Empirical studies shows that SMEs are characterized by budget constraints and are reluctant to invest in innovation activities such as undertaking R&D, taking out patents, and hiring highly qualified research staff. This paper suggests that SMEs’ can adopt network alliances to minimize their...

Information is a critical resource in innovation processes. External information can be helpful in innovation processes to complete them successfully. SMEs in particular are therefore advised to draw on consulting in innovation processes, as they cannot ensure the necessary information flow...