Strategies for Managing Open Innovation in SMEs in Bangladesh and the Contribution of SMEs to the National Economy: An Observational Study
Author (s)
Most. Tahura Pervin, Razia Begum, & Bipul Kumar Sarker
Abstract
Small and Medium-Sized Enterprises (SMEs) are the far-reaching evolution in the arena of open innovation which is an emerging concept that attracts a lot of entrepreneurs in Bangladesh. Open innovation has been immensely implemented in small and medium enterprises with the intention of impressing business uplift, financial and economic empowerment. SMEs and Open Innovation gathers data & information in which SMEs can put open innovation strategies to development by entrepreneurial, institutional, and exploratory study. The motto of this study is to make policy, economic, and cultural issues, including various privileges and challenges adjoining open innovation strategies in Bangladesh SMEs sector. A quantitative method was chosen to make this study a success. Specifically, a structured interview method has been followed to collect data from primary sources to provide a clear picture of the development of this industry through the application of innovative approaches to the management strategy of SMEs in Bangladesh. Data was collected from eighty respondents from three different cities (Dhaka, Gazipur, and Narsingdi) using the convenience sampling technique (non-probability sampling). Convenient sampling techniques were applied to draw samples to ensure representation of all types of companies. Data was analyzed regarding of frequency, percentage, regression analysis, and ANOVA using SPSS.
Key words:Innovation, Open Innovation, Economy, Strategies, Management Strategies, SMEs.
| Title: | Strategies for Managing Open Innovation in SMEs in Bangladesh and the Contribution of SMEs to the National Economy: An Observational Study |
|---|---|
| Author: |
Most. Tahura Pervin, Razia Begum, & Bipul Kumar Sarker |
| Journal Name: | International Journal of Science and Business |
| Website: | ijsab.com |
| ISSN: | ISSN 2520-4750 (Online), ISSN 2521-3040 (Print) |
| DOI: | https://doi.org/10.5281/zenodo.3757541 |
| Media: | Online & Print |
| Volume: | 4 |
| Issue: | 5 |
| Acceptance Date: | 18/04/2020 |
| Date of Publication: | 20/04/2020 |
| PDF URL: | https://ijsab.com/wp-content/uploads/526.pdf |
| Free download: | Available |
| Page: | 12-22 |
| First Page: | 12 |
| Last Page: | 22 |
| Paper Type: | Research Paper |
| Current Status: | Published |
Cite This Article:
Most. Tahura Pervin, Razia Begum, & Bipul Kumar Sarker (2020). Strategies for Managing Open Innovation in SMEs in Bangladesh and the Contribution of SMEs to the National Economy: An Observational Study. International Journal of Science and Business, 4(5), 12-22. doi: 10.5281/zenodo.3757541
Retrieved from https://ijsab.com/wp-content/uploads/526.pdf
About Author (s)
Most. Tahura Pervin (Corresponding Author), Assistant Professor, Department of Humanities and Social Sciences, Dhaka University of Engineering & Technology, Gazipur-1707, Bangladesh.
Dr. Razia Begum, Professor, Department of Marketing, University of Dhaka, Dhaka-1000, Bangladesh.
Bipul Kumar Sarker, Lecturer, Department of BBA Professional, Habibullah Bahar College, Dhaka-1000, Bangladesh.
DOI: https://doi.org/10.5281/zenodo.3757541