Chapter 2 of book: Small Firms as Innovators: From Innovation to Sustainable Growth

What is it about?

This chapter provides a comprehensive picture of innovation patterns in small firms. It starts by presenting the typical innovation activities in small firms and the innovative outcomes created by them. Thereafter, the chapter explores how the innovation activities diversify in small firms. Based on the diversity of these activities, four innovation performer profiles are identified. This will be followed by monitoring how a firm shifts from a low innovation performer towards a high performer. Finally, the firm-related and business environment-related characteristics of four innovation performer profiles are presented.

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Why is it important?

This chapter deepens the understanding of innovation in small firms by creating an elaborate view of their innovation activities. It also illustrates what kinds of innovators small firms are.

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