Strategies for Managing Open Innovation in SMEs in Bangladesh and the Contribution of SMEs to the National Economy: An Observational Study Most. Tahura Pervin, Razia Begum, & Bipul Kumar Sarker

   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.

Download PDF

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.

 

Download PDF

DOI: https://doi.org/10.5281/zenodo.3757541

Follow us

This Post Has Been Viewed 700 Times

0Shares