Innovation in Small and Medium Enterprises in Vietnam

Digital Object Identifier: 10.58578/ajstea.v2i2.2805
Save this to:
Article Metrics:
Viewed : 77 times
Downloaded : 66 times
Article can trace at:

Author Fee:
Free Publication Fees for Foreign Researchers (0.00)

Please do not hesitate to contact us if you would like to obtain more information about the submission process or if you have further questions.


  • Trang Mai Tran Vietnam Institutes of Economics, Vietnam
  • Ngoc Minh Thi Vu National Academy of Public Administration, Vietnam

Abstract

In a rapidly evolving market context, innovation plays a crucial role in the success of Small and Medium Enterprises (SMEs) in Vietnam. This study delves into the significance of business innovation, particularly in light of the need for SMEs to cultivate new competitive advantages amidst a growing number of similar competitors. For Vietnamese companies, innovation is not merely an option but a necessity for sustainable growth. This article focuses on exploring the advantages, disadvantages, opportunities, and risks associated with innovation in Vietnamese SMEs.

Keywords: Innovation; Small and Medium Enterprises (SMEs); Vietnam; Business Growth; Competitive Advantages; Market Context

Citation Metrics:





Downloads

Download data is not yet available.
How to Cite
Tran, T., & Vu, N. (2024). Innovation in Small and Medium Enterprises in Vietnam. Asian Journal of Science, Technology, Engineering, and Art, 2(2), 304-319. https://doi.org/10.58578/ajstea.v2i2.2805

Creative Commons License
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.

References

Adian, I., Doumbia, D., Gregory, N., Ragoussis, A., Reddy, A., & Timmis, J. (2020). Small and medium enterprises in the pandemic: Impact, responses and the role of development finance. https://openknowledge.worldbank.org/handle/10986/34552

Albaladejo, M., & Romijn, H. A. (2000). Determinants of innovation capability in small UK firms: An empirical analysis.

Asheim, B. T., & Coenen, L. (2005). Knowledge bases and regional innovation systems: Comparing Nordic clusters. Research Policy, 34(8), 1173–1190.

Carlson, C. R., & Wilmot, W. W. (2006). Innovation: The five disciplines for creating what customers want. Currency.

Chesbrough, H. W. (2003). Open innovation: The new imperative for creating and profiting from technology. Harvard Business Press.

Daronco, E. L., Silva, D. S., Seibel, M. K., & Cortimiglia, M. N. (2023). A new framework of firm-level innovation capability: A propensity–ability perspective. European Management Journal, 41(2), 236–250.

Lawson, B., & Samson, D. (2001). DEVELOPING INNOVATION CAPABILITY IN ORGANISATIONS: A DYNAMIC CAPABILITIES APPROACH. International Journal of Innovation Management, 05(03), 377–400. https://doi.org/10.1142/S1363919601000427

Moretti, F., & Biancardi, D. (2020). Inbound open innovation and firm performance. Journal of Innovation & Knowledge, 5(1), 1–19.

Oltra, M. J., Flor, M. L., & Alfaro, J. A. (2018). Open innovation and firm performance: The role of organizational mechanisms. Business Process Management Journal, 24(3), 814–836.

Pino, R. M., & Ortega, A. M. (2018). Regional innovation systems: Systematic literature review and recommendations for future research. Cogent Business & Management, 5(1), 1463606. https://doi.org/10.1080/23311975.2018.1463606

Schumpeter, J. A., & Nichol, A. J. (1934). Robinson’s Economics of Imperfect Competition. Journal of Political Economy, 42(2), 249–259. https://doi.org/10.1086/254595

Sisodiya, S. R., Johnson, J. L., & Grégoire, Y. (2013). Inbound open innovation for enhanced performance: Enablers and opportunities. Industrial Marketing Management, 42(5), 836–849.

Tran, T. M. (2022). Investigate the factors affecting the competitiveness of Vietnam’s small and medium businesses (SMEs). Journal of Management, Economics, & Industrial Organization (JOMEINO), 6(2).