SMEs AND INNOVATION – CASE OF MACEDONIA
Considering the dynamic environment, competitiveness of small and medium enterprises depends on the speed with which new products can be presented in the market. Innovation represent specific instrument of entrepreneurship, and in general entrepreneurs are bringing innovation. Innovation represen...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Academica Brâncuşi
2016-10-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
| Subjects: | |
| Online Access: | http://www.utgjiu.ro/revista/ec/pdf/2016-05/21_ANETA%20RISTESKA%20JANKULOSKA,%20KOSTA%20SOTIROSKI,%20MIROSLAV%20GVEROSKI,%20TATJANA%20SPASESKA,.pdf |
| Summary: | Considering the dynamic environment, competitiveness of small and medium enterprises
depends on the speed with which new products can be presented in the market. Innovation
represent specific instrument of entrepreneurship, and in general entrepreneurs are bringing
innovation. Innovation represents activity that impregnates the existing resources with new
capacities for creation of resources. Innovation sometimes may result in brand new, unknown
product or replacement of some existing function for it’s more efficient and successful
performance. SMEs are more innovative than larger firms, due to their flexibility and their ability
to quickly and efficiently integrate inventions created by the firms’ development activities. Hence,
in this paper the main focus will be on SMEs in Macedonia, their innovation and the business
environment, excually the influence of business environment for creating innovation. To prove this
we will test three hypotheses by using the ANNOVA model and in the end of the paper based on
the obtained results we will purpose a measures for improving the business environment in
Macedonia in order to stimulate SMEs innovation. |
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| ISSN: | 1844-7007 1844-7007 |