ORGANIZATIONOF THE PROMINENT TYPES OF INNOVATION, ENTREPRENEURSHIP, OR METHODS OF PRODUCTION WITHIN LOW-TECHNOLOGY ORGANIZATIONS
DOI:
https://doi.org/10.48047/q1pqsw46Keywords:
Imagination, uniqueness, edge in competition, and PME EquipmentAbstract
In seven conventional industrial industries throughout the European Union, this study aims to analyze
the impact of external organization collaboration on innovations that are technically possible, nontechnologically feasible, and economically viable. Researchers in this research polled a cross-section
of SMEs to get their take on things. According to the empirical method, it is possible for these four
types of innovation to work in tandem with one another. Collaborating companies are more likely to
generate fresh ideas and large profits, according to studies. It has been shown that all indicators of
innovation performance improve as the number of cooperative ties grows. The study's author came to
the conclusions that innovation assistance programs should be demand-driven and that the most
effective strategy for boosting innovation performance was a portfolio approach to cooperation.
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