Innovation management. The role of small business in innovation management (the most important)

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Innovation management. The role of small business in innovation management (the most important)

Lecture notes, cheat sheets

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61. ROLE OF SMALL BUSINESS IN INNOVATION MANAGEMENT

The development of innovative management throughout the world is now one of the priorities. The essence of management is manifested in management, and the essence of innovation management lies in the search, implementation and further development of innovations. The innovation stage itself is the main sign of the company's transition to a new, higher level.

As for small enterprises (firms), the introduction of new technologies into their environment means that the company is the most competitive. Small companies are much easier to manage, so they can be directed in any direction of activity and make any changes without incurring large costs. And this quality is quite important in innovation activities in the development and implementation of a new product.

The process of introducing innovation is very time-consuming, risky and costly. That is why it is much easier to carry out this process in a small company than in a large-scale enterprise. Of course, this requires considerable investments, but by taking a step in the right direction, calculating all the necessary costs, conducting thorough research, having studied the area of activity in which the activity is supposed to be carried out, the company can turn out to be so profitable and competitive that its further development will only improve. .

The main difference between small and large enterprises is that small firms are mainly engaged in the development of innovations, while large ones master and introduce them into their production. That is why the development of small businesses contributes to the development of innovative management itself. The development and efficiency of an innovative enterprise largely depends on the quality of the developed product, on the degree of its verification and testing. Within a small enterprise, an innovation is being developed, it is tested for quality and the development of measures and requirements necessary for the successful and effective implementation of a new product. Since insufficient study of it can lead to huge losses for the company and even ruin, which in turn can affect the entire economy.

From this we can conclude that the role of small business is important in the development of innovation management, since it is in small enterprises that it is more possible to develop and evaluate all aspects of innovation at the lowest cost of time and money. Whereas in large enterprises this can lead to huge costs.

By developing small business, we are developing the entire innovative sector of the economy, contributing to the formation of innovative activity, the development of innovative enterprises on an already large scale.

Authors: Evgrafova I.Yu., Krasnikova E.O.

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