Improving Opportunity Recognition and Business Performance in Small and Medium Manufacturing Enterprises Through Design Innovation Programs

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Provided by: Queensland Treasury Corporation
Topic: SMBs
Format: PDF
Increasing awareness of the benefits of stimulating entrepreneurial behavior in small and medium enterprises has fostered strong interest in innovation programs. Recently many western countries have invested in design innovation for better firm performance. This research presents some early findings from a study of companies that participated in a holistic approach to design innovation, where the outcomes include better business performance and better market positioning in global markets. Preliminary findings from in-depth semi-structured interviews indicate the importance of firm openness to new ways of working and to developing new processes of strategic entrepreneurship. Implications for theory and practice are discussed.
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