Innovation-Driven Small Enterprises: Global Research and Strategic Economic Insights

Anup Prajwal Veigas and Dr. Vinod Krishna
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Anup Prajwal Veigas: Dayananda Sagar College of Engineering, Bangalore
Dr. Vinod Krishna: Dayananda Sagar College of Engineering, Bangalore

International Journal of Research and Innovation in Applied Science, 2025, vol. 10, issue 7, 1474-1490

Abstract: Small businesses represent the foundational bedrock of global economic systems, spanning from informal microenterprises to dynamic and growth-oriented small and medium-sized enterprises (SMEs). They are critical engines of job creation, innovation, regional development, and social inclusion, accounting for the majority of business establishments and a substantial proportion of employment worldwide. Despite their ubiquity and importance, small businesses have historically occupied a peripheral position in academic research and policy discourse, which have often favoured the scale, visibility, and measurable impact of large multinational corporations.

Date: 2025
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