Innovation has become a central theme and challenge in the literature of entrepreneurship, SMEs management, and … conducive to long-term investments in new business activities. This way, the development of innovation policy in SMEs forms an … approach to entrepreneurship and innovation. In this paper we address the innovation strategies of SMEs engaged in the …

, innovation, and performance. For that end, a search was carried out in the Web of Science and Scopus databases, and 172 articles … innovation (incremental and radical), and operational and financial performance, and direct and indirect relationships. Based on …

performance in complex systems. We show that there is an important asymmetry between the performance implications of over- and … performance improvement. We discuss the implications of these arguments for product and organization design …

activities of firms in each of these areas differs. Finally, it compares the performance of innovative and non-innovative firms …