IDEAS home Printed from https://ideas.repec.org/a/ags/paaero/201805.html
   My bibliography  Save this article

Imitation Vs. Innovation In The Sme Sector

Author

Listed:
  • Takács-György, Katalin
  • Toyserkani, Ahmad M.P.

Abstract

It is frequently mentioned that during economic crisis one of the key elements of strengthening SMEs is permanent renewal and capability of innovation. However, only some businesses are able to carry out classical product/service innovation (Schumpeter). We are of the opinion that observing the best practice, adoption and/or adaption – the imitation – should be given a higher function in everyday business life. From the point of view of business development, imitation can be more important than innovation. To find ideas worth imitating it is necessary to react and start to produce rapidly, at the right time and bring to the market the essentials of imitation. The aim of the paper is to give a theoretical overview of the interpretations of innovation and imitation. Sectoral features and regional differences determine the scope of development and renewal for existing enterprises. At the same time the knowledge of entrepreneurs regarding innovation is insufficient, thus a new paradigm is needed.

Suggested Citation

  • Takács-György, Katalin & Toyserkani, Ahmad M.P., 2014. "Imitation Vs. Innovation In The Sme Sector," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2014(2).
    • Handle: RePEc:ags:paaero:201805
    DOI: 10.22004/ag.econ.201805
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/201805/files/16-2-Takacs-Gyorgi.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.201805?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Segerstrom, Paul S, 1991. "Innovation, Imitation, and Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 99(4), pages 807-827, August.
    2. Lee, Sungjoo & Park, Gwangman & Yoon, Byungun & Park, Jinwoo, 2010. "Open innovation in SMEs--An intermediated network model," Research Policy, Elsevier, vol. 39(2), pages 290-300, March.
    3. Fenyvesi, Laszlo & Erdeine Kesmarki-Gally, Szilvia, 2012. "Boosting the competitiveness of agricultural production in Hungary through an innovation system," Studies in Agricultural Economics, Research Institute for Agricultural Economics, vol. 114(2), pages 1-5, October.
    4. Dries, Liesbeth & Pascucci, Stefano & Török, Áron & Tóth, József, 2014. "Keeping Your Secrets Public? Open Versus Closed Innovation Processes in the Hungarian Wine Sector," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 17(1), pages 1-16, February.
    5. Klinger, Bailey & Lederman, Daniel, 2006. "Diversification, innovation, and imitation inside the Global Technological Frontier," Policy Research Working Paper Series 3872, The World Bank.
    6. Owen, Wyn & Williams, Eirwen, 2012. "The utilisation of groups for innovation and knowledge transfer," Studies in Agricultural Economics, Research Institute for Agricultural Economics, vol. 114(2), pages 1-7, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Daniel Juravle & Edina Erdei & Gyorgy Kossa & Sándor Kovacs & Jozsef Popp & Judit Olah, 2022. "Examining the Correlations Between Industry 4.0 Assets, External and Internal Risk Factors and Business Performance Among Hungarian Food Companies," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 24(59), pages 143-143.
    2. Judit OLÁH & Mónika HARANGI–RAKOS & József POPP, 2017. "Innovative Development Of Warehouse Technology," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 10, pages 107-116, December.
    3. Judit OLÁH & Tamás HARMAN & József POPP, 2018. "Optimal Distribution Between Box And Pallet Automatic Warehouse Storage," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 17, pages 199-210, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Simona Alfiero & Laura Broccardo & Massimo Cane & Alfredo Esposito, 2018. "High Performance Through Innovation Process Management in SMEs. Evidence from the Italian wine sector," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2018(3), pages 87-110.
    2. Gregorio Gim�nez, 2011. "Imitations, economic activity and welfare," Documentos de Trabajo dt2011-03, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    3. Emma L. Hitchen & Petra A. Nylund & Eric Viardot, 2017. "The Effectiveness Of Open Innovation: Do Size And Performance Of Open Innovation Groups Matter?," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 21(03), pages 1-24, April.
    4. Saini, Seema & Ahmad, Wasim, 2024. "Credit creation, credit destruction and credit reallocation: Firm-level evidence from India," Journal of Asian Economics, Elsevier, vol. 92(C).
    5. Mukoyama, Toshihiko, 2003. "Innovation, imitation, and growth with cumulative technology," Journal of Monetary Economics, Elsevier, vol. 50(2), pages 361-380, March.
    6. Anthony J. Evans, 2016. "The unintended consequences of easy money: How access to finance impedes entrepreneurship," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 29(3), pages 233-252, September.
    7. Dennis, Allen & Shepherd, Ben, 2007. "Trade costs, barriers to entry, and export diversification in developing countries," Policy Research Working Paper Series 4368, The World Bank.
    8. Shankar Gimire & Kul Kapri & Md Rajib-Ur Rahman, 2018. "Imitate or Innovate? FDI, Technology, and Income Levels in Middle Income Countries," Journal of Development Innovations, KarmaQuest International, vol. 2(1), pages 1-13, May.
    9. Lai, John & Olynk Widmar, Nicole J. & Gunderson, Michael A. & Widmar, David A. & Ortega, David L., 2018. "Prioritization of farm success factors by commercial farm managers," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 21(6), July.
    10. Hailu, Degol & Kipgen, Chinpihoi, 2017. "The Extractives Dependence Index (EDI)," Resources Policy, Elsevier, vol. 51(C), pages 251-264.
    11. Ţoniş BuceaManea, Rocsana & Catană, Mădălin Gabriel & Tonoiu, Sergiu, 2014. "Network Business Environment for Open Innovation in SMEs," MPRA Paper 67060, University Library of Munich, Germany, revised 2014.
    12. Ullah, Barkat, 2021. "Does innovation explain the performance gap between privatized and private firms?," Journal of Economics and Business, Elsevier, vol. 113(C).
    13. Rossitsa Rangelova, 2007. "R&D Expenditures and Economic Growth – International Comparison," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 18-52.
    14. Augustina Asih Rumanti & Afrin Fauzya Rizana & Lutfia Septiningrum & Rocky Reynaldo & Mohammad Mi’radj Isnaini, 2022. "Innovation Capability and Open Innovation for Small and Medium Enterprises (SMEs) Performance: Response in Dealing with the COVID-19 Pandemic," Sustainability, MDPI, vol. 14(10), pages 1-21, May.
    15. Eiji Yamamura & Inyong Shin, 2009. "Effects of Income Inequality on Growth through Efficiency Improvement and Capital Accumulation," International Economic Journal, Taylor & Francis Journals, vol. 23(2), pages 237-258.
    16. Grace Li Ann Yong & Kong Weng Ho, 2006. "Innovation, Imitation And Entrepreneurship," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 51(02), pages 147-173.
    17. Cornelia Storz & Tobias ten Brink & Na Zou, 2022. "Innovation in emerging economies: How do university-industry linkages and public procurement matter for small businesses?," Asia Pacific Journal of Management, Springer, vol. 39(4), pages 1439-1480, December.
    18. Ammar Samout & Sami Boudabous, 2016. "MEDIATEURS effects innovative behavior of the owner-manager on the relationship between human capital and the success of small and medium-sized enterprises in Tunisia," Post-Print halshs-01359759, HAL.
    19. Jelena Birovljev & Biljana Ćetković & Goran Vukmirović, 2013. "Prospects Of Improving The Competitiveness Of Serbian Agriculture In (Re)Industrialization Process," Serbian Association of Economists Journal, SAE - Serbian Association of Economists, issue 5-6, pages 364-372, September.
    20. Fu, Xiaolan, 2012. "How does openness affect the importance of incentives for innovation?," Research Policy, Elsevier, vol. 41(3), pages 512-523.

    More about this item

    Keywords

    Agribusiness;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:paaero:201805. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/seriaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.