Abstract
Purpose – The purpose of this study is to develop an academic theoretical framework relating success and performance in small and medium-sized enterprises (SMEs) so that future research could be carried out to identify the critical success factors (CSFs) for SMEs.
Innovation is one of the most critical means in supporting and improving the competitive position of the firm, in particular, and a firm’s survival and growth depend greatly on its ability to balance the exploitation of existing knowledge with the exploration of new possibilities, by building ambidexterity capability.
The legacy of the industrial education model is strong. There is little dispute that the model must change at a system level, but progress towards and evolution of the needed changes are still glacially slow. Inspiring examples of a 21st century model are present today, but the imperative to build an education model that is [...]
Innovation is one of the most critical means in supporting and improving the competitive position of the firm, in particular, and a firm’s survival and growth depend greatly on its ability to balance the exploitation of existing knowledge with the exploration of new possibilities, by building ambidexterity capability.
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In this article, we seek to shed new light on the sources of industrial leadership and catch-up in science-based industries. We propose an evolutionary model that incorporates scientists’ training and migration, endogenous R&D decisions, and the possibility of funding capital accumulation through debt.
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