INNOVATION MODEL FOR SMES USING GUIDED PRACTICE, MODELO DE INNOVACION PARA LAS PYMES A PARTIR DE LA PRACTICA GUIADA

Maria Elvira Lopez Parra, Nora Edith Gonzalez Navarro and Maria del Carmen Vasquez Torres

Revista Global de Negocios, 2016, vol. 4, issue 6, 27-39

Abstract: Innovation should be a priority for a government that wants an economic development mechanism. Small and medium businesses require innovative models that enable them to modernize and offer products and services according to changing consumer markets. In this study, the different models of innovation management are discussed and what researchers have concluded as to which organization will be capable of adopting them. This research aims to show a model of innovation, including the monitoring (guided practice) that allows small and medium businesses to increase their responsiveness to the changing environment and to develop culture innovation within organizations. We conducted an extensive review of the existing literature about innovation, model for innovation and learning methods. As a result, a model of innovation for SMEs that includes, among others, the element guided practice (monitoring) was designed. The model is a dynamic spiral steadily protruding guide track and applied to each of the elements. It is concluded that the areas of innovation model are the same as those proposed for decades. However, how a model is implemented varies and support networks are vital to a successful model of innovation

Keywords: Innovation; Innovation Models; Management (search for similar items in EconPapers)
JEL-codes: M00 M10 (search for similar items in EconPapers)
Date: 2016
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