IDEAS home Printed from https://ideas.repec.org/a/aif/journl/v4y2020i5p12-22.html
   My bibliography  Save this article

Strategies for Managing Open Innovation in SMEs in Bangladesh and the Contribution of SMEs to the National Economy: An Observational Study

Author

Listed:
  • 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.

Suggested Citation

  • 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, IJSAB International, vol. 4(5), pages 12-22.
  • Handle: RePEc:aif:journl:v:4:y:2020:i:5:p:12-22
    as

    Download full text from publisher

    File URL: https://ijsab.com/wp-content/uploads/526.pdf
    Download Restriction: no

    File URL: https://ijsab.com/volume-4-issue-5/2849
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aif:journl:v:4:y:2020:i:5:p:12-22. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Farjana Rahman (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.