Innovation in Small and Medium Businesses (SMEs) in Kenya

Price: $5.00 USD

Document Description

SMEs are highly regarded in most countries for the major role the play in economic development at all levels (Caniels and Romijn, 2005). SMEs generate employment at great levels since they constitute of 96% of the firms on OECD countries and 60-70% of the employment in these countries (Caniels and Romijn, 2005). In the current business environment, there is much competitiveness and it critically depends on how fast a company is able to bring a new product or service to the table for its customers.

Written By

Studypool Tutor
Running Head: Innovation in Small and Medium Businesses (SMEs) in KenyaInnovation in Small and Medium Businesses (SMEs) in KenyaName:Institution:Innovation in Small and Medium Businesses (SMEs) in Kenya2IntroductionSMEs are highly regarded in most countries for the major role the play in economicdevelopment at all levels (Caniels and Romijn, 2005). SMEs generate employment at great levelssince they constitute of 96% of the firms on OECD countries and 60-70% of the employment inthese countries (Caniels and Romijn, 2005). In the current business environment, there is muchcompetitiveness and it critically depends on how fast a company is able to bring a new productor service to the table for its customers. There are pressures of competition on the market as wellas globalization, which have provided the incentive for innovation (Birchall et.al, 1996).Globalization of markets and competitive pressure are best represented by the development,introduction and creation of new services and products or services and product components, ornew procedures or processes implemented in doing things for benefiting the stakeholders in therespective organization.SMEs are present all over the world where they constitute an approximate of 99.7% ofthe enterprises in the world. Considering this percentage, many similarities are visible indifferent SMEs such as the products or services they provide to the customers. This in mind,there is pressure on the SMEs from competitors
lock_open Buy Document

Reviews from Students

Studypool Student
"Excellent work as usual"
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1826 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors