Towards the Innovation of High-tech Small-medium Enterprises (SMEs): The Interview Approach

Wei Xue, Victor Chang, Yijie Chen, Qianwen Xu

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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Abstract

With the intensive global market competition, the Chinese central government is paying more attention to the innovation of SMEs, especially for high-tech SMEs. This paper conducts the interview approach to investigate the status of innovation and its importance to SMEs in Suzhou. R&D development requires innovation as a key element. Findings from interviewees are positive towards innovation. Innovation has been used throughout the SMEs - from strategies, marketing, products to services. This implementation makes SMEs in Suzhou more competitive than most other cities of China by offering positive thinking and dynamic inputs to produce more creative products and services. However, problems have been identified. Although SMEs are the main body of technological innovation, but it is difficult for them to survive. We plan to propose a framework that contains all factors influencing R&D and carefully set hypotheses. With our mixed-method approach in our future work, we present more results and analysis based on our findings.

Original languageEnglish
Title of host publicationFEMIB 2020 - Proceedings of the 2nd International Conference on Finance, Economics, Management and IT Business
EditorsPatricia Baudier, Mitra Arami, Victor Chang
PublisherSciTePress
Pages129-135
Number of pages7
ISBN (Electronic)9789897584220
Publication statusPublished - 5 May 2020
Event2nd International Conference on Finance, Economics, Management and IT Business - Virtual, Online
Duration: 5 May 20206 May 2020

Publication series

NameFEMIB 2020 - Proceedings of the 2nd International Conference on Finance, Economics, Management and IT Business

Conference

Conference2nd International Conference on Finance, Economics, Management and IT Business
Abbreviated titleFEMIB 2020
CityVirtual, Online
Period5/05/206/05/20

Bibliographical note

Publisher Copyright:
Copyright © 2020 by SCITEPRESS - Science and Technology Publications, Lda. All rights reserved.

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