The discussion about which company sizes (small or large) are better innovators from thebeginning presented a large polarization of views. Most studies and opinions indicate thatlarge economic entities, not small ones, have greater achievements in this area and aremore innovative. However, some economists, incl. R.W. Vossen argues that small firms'performance in the field of innovation is much higher than various statistics indicate. Thereasons for this are underestimating their achievements, the low number of patentssubmitted, and the lower degree of innovation of implemented products. And you, whatscale of companies do you think are more innovative?

Answered: The discussion about which company…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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The discussion about which company sizes (small or large) are better innovators from the
beginning presented a large polarization of views. Most studies and opinions indicate that
large economic entities, not small ones, have greater achievements in this area and are
more innovative. However, some economists, incl. R.W. Vossen argues that small firms'
performance in the field of innovation is much higher than various statistics indicate. The
reasons for this are underestimating their achievements, the low number of patents
submitted, and the lower degree of innovation of implemented products. And you, what
scale of companies do you think are more innovative?

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