Innovation challenges for SMEs: Some key factors to consider

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

Small business seeking to innovate can create valuable social capital and gain access to other key resources through positive relationships with business partners. This likewise helps develop the trust necessary to engage in risk-taking behaviors which can inspire new product development and secure a competitive edge.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Citation

(2021), "Innovation challenges for SMEs: Some key factors to consider", Strategic Direction, Vol. 37 No. 12, pp. 12-14. https://doi.org/10.1108/SD-10-2021-0128