The world economy presents an abrupt and prolonged slowdown that will affect low- middle-income countries more strongly. According to the World Bank (2023), projected growth forecast for 2023 dropped, from July 2022 January 2023, 3% at 1.7%.

The paper investigates the differences between small, medium-sized and large firms regarding their performance in the introduction of new products and processes. After a review of the relevant literature, two models are proposed and tested in search for different business strategies and innovation inputs connected to product and process innovations. The empirical analysis uses innovation survey...