SMEs in UK

Small Medium-Sized Entreprises in United Kingdom

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Table of Contents
2.0 Chapter 2: Literature Review   1
2.1   Definition of Innovation   1
2.2 Innovation In SMEs versus large Firms   3
2.3 Entrepreneurship and Innovation   4
2.4 Impact of innovation   6
2.5 Innovation and Export in UK   8
2.6 Determinants of Innovation   11
2.7 Firm Characteristics   12
2.7.1 OWNER   13
2.7.2 Size and Age of Organization   14
2.7.3 Technological Factors   15
2.8 Entrepreneurship skills and innovation   16
2.9 Significance of entrepreneurship skills   16
3.0 Chapter three: Methodology   18
3.1 Research Approach and Research Type   18
3.1.1 Research Type   18
3.1.2 Research Approach   18
3.2 Sampling Procedures   19
3.2.1 Sampling Design   19
3.2.2 Population of study   20
3.2.3 Sampling unit   20
3.2.4 Sampling frame   20
3.2.5 Sample size   20
3.3 Types of data   20
3.3.1 Primary data   20
3.3.2 Secondary data   21
3.4 Data collection technique   21
3.4.1 Qualitative and Quantitative techniques   21
3.4.2 Questionnaire   22
3.5 Data Analysis   22
3.6 Ethical Consideration   23
3.7 Reliability and validity of the study   23
3.8 Research Work Plan   23
3.9 Research Expenses   24
The research budget had adequate amount of fund for the entire period of study as follows:   24

Small Medium-Sized Entreprises in United Kingdom

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2.0 Chapter 2: Literature Review
2.1 Definition of Innovation
There is no doubt about the fact that over the year’s scholars have been attracted to the field of innovation and so far there has been extensive research on the various topics of innovation, like acceptance of innovation, supervision of innovation, and extent of innovation (Dutz, 2012). The dictionary definition of innovation has mostly focused upon the successive refinement and development of inventions, which can be transformed into usable techniques, and products, which can be deemed worthy to be launched within a given market (De Brentani, 2001). However, there is a fair amount of disagreement about the definition of innovation among scholars and the same can be attributed to the heterogeneity of sources along with innovation outcomes (Goffin & New, 2001). Furthermore, a distinction has also been made in terms of innovation and research and development where R & D have been shown to be committed to resources required for research along with refinement of various ideas focused at developing commercially feasible products and processes (De Brentani, 2001). On the other hand, innovation concerns itself with subsequent processes and products. From this differentiation, the following linear model of innovation process can be formed –