Economics
- ISSN: 2155-7950
- Journal of Business and Economics
How to Implement Innovation and R&D in SMEs
Yukari Mizuno
(Bunri University of Hospitality, Sayama City, Saitama Prefecture, 350-1336, Japan)
Abstract: This paper considers innovation and R&D in SMEs. Even those with understanding of the important role innovation plays in sustainable development are hampered by scarce financial resources and the uncertainty of immediate returns especially in case of SMEs. To solve this dilemma, we focus on two approaches by SMEs. There are the pursuit of competitive funds for promoting innovation, and Collaboration and complementarity among SMEs in case of Kyoto Shisaku Net which is joint-order system in Kyoto Japan. From the former survey, we found that problems of the shortage of financial resources and maintaining sufficient resource mobilization for innovation cannot be fully accomplished with government aid. The latter survey, we found that the key functional areas of the joint-order system of Kyoto Shisaku Net.
Key words: SMEs; innovation; R&D; legitimizing resource mobilization
JEL code: M1