Aspects of Innovation and Leadership in Small and Medium Enterprises

Innovation is the characteristic function of the company's resources. A technologically efficient collaboration, with support from other partners, significantly develops and improves technological capabilities as well as product innovation performance. Both from a local and regional perspective...

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Bibliographic Details
Published inRevista de Management Comparat International Vol. 21; no. 5; pp. 659 - 673
Main Authors Rusu, Daniel, Sandu, Doriana, Frangieh, Maria
Format Journal Article
LanguageEnglish
Published Bucharest EDITURA ASE 01.12.2020
ASE Publishing House
Revista de Management Comparat International
Editura ASE
Subjects
Business Economy / Management
Business etiquette
Collaboration
Competitive advantage
innovation
Innovations
Knowledge
Leadership
Market positioning
Product development
Small & medium sized enterprises-SME
smes
Strategic planning
technological capacity
technological collaboration
transformational leadership
Technological Capacity
Innovation
Technological Collaboration
Transformational Leadership
SMEs
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Summary:Innovation is the characteristic function of the company's resources. A technologically efficient collaboration, with support from other partners, significantly develops and improves technological capabilities as well as product innovation performance. Both from a local and regional perspective, in knowledge-based economies, innovation is defined as a particularly important pillar. Logically, innovation is not feasible without a well-informed leader: If the latter is not anticipating new ideas and new implementation techniques to face the rapidly changing environment, subordinates will not certainly be. This raises the importance of leadership in the innovation process in SMEs. To ensure their competitiveness globally, SMEs must enjoy effective leadership which is unanimously regarded as a transformational one. Consequently, it is this type exactly that will be considered throughout this article. This paper uses secondary data sources to address the topic and its impact. It ends up by focusing on the importance of leadership in creating and communicating a clear vision toward adopting innovation as an important survival strategy in the long run.
ISSN:1582-3458
2601-0968
DOI:10.24818/RMCI.2020.5.659