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Small Business - Innovation, Problems & Strategy (Hardcover)
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Small Business - Innovation, Problems & Strategy (Hardcover)
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Innovation is a fundamental determinant of value creation in
business companies and can also become a key to successful economic
growth. The innovative process and innovative effort of companies
are explored and evaluated in this book. Some of the alternative
strategies available to the entrepreneur are also examined, most
notably the proposition that a selective approach to growth
opportunities can be an effective remedy to the familiar "limited
sources of financing" constraint. This book suggests transforming a
model of tax compliance to a model of compliance in organisations.
The model considers the power of authorities and trust in
authorities as the main moderators of compliance. Procedural
fairness and responsive regulation are discussed as ways of
increasing trust in organisations. The start-up of small and medium
enterprises (SMEs) is attracting considerable attention due to
their potential contribution to innovation. Using firm-level,
industry-level, and regional data, this book examines the
determinants of R&D investment by start-up firms in the
manufacturing sector. The common features of the development of
SMEs are also discussed. Business development services (BDSs) have
the potential to provide significant assistance to developing
countries, but the market for BDS products is underdeveloped. Thus,
this book explores the different strategies to build capacity not
to only disseminate transferred know-how, but also to localise
know-how development. Finally, this book reviews some historical,
interspersed with current unpublished, examples of how the
commercialisation gap between science and business can be closed to
the benefit of each. How the scientific/academic community can
derive maximum benefits from collaborating with business is also
discussed.
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