The Relationship Between

9 Chapter I: Introduction 1. Background of the Study Competition among firms is getting harder day by day due to globalisation, deregulation, increasing global and domestic contender, innovative technologies, and e-commerce. (Akman and Yilmaz, 2008). Small medium enterprises (SMEs) are considered to be more preferential than large enterprises as they have a more conciliatory structure so as to meet costumers varying need in an immediate manner. (Örücü, Kiliç and Sava?, 2011). That emphasis the plea of providing products and services that can attain high demand constantly beside utilising resources in effective and efficient manner. Thus, Innovation can supporter strongly to cope with these changes in environment. Innovation has now plow one of the key elements inwardly a business. As competition for customers and resources become more and more intense the ability of a comp whatsoever to innovate is often more important than any other factor in its sustainability. Innovation accordingly needfully to transcend all areas of operation - production, finance, planning, human resource commission and marketing.

However, in the small business many of these functions are carried step forward by the owner manager and thus often leads to a lack of realisation of the processes needed to implement innovation within the small business (Tunney, 2011). Organizational learning, which promotes continuous adaptation and change, has therefore captured the imagination of managers seeking to survive the current turbulent in operation(p) environments. (Ionica and Oncioiu 2010). As new outputs, innovations may come from new noesis as well as from the combination of existing companionship to create innovations (Henderson and Clark, 1990), using combinative capabilities. Learning means integration new cognition or mixing existing knowledge in different ways, learning leads to newness, and thus to innovation (Šebestová and Rylková, 2011).... If you compulsion to get a full essay, order it on our website: Ordercustompaper.com

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