Key issues on innovation, culture and institutions: implications for SMEs and micro firms

Abstract

This Special Issue is devoted to studying the role of cultural aspects in the innovation dynamics of small firms within the context of their territorial environments. Cultural elements are viewed as strategic assets because of their capacity to enhance small firms’ action and to provide opportunities to compete in the knowledge economy. Innovation studies use a variety of approaches and definitions for studying how the symbolic aspects of social reality shape innovation. In this Guest Editorial, our aim is to help clarify this topic of research. Departing from the contributions of this Special Issue, we use analytical definitions of values, norms, cognitive repertoires and institutions as layers of the cultural domain that can be present both in firms and in the surrounding innovation system. We describe important mechanisms related to innovation processes in SMEs and micro firms. The 10 selected articles provide an intellectual map of current research and investigate different angles of cultural dynamics based on cases in Spain, Portugal, Belarus and the U.K. Based on the findings from these articles, we believe that cultural elements can be integrated and recombined by innovation policies as an essential component of local and regional development.