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The Characteristics of SMEs in Dubai and Their Impact on Innovation

The Characteristics of SMEs in Dubai and Their Impact on Innovation
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Author(s): Mercy Veronica Chaita (Higher Colleges of Technology, UAE)
Copyright: 2020
Pages: 12
Source title: Entrepreneurial Innovation and Economic Development in Dubai and Comparisons to Its Sister Cities
Source Author(s)/Editor(s): Heather C. Webb (Dubai Men’s College, UAE)and Hussain A. Al Numairy (Dubai Men’s College, UAE)
DOI: 10.4018/978-1-5225-9377-5.ch007

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Abstract

This chapter explores the extent and characteristics of small and medium enterprises (SMEs) in Dubai and their innovative practices. Within this context, considerable emphasis is placed on evaluating the propensity of these SMEs to adopt new technology. SMEs are significant to the local entrepreneurship and innovation activities as well as improving competitiveness. Furthermore, these enterprises play a crucial role in job creation and are fundamental to economic growth. The connection between economic success in SMEs is fundamental since these firms are able to incorporate innovation into their operations and organizational practices.

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