Abstract
The paper deals with a recent research study on the requirement of R&D to create new products and processes through innovation management and its impact on the overall performance of SMEs. Findings are made to know whether SMEs' significant level of R&D for product/process innovations influences growth. Feedback was obtained from the SMEs for the number of products/process introduced and R&D expenditure as a percentage of sales. The ratings on the level of innovations are made to analyze the impact on the performance of SMEs
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