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What did SMEs achieve out of their innovations is an important issue. Only if they are able to convert their product and process innovations into sales, their innovations will be fruitful otherwise not. Irrespective of whether new or improved products emerged due to improved designs, quality improvement, cost reduction, material substitution, introduction of new or improved processes, innovative firms must be able to sell such innovated products in the market as part of their total sales. More successful innovative firms might realize a higher share of innovated products in total sales compared to less successful innovative firms. Table 4 presents the distribution of innovative SMEs in terms of varying ranges of innovative products in total sales. A higher percentage of innovative SMEs have succeeded in converting their innovations into sales in the auto component sector relative to electronic and machine tool sectors. Among those SMEs which have succeeded in converting their innovations into sales, the majority accounted for a share of innovated products in total sales in the range of 10 per cent to 25 per cent in all the three sectors.
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