Global Economic and Financial Crisis: A Threat for Innovative SMEs
Tanja Sedej and
Additional contact information
Tanja Sedej: International School for Social and Business Studies, Slovenia
Gorazd Justinek: International School for Social and Business Studies, Slovenia
from International School for Social and Business Studies, Celje, Slovenia
The current crisis is the first of this severity to hit developed countries, since they have shifted to knowledge-based service economies where investment in intangible assets, is of equal importance as investment in machinery, equipment and buildings. SMEs are usually the innovative catalysts of the economy however, as even the big players (states and multinationals) are having trouble tackling with all changes and events - how do small players manage all this confusion? We are all aware of the fact that in many cases governments stepped in the “scene” in order to assist the big players through different measures. They were just “too big” and they could have taken along all others. What about the small players – SMEs in the time of global crisis and their innovative potential? We therefore analysed the impact of the crisis on SMEs and calculated the interconnection (correlation) it had on their innovation potential due to the credit crunch in developed countries.
Keywords: global crisis; innovation; SMEs (search for similar items in EconPapers)
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://www.issbs.si/press/ISBN/978-961-6813-10-5/papers/ML12_037.pdf full text (application/pdf)
http://www.issbs.si/press/ISBN/978-961-6813-10-5/MakeLearn2012.pdf Conference Programme (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:isv:mklp12:87-95
Access Statistics for this chapter
More chapters in Knowledge and Learning: Global Empowerment; Proceedings of the Management, Knowledge and Learning International Conference 2012 from International School for Social and Business Studies, Celje, Slovenia
Bibliographic data for series maintained by Alen Ježovnik ().