Abstract
New and cutting-edge technologies causing deep changes in societies, playing the role of game modifiers, and having a significant impact on global markets in small and medium-sized towns in Europe (SMSTEs) are the focus of this research. In this context, an analysis was carried out to identify the main dimensions of a model for promoting innovation in SMSTEs. The literature review on the main dimensions boosting the innovation in SMSTEs and the methodological approach was the application of a survey directed to experts on this issue. The findings from the literature review reflect that technologies, governance, and sustainability dimensions are enablers of SMSTEs’ innovation, and based on the results of the survey, a model was implemented to boost innovation, being this the major add-on of this research.
Highlights
IntroductionIn the context of this paper, are the technologies that allow the market transformation and change the ways of communication, collaboration, education, training, and innovation [3]
The emergence of new technologies and scientific discoveries is changing the status quo and people’s lifestyle and work [1], as well as boosting the innovation in regions and towns [2] by the introduction of local innovation policies or through the potential of innovation of the companies creating new products and services as well as new business models—those vectors can be named as game changers.Game changers, in the context of this paper, are the technologies that allow the market transformation and change the ways of communication, collaboration, education, training, and innovation [3]
Information has become a distinctive factor of competitiveness, and intellectual capital presents itself as a primary factor of competitiveness as it depends on powering of the information process
Summary
In the context of this paper, are the technologies that allow the market transformation and change the ways of communication, collaboration, education, training, and innovation [3]. Their potential moves in new ways of thinking and acting, transforming society, towns, organizations, and individuals [4]. A company based on knowledge and using emerging technologies leads to the decision-making process and becomes adapted to the real networks of communication and globalization. It enables an easier learning process and allows the re-use of knowledge, measurement of better professional performance of the workers, a greater use of the available parts, and an increase of the efficiency in the decision-making process
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