Innovation Challenges and Opportunities in European Rural SMEs

Adoption of innovation plays a crucial role in the transformation of the countryside towards a knowledge economy. However, rural SMEs experience various obstacles that hinder the adoption of innovation. The aim of this paper is to identify the main challenges and opportunities for the introduction o...

Full description

Saved in:
Bibliographic Details
Published inViešoji politika ir administravimas Vol. 18; no. 1; pp. 152 - 166
Main Authors Uvarova, Inga, Vitola, Alise
Format Journal Article
LanguageEnglish
Published Vilnius Mykolas Romeris University 2019
Subjects
Business Economy / Management
business model
competitiveness
innovation
Innovations
Public Administration
Rural and urban sociology
Rural areas
rural policy
Small & medium sized enterprises-SME
SMEs
Czech Republic
Latvia
Hungary
Europe
Italy
Slovenia
Bulgaria
innovation
competitiveness
business model
SMEs
rural policy
Online AccessGet full text

Cover

More Information
Summary:Adoption of innovation plays a crucial role in the transformation of the countryside towards a knowledge economy. However, rural SMEs experience various obstacles that hinder the adoption of innovation. The aim of this paper is to identify the main challenges and opportunities for the introduction of innovation in rural SMEs. The evidence is drawn from relevant literature and stakeholder discussions covering six European countries (Bulgaria Czech Republic, Hungary, Italy, Latvia and Slovenia). The main challenges in adopting innovation in rural SMEs are shortcomings in the environment for innovation, inappropriate innovation policies and support measures, lack of knowledge and skills within companies, difficulties to hire a new skilled work force and low competitiveness compared to urban counterparts. Consequently, policy recommendations are proposed for promoting innovation in rural SMEs by focusing on cooperation and networking, information and training, innovation support programmes, marketing and sales promotion and availability of workforce.
ISSN:1648-2603
2029-2872
DOI:10.5755/j01.ppaa.18.1.23134