Network Business Environment for Open Innovation in SMEs

Rocsana Ţoniş BuceaManea, Mădălin Gabriel Catană and Sergiu Tonoiu

MPRA Paper from University Library of Munich, Germany

Abstract: The SMEs represent an important factor of growth in both developed and developing countries, into which, however, they face different obstacles in the process of innovation. This paper analyses how open communication and collaboration can help SMEs in their struggle for sustainable innovation and profitable market competition. Based on a literature review, a number of obstacles that SMEs have to overcome in their current activity and possible support to be competitive are revealed. The main benefits and particularities of implementing open innovation in SMEs are presented. The necessity of a supportive business environment for SMEs is demonstrated. An outline of an improved model for SMEs is presented. Introduction

Keywords: open innovation; small and medium-sized enterprises (SMEs); network business environment; technological infrastructure; legal framework; model of innovation for SMEs. (search for similar items in EconPapers)
JEL-codes: M15 (search for similar items in EconPapers)
Date: 2014, Revised 2014
New Economics Papers: this item is included in nep-com, nep-cse, nep-ent, nep-ino, nep-knm and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:67060

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