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1. By: Dr.Nomita Sharma

2. • SMEs in the Age of Innovation
• Rationale and Benefits of Management of
Innovation
• Determinants of Innovative Behavior within
Organization
• Barriers, Challenges and their Possible Solutions

3. • Major source of entrepreneurship and innovation.
• Backbone in many economies.
• Main generators of employment for large number
of people.
• Contributes to growth and GDP of an economy is
significant.
• Constitute for a massive 99.7% of the enterprises
worldwide.

6.  Auto-Component
 The scope is limited in product innovation
as SMEs work in Tier system and mainly
supply to OEM/Large enterprises.
 Information Technology
 The scope of innovation is wide because of
use of technology in the other sectors.

7.  Pharmaceutical
 The scope is limited in product innovations
because of the high investment involved in
the innovation and less resultant output.
 Textile (Garment Manufacturing)
 The scope of product innovation varies in
different sub-sectors.

9.  Create new and differentiating market
opportunities.
 Gain competitive edge over others.
 Better market share.
 Faster transformation in to large
enterprises.

10. • General Electric perfected Thomas Edison’s most
notable invention, the industrial research laboratory.
• DuPont - Capital-Budgeting Techniques.
• Proctor and Gamble - Brand Management..
• VISA, the world’s first near-virtual company, owes its
success to organizational innovation.
• Linux, the computer operating system, is the best-known
example of a open source development.

12. • Collaboration
• Ideation
• Implementation
• Value Creation

14. • Listen and Explore – What can we can together?
• Learn and Adjust – How will we learn together?
• Focus and Align – What should we do together?
• Link and Leverage – What will we do together?

15. • Need-Finding
• Framing
• Creative Combination
• Prototyping

17. • Firm Size
• Availability of Funds in Enterprise
• Availability of Technical Skilled
Manpower
• Technological Expertise

18. • Quality Management Techniques
• Age
• Promoting culture of Innovation
• Creating Effective Structure to as
Innovation Investment Process (IIP)

19. • Analyzing Competitors
• Developing co-operations and
partnerships similar to the networking
concept.

20. • External barriers
• Supply-side
• Demand-side
• Environment Related

21. • Resource Related, e.g. lack of internal funds,
technical expertise or management time,
culture and systems.
• Human Nature Related, e.g. attitude of top
manager to risk or employee resistance to
innovation.

23. MAHARANI INNOVATIVE PAINTS PVT. LTD.

24. Thirteen Herbs and Cure Pvt. Ltd. - A company
that develops herbal drug for HIV/AIDS .

25. Life Care Innovations Pvt. Ltd. – They manufacture
liposomal drugs for treatment of anti-fungal
treatment, Kala Azar etc.

26. THANK YOU