Innovation for SMEs

 

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SWOT Analysis of SMEs in Open Innovation

Strengths

- SMEs in Europe comprises of about 23M€ investment market that account for 99% of all businesses and represent 2/3rd of the total employment (Renaud, 2008)

 

 

Opportunities

- Easily adopt OI strategies such as inward and outward licensing and joint ventures (Cervantes, 2009)

 

 

 

Weaknesses

- Lack in managerial and technical skills (Tilley & Tonge, 2003)

 

 

Threats

- Multiple innovation channels are counterproductive (Nählinder, 2005)

 

 

Innovation Opportunities Framework

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This site was last updated 04/25/10