2026-06-10T20:12:41.790Z http://ezaposleni.singidunum.ac.rs/rest/sciNaucniRezultati/oai

ezaposleni.singidunum.ac.rs/rest/sciNaucniRezultati/oai:1:2568 2014-07-14T09:41:53Z 1

Potential for Improvement of Innovation Activities of SMEs 2014 http://ezaposleni.singidunum.ac.rs/rest/sciNaucniRezultati/oai/record/1/2568 M. Hadžić P. Pavlović In the course of 2013 Serbian economy was sending some good signals, such as a shift in business demography and positive trends in foreign trading. There were also welcome political events, like the granting of the EU candidate status to Serbia and the drafting of the National Integrated Innovation Support Program. However, one has to be aware that the level of competitiveness of Serbian companies, including the SMEs, on the global market is low. These economic entities are faced with recession and, at the same time, with a deteriorating business climate as market reforms have lost their momentum. Given that innovation is seen as a key to the improvement of competitiveness, a comparative analysis for Serbian SMEs vis-à-vis the region and a broader EU environment was done, as well as a dynamic analysis. It is suggested that comparative advantages of Serbian SMEs lie with innovators, financial support, ISO standardization, audio - visual services exports, ICT imports, costs of redundancy dismissal, secondary level education and graduation in science and engineering. At the same time there is room for improvement with human resources, linkages between business and research institutions, intellectual assets, scientific system, tax payment system, investment and cluster development also need to be improved. In order to create a more encouraging business environment particularly important is to continue with market reforms. Measures of general support to SME development should be strengthened in an aim to create critical number of small economic entities. Special measures should be implemented to dynamic SMEs. conferenceObject 160 170 7th International Conference for Entreprenurship, Innnovation and Regional Development, ICEIRD 2014, Proceedings of the Conference