How can we optimize the Research, Development & Innovation environment for SMEs? They say, if you don’t innovate, you are dead. It is very difficult for big companies to innovate and this is another big opportunity for SMEs.
Because of globalization of markets with a higher rivalry environment, rapid technological changes and shorter product and technology lifecycles, many firms, especially the small and medium enterprises (SMEs), should focus on being innovative which is the key driver for sustainable competitive advantage.
SMEs constitute 98 percent of all business in Kenya , create 30 percent of the jobs annually as well as contribute 3 percent of the GDP. Innovation could be the implementation of a new or significantly improved product (e.g. change in product properties), process (e.g. changed delivery methods), marketing method (e.g. new product packaging) or organizational method (e.g. changes in workplace organization) in business practices, workplace organization, or external relations. Are our SMEs being innovative enough? What are some the enablers to drive innovation in our SME sector?
|Prof Bitange Ndemo – University Of Nairobi Business School||Alice Migwi – Managing Director , Migwi Farms||Ms Lucy Lau BighamCEO – Tosheka Textiles||Gaita Kariuki ,Co-Founder Selina Wamucii||Florence Kimata ,SME Advisor, Ministry of Trade, cooperatives & Industry|