Hofman, Peter S., Newman, Alexander, and Zeng, Ziliang (2014) Determinants of product innovation in Chinese private small and medium-sized enterprises. In: Shao, Ken, and Feng, Xiaoqing, (eds.) Innovation and Intellectual Property in China: strategies, contexts and challenges. Edward Elgar, Cheltenham, UK, pp. 160-185.

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Abstract

n the increasingly competitive and fast-moving global market small and medium-sized enterprises (SMEs) have been an important engine behind economic growth, job creation and technological progress.1 In particular they have made a significant contribution to the economic development in transition economies which have witnessed the movement from centrally planned to free-market economies in which the private sector dominates. In China private SMEs play a crucial role in the transition towards a more market-oriented economy and are the main source of new jobs and productivity improvements.2 Much of the initial success of Chinese SMEs has been attributed to their ability to engage in low-cost production of relatively mature products.3 Continuation of their success, however, will depend more and more on their ability to engage in new product innovation.4 This has important implications regarding their performance, growth potential and long-term survival, given that without the development of new products it is difficult for SMEs to gain a competitive advantage over rival firms.

Item ID:	76030
Item Type:	Book Chapter (Research - B1)
ISBN:	9781781001608
Copyright Information:	© The Editors and Contributors Severally 2014
Date Deposited:	18 Jul 2024 00:39
FoR Codes:	35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3507 Strategy, management and organisational behaviour > 350705 Innovation management @ 40% 35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3507 Strategy, management and organisational behaviour > 350701 Corporate governance @ 30% 35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3507 Strategy, management and organisational behaviour > 350716 Small business organisation and management @ 30%
SEO Codes:	15 ECONOMIC FRAMEWORK > 1503 Management and productivity > 150306 Technological and organisational innovation @ 50% 15 ECONOMIC FRAMEWORK > 1503 Management and productivity > 150302 Management @ 50%
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