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Competitiveness of small and medium enterprises: towards a two dimensional model of innovation and business clusters

Lookup NU author(s): Dr Panagiotis Piperopoulos

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Abstract

There is a well-established literature on innovation, entrepreneurship and business clusters and how each of these concepts affects small and medium sized enterprises (SMEs) competitiveness and growth. There is also an impetus by government agencies around the globe to encourage the creation of business clusters as a means of improving competitive advantages of SMEs and promoting regional economic growth. This article explores the relation between innovation and business collaborations and how these affect competitiveness and growth of SMEs, in less developed regions of Europe, through an analysis of four SMEs in an industrial cluster. On the basis of this, it presents a hypothetical, descriptive two-dimensional model of innovation and business clusters. SMEs that develop strategic partnerships are more likely to innovate and grow, than those SMEs that adopt a more ‘traditional’ go-it-alone approach. The article concludes with a discussion of policy implications of these findings for generating economic growth in less developed regions of Europe.

Publication metadata

Author(s): Piperopoulos P, Scase R

Publication type: Article

Publication status: Published

Journal: International Journal of Business Innovation and Research

Year: 2009

Volume: 3

Issue: 5

Pages: 479-499

Print publication date: 01/01/2009

Date deposited: 31/08/2010

ISSN (print): 1751-0252

ISSN (electronic): 1751-0260

Publisher: Inderscience Publishers

URL: http://dx.doi.org/10.1504/IJBIR.2009.027173

DOI: 10.1504/IJBIR.2009.027173

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