM Innovation Summit: Building the Innovation Century - Melbourne, Australia|
Duration: 10 Dec 2017 → 13 Dec 2017
|Conference||ISPIM Innovation Summit|
|Period||10/12/2017 → 13/12/2017|