R&D Network And Value Creation In SMEs
Research and Development (R&D) activities are fundamental drivers of value creation in today's technology-based Small and Medium Enterprises (SMEs). Seemingly, a successful R&D is a task of innovation processes and development of R&D networks with allied companies. There is a perceived lack of understanding regarding the importance of SMEs and their need to continuously enhancing their technological capabilities for the purpose of establishing them in dominant market positions. This paper presents R&D network issues from the perspective of their impact on value creation in SMEs.