Small Medium-Sized Entreprises in United Kingdom
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Small Medium-Sized Entreprises in United Kingdom
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Small Medium-Sized Entreprises in United Kingdom
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Table of Contents
2.0 Chapter 2: Literature Review 1
2.1 Definition of Innovation 1
2.2 Innovation In SMEs versus large Firms 3
2.3 Entrepreneurship and Innovation 4
2.4 Impact of innovation 6
2.5 Innovation and Export in UK 8
2.6 Determinants of Innovation 11
2.7 Firm Characteristics 12
2.7.1 OWNER 13
2.7.2 Size and Age of Organization 14
2.7.3 Technological Factors 15
2.8 Entrepreneurship skills and innovation 16
2.9 Significance of entrepreneurship skills 16
3.0 Chapter three: Methodology 18
3.1 Research Approach and Research Type 18
3.1.1 Research Type 18
3.1.2 Research Approach 18
3.2 Sampling Procedures 19
3.2.1 Sampling Design 19
3.2.2 Population of study 20
3.2.3 Sampling unit 20
3.2.4 Sampling frame 20
3.2.5 Sample size 20
3.3 Types of data 20
3.3.1 Primary data 20
3.3.2 Secondary data 21
3.4 Data collection technique 21
3.4.1 Qualitative and Quantitative techniques 21
3.4.2 Questionnaire 22
3.5 Data Analysis 22
3.6 Ethical Consideration 23
3.7 Reliability and validity of the study 23
3.8 Research Work Plan 23
3.9 Research Expenses 24
The research budget had adequate amount of fund for the entire period of study as follows: 24
Small Medium-Sized Entreprises in United Kingdom
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2.0 Chapter 2: Literature Review
2.1 Definition of Innovation
Small Medium-Sized Entreprises in United Kingdom
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There is no doubt about the fact that over the year’s scholars have been attracted to the field of innovation and so far there has been extensive research on the various topics of innovation, like acceptance of innovation, supervision of innovation, and extent of innovation (Dutz, 2012). The dictionary definition of innovation has mostly focused upon the successive refinement and development of inventions, which can be transformed into usable techniques, and products, which can be deemed worthy to be launched within a given market (De Brentani, 2001). However, there is a fair amount of disagreement about the definition of innovation among scholars and the same can be attributed to the heterogeneity of sources along with innovation outcomes (Goffin & New, 2001). Furthermore, a distinction has also been made in terms of innovation and research and development where R & D have been shown to be committed to resources required for research along with refinement of various ideas focused at developing commercially feasible products and processes (De Brentani, 2001). On the other hand, innovation concerns itself with subsequent processes and products. From this differentiation, the following linear model of innovation process can be formed –
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