Abstract
This chapter draws on the literature on open innovation and global supply chains to place innovative and high-tech small and medium-sized enterprises in their increasingly global context of distributed, often complementary production resources and a complex layering of labour and resource markets where research and development, routine manufacturing, final assembly and after-market support may all be present in the same location, yet each may be contributing to different product chains and sectors (Castells, The rise of the network society (2nd ed.). Oxford: Blackwell, 2000; Dicken, Global shift: Transforming the world’s economy (4th ed.). London: Paul Chapman London, 2003). It argues that new forms of intermediation and dis-intermediation between businesses and between these businesses and their customers provide both an opportunity and an imperative for entrepreneurs and start-ups to develop new strategies with which to operate in a complex environment.
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Little, S.E. (2017). Global Networks, Open Innovation and Entrepreneurial Firms. In: Little, S., Go, F., Poon, TC. (eds) Global Innovation and Entrepreneurship. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-43859-7_5
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