SME`s Growth and Open Innovation

By • on December 12, 2014

The JYX website noted that the innovation process is changing from closed to open innovation processes which can enable co-innovation and collaboration in enhancement of business performance as well as job creation. However, some SMEs especially the family business still focuse on the closed innovation processes that limit high-end growth. This study argued that open innovation model can enhance the economy and lead to SMEs family business’s growth.

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