• BUSINESS

    SELECTED ASPECTS OF PATENT PROTECTION IN SMALL AND MEDIUM-SIZED ENTERPRISES: A LITERATURE REVIEW

    Science. Business. Society., Vol. 1 (2016), Issue 3, pg(s) 47-49

    The aim of this paper is to show the importance of patent protection in small and medium-sized enterprises and to identify the major challenges for intellectual property management faced by this group of companies. The study provides a literature review on patent activity in small and medium-sized enterprises. On this basis, it can be concluded that small firms may be disadvantaged by their size in the use of patent protection. Consequently, most companies prefer informal appropriation mechanisms, such as secrecy, lead time advantage or complexity of product design. The reasons for the relatively low patent activity of small and medium-sized enterprises is the lack of sufficient funds and knowledge on the management, as well as the limited capacity of exercising their intellectual property. The article also identifies the most promising directions of further research and articulates a number of recommendations both for managers as well as for policy makers.

  • THE APPLIANCE OF OPEN INNOVATION CONCEPT IN SMEs IN REPUBLIC OF MACEDONIA

    Innovations, Vol. 3 (2015), Issue 2, pg(s) 3-6

    The open innovation is a concept of growing acceptance in the field of innovation management. It is based on the idea that companies can leverage the knowledge generated externally to improve their innovation performance. Open innovation as a process can promote shorter innovation cycles, increase in industrial research, and better optimization of the resources. However the process of open integration is much harder for implementations in SMEs than larger enterprises. The reasons behind the low integration of the open innovation as a process can be seen in the low capacity of the SMEs to deal with the open innovation process, low awareness of the benefits of the open innovation process, lack of knowledge for the intellectual law and rights, etc. This paper is based on the empirical research on 63 SMEs, in order to determine the factors (reasons) for low implementation of the open innovation process in the SMEs in Republic of Macedonia.