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Innovation in Small and Medium-Sized Industrial Firms — a German Perspective

Karl A. Stroetmann and Roy Rothwell

Chapter 11 in Industrial Innovation, 1979, pp 205-227 from Palgrave Macmillan

Abstract: Abstract In recent years most industrialised countries have been experiencing economic recessions, high unemployments rates, and changes in international trade flows to a degree unaccustomed since the Second World War. At the same time, new social demands have arisen to further strain available resources and require new solutions to satisfy them. In the past, innovations have been a major factor shaping economic growth. Innovations, particularly technical innovations, are also widely regarded as a major means for overcoming present problems and for regaining economic growth rates sufficient to satisfy ever-increasing private wants and social needs.1 When discussing technical innovations, this terms should be understood to include the processes from conception or generation of an idea to its wide-scale utilisation by society, including activities involved in the creation, research, development, and diffusion of new and improved products, processes, and services for private and public use.2

Keywords: Small Business; Small Firm; Large Firm; Innovation Process; Technical Change (search for similar items in EconPapers)
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-03822-0_11

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DOI: 10.1007/978-1-349-03822-0_11

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