Article: Nature and strategy of product innovations in SMEs: a case study-based comparative perspective of Japan and India.(Case study)(small and medium enterprises)(Case study)

INTRODUCTION

Small & Medium Enterprises (SMEs) across industries have unrealized innovation potential (Chaminade and Van-Lauridsen 2006). According to Harrison and Watson (1998), SMEs are generally more flexible, adapt themselves better and are better located to develop and implement new ideas. The flexibility of SMEs, their simple organizational structure, their low risk and their receptivity to changes are the essential features for enabling them to be innovative both within the organization and in the external market (Ussman et al. 2001). Therefore, they are promoted, among others, as the 'seed bed of innovations' in industrialized countries. Empirical ...

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