MODELLING IN INNOVATION PROCESS

                                    Aneta Pachura, PhD
                            Czestochowa University of Technology


ABSTRACT: SME competitive advantage is the resultant of actions aimed at full adaptation
to the changing demands of external and internal environments. It may be assumed that the
process of shaping the basic SME success factors is determined by corporate activity in the
fields of research and development, production, distribution and customer service. Integration
of these actions demands constant market analyses as well as flexibility and organisational
efficiency. Theorising and modelling of innovation activity is one of the most important factor
of SME development.

Keywords: SME, innovation, modelling, economic development

JEL Codes: O31, O33