Relative strengths and weaknesses of small firms in innovation. From: International Small Business Journal | Date: April 1, 1998| Author: Vossen, Robert W. | COPYRIGHT 1998 Woodcock Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Small and large firms have differing advantages and disadvantages concerning innovation. Empirical studies generally indicate that small firms are more effective in their research and development, and that they produce a disproportionate number of important innovations. However, the two types of firms may be complimentary in their innovative work. Larger firms probably produce innovations which require more researchers and produce economies of scale, whereas small firms are innovative in area...

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