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Open Innovation: Reaching Out to the Grass Roots Through SMEs – Exploring Concerns of Opportunities and Challenges to Attain Economic Sustainability

Open Innovation: Reaching Out to the Grass Roots Through SMEs – Exploring Concerns of Opportunities and Challenges to Attain Economic Sustainability

Hakikur Rahman
Copyright: © 2021 |Pages: 34
ISBN13: 9781799858492|ISBN10: 1799858499|EISBN13: 9781799858515
DOI: 10.4018/978-1-7998-5849-2.ch003
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MLA

Rahman, Hakikur. "Open Innovation: Reaching Out to the Grass Roots Through SMEs – Exploring Concerns of Opportunities and Challenges to Attain Economic Sustainability." Human-Computer Interaction and Technology Integration in Modern Society, edited by Hakikur Rahman, IGI Global, 2021, pp. 42-75. https://doi.org/10.4018/978-1-7998-5849-2.ch003

APA

Rahman, H. (2021). Open Innovation: Reaching Out to the Grass Roots Through SMEs – Exploring Concerns of Opportunities and Challenges to Attain Economic Sustainability. In H. Rahman (Ed.), Human-Computer Interaction and Technology Integration in Modern Society (pp. 42-75). IGI Global. https://doi.org/10.4018/978-1-7998-5849-2.ch003

Chicago

Rahman, Hakikur. "Open Innovation: Reaching Out to the Grass Roots Through SMEs – Exploring Concerns of Opportunities and Challenges to Attain Economic Sustainability." In Human-Computer Interaction and Technology Integration in Modern Society, edited by Hakikur Rahman, 42-75. Hershey, PA: IGI Global, 2021. https://doi.org/10.4018/978-1-7998-5849-2.ch003

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Abstract

While talking about successful entrepreneurship and value addition within an enterprise through innovation, one could comprehend that the innovation paradigm has been shifted from simple introduction of new thoughts and products to accumulation of diversified actions, actors, and agents along the process. Furthermore, when the innovation process is not being constrained within the closed nature of it, the process takes many forms during its evolution. Innovations have been seen as closed innovation or open innovation, depending on its nature of action, but contemporary world may have seen many forms of innovation, such as technological innovation, products/service innovation, process/production innovation, operational/management/organizational innovation, business model innovation, or disruptive innovation, though often they are robustly interrelated.

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