Global Innovation: An Answer to Mitigate Barriers to Innovation in Small and Medium-Sized Enterprises

International Journal of Innovation and Technology Management, Vol. 7, No. 3, pp. 215-227, 2010

Posted: 31 Oct 2010

See all articles by Stephan Buse

Stephan Buse

affiliation not provided to SSRN

Rajnish Tiwari

Hamburg University of Technology (TUHH)

Cornelius Herstatt

Technical University Hamburg-Harburg (TUHH)

Date Written: September 1, 2010

Abstract

Innovations have acquired a key role in the growth and competition strategies of firms today. They are regarded as an essential tool for stimulating growth and enabling firms to master the competition brought about by the forces of globalization. However, in particular, many small and medium-sized enterprises (SMEs) in Western countries are facing seemingly insurmountable barriers to innovation. To what extent might the concept of global innovation and, more specifically, the internationalization of research and development (R&D) be an answer to deal with these problems, is discussed in this paper. Based on empirical studies conducted by the authors in Germany, the paper presents results from research-in-progress and proposes a reference model for chances and challenges of global innovation activities.

Keywords: SMEs, Global Innovation, Internationalization of R&D

Suggested Citation

Buse, Stephan and Tiwari, Rajnish and Herstatt, Cornelius, Global Innovation: An Answer to Mitigate Barriers to Innovation in Small and Medium-Sized Enterprises (September 1, 2010). International Journal of Innovation and Technology Management, Vol. 7, No. 3, pp. 215-227, 2010. Available at SSRN: https://ssrn.com/abstract=1700226

Stephan Buse

affiliation not provided to SSRN ( email )

Rajnish Tiwari (Contact Author)

Hamburg University of Technology (TUHH) ( email )

Hamburg, D-21071
Germany

HOME PAGE: http://www.global-innovation.net

Cornelius Herstatt

Technical University Hamburg-Harburg (TUHH) ( email )

Hamburg, D-21071
Germany

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