Innovation is related to creative t

Innovation is related to creative thinking, improvement and innovative usage of technology to increase theeconomic value of products and services (Cooke, 2001; OECD, 2011). SMEs are considered a significantseedbed for innovation and entrepreneurship, providing the foundation for the transition towards large firmsand the long‐run growth of the economy (Luetkenhorst, 2005; Audretsch et al., 2009). They play an importantrole by being the breeding ground for new and large firms. They are likely to promote new products due toflexibility, affordability and proximity to the market (Audretsch et al., 2009). With respect to entrepreneurship,a number of studies have specified that an entrepreneur is an innovator who can bring about change throughnew products, new processes, and new management techniques (OECD, 2005). SMEs are most innovative inthe development of new products (Schumpeter, 1942; Audretsch et al., 2009). SMEs can provide a betterincubator environment for fostering the growth of entrepreneurial desires and learning than larger firms

Creative thinking is related to Innovation, Improvement and innovative usage of Technology to increase the
VALUE of Economic Products and Services (Cooke, 2 001; OECD, in 2011). SMEs are considered a significant
seedbed for Innovation and entrepreneurship, the Foundation for providing the transition towards Large firms
and the growth of the long-Run Economy (Luetkenhorst, 2005th; Audretsch et al., 2009). Play an important they
role by being the Breeding Ground for New and Large firms. They are likely to promote New Products Due to
flexibility, affordability and proximity to the Market (Audretsch et al., The 2,009th). With respect to entrepreneurship,
a Specified Number of Studies that have an Entrepreneur is an innovator Who Can Bring About Change Through
New Products, New processes, and New Management techniques (OECD, two thousand and five). Most SMEs are innovative in
the Development of New Products (Schumpeter, 1942; Audretsch et al., 2009th). SMEs Can provide a better
incubator for fostering the growth of Environment and Desires Learning entrepreneurial than larger firms.

Innovation is related to creative thinking improvement and, innovative usage of technology to increase the.Economic value of products and services (,;, Cooke 2001 OECD 2011). SMEs are considered a significant.Seedbed for innovation and entrepreneurship providing the, foundation for the transition towards large firms.And the long - 2548 run growth of the, economy (Luetkenhorst 2005; Audretsch et al, 2009). They play an important.Role by being the breeding ground for new and large firms. They are likely to promote new products due to.Flexibility affordability and, proximity to the market (Audretsch et al, 2009). With respect, to entrepreneurshipA number of studies have specified that an entrepreneur is an innovator who can bring about change through.New, processes products new, new and management techniques, (OECD 2005). SMEs are most innovative in.The development of new products (Schumpeter 1942; Audretsch, et al, 2009). SMEs can provide a better.Incubator environment for fostering the growth of entrepreneurial desires and learning than larger firms.