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Critique of Innovation Policies: The effect of government interventions on SMEs innovativeness in Dubai - Assignment Example

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Name Instructor Task Date Critique of Innovation Policies: The Effect of Government Interventions on SMEs Innovativeness in Dubai Introduction The aim of this paper is to critique the Innovation policies that constitute government interventions to boost innovation of Small and Medium Enterprises in the Emirates of Dubai…
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Critique of Innovation Policies: The effect of government interventions on SMEs innovativeness in Dubai
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Download file to see previous pages Through innovation new ideas are generated and shaped to solve prevailing problems. There is a strong link between innovation and development as government researches indicate. The government researches oh hoe to help businesses achieve innovation is a big step towards innovation in general. The scientific and statistical approaches adopted by government for finding ways of supporting innovation is subject to analysis to find out their true outcome. The innovation policy The researches directed by the government towards technological exploitation and industrial exploitation in which maximum support is given to research and development is one of the best ways of achieving innovation in a country. The partnership between academia and industries to jointly solve all problems regarding innovation is helpful because the industries identify the real problems but the academia does research on the real problems. This leads to good solution of the problems. The concept of National Innovation System therefore one of the most appropriate approaches of inspiring innovation because all players like the universities, research centers, venture capital funds jointly provide the knowledge and resources needed for innovation. However the point missed is the need for mechanism or a formal body that would coordinate between industry and academia so that it handles the different stakeholders as equals, leading to objective interactions. This autonomous body should control the government departments and all institutions of higher learning to facilitate innovation (Hemert & Nijkamp, 2010, 365). The efforts of the government to promote innovation by creating the right environment may be suitable in enabling the society to develop the necessary capacity so that all the new ideas may be acquired, adopted, improved and implemented to solve the prevailing problems. This should be coupled with commercialization of ideas helps in realizing their full potential. The NIS concept can serve better when customized for each sector of the economy and for each region to suit the unique situations that may be prevailing. This may lead to better strategies, policies and coordination of different stakeholders at local, national and international levels of different industries. The policy makers ought to appreciate that the unique political, economic and social conditions of the country must be taken into account when seeking solution to any problem. The missing point is the how the general knowledge or technology can be contextualized because different technologies available in other countries must therefore adopt in a flexible manner to enable them suit the local problems in each industry. It is true that the universal knowledge must be adopted within a context to solve the unique problems of each society, due to differences in economies of scale and stages of development. This is true also that all human beings have some knowhow and therefore knowledge sharing should be facilitated in order to boost innovation. This can be achieved thorough good interaction between all actors in the system such as universities, research centers, inventors and consultants who jointly create successful innovation. It is also agreeable that the government can also boost innovation by recognizing the entrepreneurial spirit which can be integrated into the Innovation System to give them opportunities for ...Download file to see next pagesRead More
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