According to Joseph Schumpeter,small firms are likely to have better-developed complementary activities such as marketing or financial planning that enable them to be more effective innovators than larger firms.

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Joseph Schumpeter argued that larger firms are more likely to be effective innovators due to their ability to invest significant resources in research and development and to sustain long-term projects, not small firms.

According to Joseph Schumpeter,small Firms Are Likely to Have Better-Developed