Innovation Strategies and Performance in Small Firms

Innovation Strategies and Performance in Small Firms

John R. Baldwin and Guy Gellatly

John Baldwin and Guy Gellatly find that the strategic decisions young firms make play a critical role in determining their odds for survival and growth. New small firms survive by developing a core set of business skills – skills related inter alia to management, human resources, marketing and financing. Advanced innovation capabilities related to R & D and technology set high-performance firms apart from other businesses. Industry-level differences in product lifecycle, production activity, competitive intensity and the science base all influence the nature of small-firm innovation.

Chapter 13: Lessons

John R. Baldwin and Guy Gellatly

Subjects: business and management, international business, organisational innovation, economics and finance, international business, innovation and technology, organisational innovation


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