Innovation Strategy for SMEs

In Chap. 11, we look now at the specific situation in terms of innovation faced by small and medium-sized enterprises (SMEs). We find that the basic rules of innovation apply to SMEs too, but that, compared to large companies, SMEs are in a specific situation, both in terms of their need for innovation and also with regard to how innovation can be organized. We also recognize that not all SMEs are the same and that the situation of start-ups in particular differs drastically from that of SMEs.