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Innovation and SMES in media

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Innovation and SMES in media

  1. 1. INNOVATION AND SMES IN MEDIA
  2. 2. Innovation is defined as the commercialization of all new combinations based on the application of: New material sand components; the introduction of new processes; the opening of new markets; and the introduction of new organizational forms. INNOVATION ……………………………………………………………………………………………………………………………
  3. 3. Small or Medium sized Enterprises Small: Less than 50 employees and less than £6.5millionturnover. Medium: Less than 250 employees and less than £25.9million turnover. SMEs …………………………………………………………………………………………………………………………
  4. 4. Innovation often starts with a tiny idea but it can turn into something legendry. Firms are more likely to introduce new innovations as they have less commitment to existing practices and products than similar larger firms. Small firms can be important to high- tech sectors as creators of significant innovations due to the niche roles in which they often perform IMPORTANCE OF AN SME FOR MODERN DAY INNOVATION …….………………………………………………………………………………………………………………………………….
  5. 5. Many small companies have great ideas, but lack the funds to enable them to carry out the important initial feasibility work required to see if their ideas are workable. INNOVATION AND SMES …….……………………………………………………………………………………………………………………………
  6. 6. Future innovation and growth is derived by improving the incentives for companies to innovate as they will continue to create life changing products and Services. SMEs making up 99.9% of European business, helping to keep them going is seen as the key to innovation. SMESWHAT’STHE INNOVATION ……………………………………………………………………………………………………………………………..
  7. 7. CONNECT WITH US Pinterest Facebook TwitterYouTube LinkedIn Bangalore office #576, 30th Main Road, Banashankari 3rd Stage, Bangalore-560070 Navi Mumbai Gangasagar, Plot no.E- 47, Near MSEB, Sector-12, Kharghar, Navi Mumbai-410210 ……………………………

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