Network Business Environment for Open Innovation in SMEs

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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 improved open innovation model for SMEs is developed.

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Edited by:

Prof. Tom Savu, Nicolae Ionescu, Constantin Gheorghe OPRAN, Iulian Tabără, Adrian Bruja and Luige Vladareanu

Pages:

751-756

Citation:

R. Țoniș-Bucea-Manea et al., "Network Business Environment for Open Innovation in SMEs", Applied Mechanics and Materials, Vol. 760, pp. 751-756, 2015

Online since:

May 2015

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$41.00

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