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Leadership and Innovation in Small and Medium Sized Enterprises
The Human Factor, Volume: 1, Issue: 3
Swansea University Author: Gary Walpole
The increasingly globalised nature of the world economy inevitably means increasing competition for individual enterprises as well as for nation states. There can be little doubt that this creates an ever increasing need for both product and process innovation. This conclusion has been independently...
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The increasingly globalised nature of the world economy inevitably means increasing competition for individual enterprises as well as for nation states. There can be little doubt that this creates an ever increasing need for both product and process innovation. This conclusion has been independently reached in many parts of the world, and increasing attention is being given by the policy makers, managers and academic researchers to a consideration of the factors that can enhance the ability of the firm to innovate. At the same time it is very clear that the processes of innovation cannot be left solely to the giant multinational corporations. It is therefore of considerable interest and indeed, of considerable importance to understand the factors that might lead to enhanced innovation in small and medium sized enterprises.Over the last 15 to 20 years, there has also been a considerable interest and research in leadership in many parts of the world and a growing belief that leadership may be a significant factor in generating innovation.In the present paper these three themes are drawn together and a piece of empirical research is reported which bears on the issue of whether leadership can in reality enhance innovative potential in small and medium sized enterprises. The research was conducted in South Wales in the United Kingdom but there is no obvious reason to assume that its conclusions would not be valid in other parts of the world.
Leadership, innovation, SMEs, UK
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