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Innovation Strategies of Non-Research-Intensive SMEs

In: Change in SMEs

Author

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  • Hartmut Hirsch-Kreinsen

Abstract

In the public and scientific debate, the prevalent opinion is that mainly high-tech industries are the key to future growth and employment. The statistical basis for this view is the common indicator measuring the ratio of R&D expenditure to turnover of a company or a business sector.1 The OECD classifies industrial sectors as follows: sectors with an R&D intensity of more than 5 per cent are categorized as ‘hightech’; sectors with an R&D intensity of between 3 and 5 per cent are ‘medium-high-tech’; ‘medium-low-tech’ sectors have an R&D intensity of between 3 and 0.9 per cent; and ‘low-tech’ sectors show an R&D intensity of below 0.9 per cent. The latter two are in the following subsumed under ‘low- and medium-technology’ (LMT) or ‘non-research-intensive’. Pharmaceuticals, the electronics industry, motor vehicles, the aerospace industry as well as mechanical engineering are categorized as high-tech or medium high-tech. More mature industries, such as household appliances, foods, paper, print and publishing, wood, metal and plastic products manufacturing, are regarded as low- and medium-technology.

Suggested Citation

  • Hartmut Hirsch-Kreinsen, 2008. "Innovation Strategies of Non-Research-Intensive SMEs," Palgrave Macmillan Books, in: Katharina Bluhm & Rudi Schmidt (ed.), Change in SMEs, chapter 10, pages 171-184, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-22778-1_10
    DOI: 10.1057/9780230227781_10
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    Cited by:

    1. Manuel Fernández-Esquinas & Madelon van Oostrom & Hugo Pinto, 2017. "Key issues on innovation, culture and institutions: implications for SMEs and micro firms," European Planning Studies, Taylor & Francis Journals, vol. 25(11), pages 1897-1907, November.

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