An Innovation Model for Small Organizations
medium enterprises account for 60 to 70 percent of all jobs created in
developed countries, and about 95% of all enterprises. Research shows that
employment and output from larger organizations has decreased overtime, whereas
SMEs account for 30 to 70 of value added to the economic production. In 2010,
small businesses accounted for 75% of all jobs created in the United States, and
that number is increasing as more startups and entrepreneurs enter the market
and disrupt larger organizations.
But in times of disruption and innovation, small organizations also face the challenge of getting disrupted and replaced by fierce competition from every corner of the world. Access to technology and information has made it easier than ever for everyone, everywhere, to become an entrepreneur and create a killer startup with great value proposition.
Even though small organizations have more flexibility than bigger ones, thus their capacity to be agile, curious, creative, imaginative and innovative is more tangible, they also have to deal with limited financial resources, and people. And having limited resources creates a scenario in which these small businesses have