Building Technological Innovation Capability in the High Tech SMEs: Technology Scanning Perspective

Dilip Pednekar
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Dilip Pednekar: Birla Institute of Technology & Science, India

from University of Primorska, Faculty of Management Koper

Abstract: Small and Medium Enterprises (SMEs) are the main contributors to the international economy and commerce. SMEs contribute significantly to wealth creation in industrial economies and are a major driver of innovation and plays a significant role in global markets by employing around two-thirds of the world’s workforce. SMEs have limited resources and therefore their existence depends on how they overcome technology limitations and upgrade themselves with the latest technology. For whatever reasons, undertaking adequate technology surveillance and monitoring always poses challenges to SMEs. This paper focuses on the manufacturing SMEs operating in high-tech. This paper aims to explore ability of high tech SMEs to undertake adequate technology surveillance through technology scanning perspective. The technology change is rapid and the environment is dynamic, and on the other hand there is an ever increasing amount of information available owing to advances in information technology in general. The paper reveals through literature review, Technology scanning as a process and explores past research, linking scanning and technology innovation performance. This paper draws findings from doctoral study of the author of this paper. The paper attempts to add the new perspective of scanning in a highly turbulent environment, and discusses its contribution to high tech firms in enhancing their technological innovation abilities and competence.

Keywords: High Tech SME; Technology intelligence; competence; scanning; innovation (search for similar items in EconPapers)
Date: 2015
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