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This volume considers innovation and small business with particular reference to the innovation process.
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About the book
This volume considers innovation and small business with particular reference to the innovation process. Here an approach appropriate to small businesses is taken by considering the distinction between invention and innovation as well as research and development in the context of small firms. In addition, technology diffusion, clusters and knowledge flows, higher education spin-offs, global start-ups and innovation performance indicators are also considered with particular reference to the small business sector.
2. Invention, Innovation and Small Business
3. Research and Development and the Small Firm
4. Technology Diffusion
5. Clusters and Knowledge Flows
6. Higher Education Spin-offs
7. Global Start-ups and business development
8. Innovation Performance Indicators
Chapter 1: Introduction
Chapter 2: Invention, Innovation and Small Business
Chapter 3: Research and Development and the Small Firm
Chapter 4: Technology Diffusion
Chapter 5: Clusters and Knowledge Flows
Chapter 6: Higher Education Spin-offs
Chapter 7: Global Start-ups and business development
Chapter 8: Innovation Performance Indicators
Chapter 9: Conclusions
About the Contributors
In modern technological society small businesses are expected to have an innovative role in the emerging knowledge economy, especially at an international level (EC, 2005; BERR, 2008). In fact the effective use of technological innovation is considered to be a prerequisite for small business survival (Packham, 2002; Packham et al, 2005). It has long been recognised that the small business sector is important for economic growth and it has been noted that there is a need for an international focus on small businesses having access to international markets (OECD, 2005). Within this context it has been acknowledged that small business development programmes and assistance should enable them to take advantage of innovative global technologies (OECD, 2005). Although significant opportunities are presented to small businesses through the adoption of new technologies there needs to be awareness to the barriers of implementation and this has led researchers to focus on adoption factors (Parasuraman, 2000). Indeed, there has been little success linking the determinants of adoption in small businesses with expected outcomes such as innovation, apart from specialised research and development (R&D) intense sectors (Thomas and Simmons, 2010).
Small businesses with an above average absorptive capacity tend to exhibit experience, knowledge, a skills base, knowledge creation and sharing processes (Cohen and Levinthal, 1990; Zahra and George, 2002; Gray, 2006). Their effective use of networking and an optimal use of technological innovation are the focus of this first volume. It is therefore hoped that this volume will provide a greater understanding of these innovation processes for small businesses.
About the Author
Brychan Thomas is a Senior Research Fellow in Small Business and Innovation at the University of Glamorgan Business School. His main research interests lie in innovation and small business, SMEs and technology transfer networks, technology transfer and internet adoption in the agri-food industry, higher education spinout enterprises, and science communication and education. As such he has been involved in a number of projects examining technology transfer and small firms in Wales. He has a science degree and an MSc in the Social Aspects of Science and Technology from the Technology Policy Unit at Aston University and a PhD in Science and Technology Policy, CNAA/University of Glamorgan. He has produced over 290 publications in the area of science communication, innovation and small business policy, including the books “Triple Entrepreneurial Connection” and “E-Commerce Adoption and Small Business in the Global Marketplace: Tools for Optimization”, and is on the Editorial Advisory and Review Board of the International Journal of E-Business Management, the Editorial Review Board of the International Journal of E-Entrepreneurship and Innovation and the Editorial Advisory Board of IMJ – International Management Journals. During the academic year 2008/2009 he was on secondment as a Fellow of the Advanced Institute of Management at the Centre for Technology Management, University of Cambridge.
Christopher Miller is a Principal Lecturer in Small Business Management at the University of Glamorgan Business School. He is also scheme leader for the MSc International Business and Enterprise at the Glamorgan Business School. Dr. Miller’s areas of expertise include Small Business Management, Innovation Generation, Business Planning, Business Growth and Enterprise Education. He has more than 30 research papers published in international refereed journals and some 30 published conference proceedings papers. He is a Fellow of the Higher Education Academy and a member of the Institute for Small Business and Entrepreneurship.
Lyndon Murphy originates from Ystrad, in the Rhondda Valley, South Wales. He was educated at Tonypandy Grammar School and the University College of Wales Aberystwyth. He is currently an Academic Leader at Newport Business School. In collaboration with Jo Jones and Huw Swayne, Lyndon has published several journal articles and conference papers in ebusiness. Further, he has worked with the Welsh Assembly Government to develop case studies exploring the impact of broadband accessibility on Welsh business performance. Lyndon’s current research interests focus upon innovation policy in Wales. This research evaluates both business and social innovation policy outcomes.
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