A STUDY OF THE PREVALENT TYPES OF CREATIVE THINKING, ENTREPRENEURIAL BEHAVIOR, AND METHODS OF MANUFACTURING IN LOW-TECHNOLOGY SECTORS

Abstract

The purpose of this research is to examine the effect of external organization cooperation on technically feasible, non-technologically feasible, and economically viable innovations in seven different EU member states' standard manufacturing sectors. In this study, the surveyed a representative sample of small and medium-sized businesses (SMEs). The fact that these four forms of innovation could complement one another is something that the empirical approach accounts for. Studies have shown that when businesses work together, they are more likely to come up with novel ideas and see substantial financial gains. More specifically, when the number of cooperative relationships increases, all innovation performance measures improve. The researcher concluded that demand should be the driving force behind innovation support programs and that a portfolio approach to collaboration yielded the best results for improving innovation performance.