Innovation and its Drivers in SMEs

The paper reviews the different approaches around innovation and seeks to examine the prevalent practices and drivers for change in businesses with less than 250 employees, which are more commonly known as Small and Medium- Sized Enterprises (SMEs). It is evident from previous discourse that innovation is important for business survival yet current discourse is also fragmented and wide-ranging with little consensus on which approach delivers success. While innovation is important the catalyst for change and for innovative measures to be applied seems to emanate from the entrepreneur. Thus this paper posits there is a vital role and importance that the individual entrepreneur plays as a driver of innovation in SMEs