Innovation’s governance and investments for enhancing competitiveness of manufacturing SMEs

Casalino, Nunzio and Ivanov, Stefan and Nenov, Toshko (2014) Innovation’s governance and investments for enhancing competitiveness of manufacturing SMEs. Law and Economics Yearly Review, 3 (1). p. 179-209. ISSN 2050-9014.

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To become innovative and competitive manufacturing contractors, SMEs have to be capable to supply manufacturers with advanced equipment, components, and tools for improved manufacturing and engineering operations. Besides, despite their foremost numbers and importance in job creation, traditionally SMEs encounter difficulty in obtaining formal credit or equity. Maturities of commercial bank loans extended to SMEs are often limited to a period far too short to pay off any sizeable investment. Many European governments and international financial institutions have tried to address the problems of high transaction costs and risks by creating subsidized credit programmes and/or providing loan guarantees. Such projects have often fostered a culture of non-repayment or failed to reach the target group or achieve financial self-sustainability. Further, it tries to understand what are the main barriers for SMEs with respect to the realisation of their innovative potential and their capacity to improve internal processes by the adoption of innovative manufacturing techniques and a graduated organizational change. They are becoming particularly important for achieving greater productivity, lower operational costs, and higher revenues (usually characterized by reduced access to external finance, unavailability of wider distribution channels, low internationalization, etc.). The purpose of this article at last is to clarify how on-line training on automation and innovation fields can bring economic and organizational benefits. Innovative training contents can improve manufacturing knowledge of managers and employees, especially on industrial automation systems.


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Item Type: Article
Research documents and activity classification: Journal Articles > Articles > Articles published in or submitted to a Journal without IF refereed / of international relevance
Divisions: Department of Business and Management
Additional Information: Nunzio Casalino is Associate Professor of Business Organization at Guglielmo Marconi University, Rome, Italy; Stefan Ivanov is Assoc. Prof. of Electrical Engineering and Electronics at Technical University of Gabrovo, Bulgaria; Toshko Nenov is Full Professor of Electrical Engineering and Dean of the Faculty of Electrical Engineering and Electronics at Technical University of Gabrovo, Bulgaria.
Uncontrolled Keywords: SMEs, Human resources, Business Organization, Business processes, Corporate learning and training, Organizational change.
MIUR Scientific Area: Area 13 - Economics and Statistics > SECS-P/10 Business Organisation
Deposited by: Prof. Nunzio Casalino
Date Deposited: 01 Apr 2015 07:21
Last Modified: 21 Apr 2015 23:17


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