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Innovation in Small and Medium-Sized Industrial Firms — a German Perspective

In: Industrial Innovation

Author

Listed:
  • Karl A. Stroetmann
  • Roy Rothwell

Abstract

In recent years most industrialised countries have been experiencing economic recessions, high unemployments rates, and changes in international trade flows to a degree unaccustomed since the Second World War. At the same time, new social demands have arisen to further strain available resources and require new solutions to satisfy them. In the past, innovations have been a major factor shaping economic growth. Innovations, particularly technical innovations, are also widely regarded as a major means for overcoming present problems and for regaining economic growth rates sufficient to satisfy ever-increasing private wants and social needs.1 When discussing technical innovations, this terms should be understood to include the processes from conception or generation of an idea to its wide-scale utilisation by society, including activities involved in the creation, research, development, and diffusion of new and improved products, processes, and services for private and public use.2

Suggested Citation

  • Karl A. Stroetmann & Roy Rothwell, 1979. "Innovation in Small and Medium-Sized Industrial Firms — a German Perspective," Palgrave Macmillan Books, in: Michael J. Baker (ed.), Industrial Innovation, chapter 11, pages 205-227, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-03822-0_11
    DOI: 10.1007/978-1-349-03822-0_11
    as

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