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Open Innovation in SMEs: From Closed Peripheries to Networked Paradigm

Open Innovation in SMEs: From Closed Peripheries to Networked Paradigm

Hakikur Rahman
Copyright: © 2011 |Pages: 16
ISBN13: 9781616928803|ISBN10: 1616928808|EISBN13: 9781616928827
DOI: 10.4018/978-1-61692-880-3.ch022
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MLA

Rahman, Hakikur. "Open Innovation in SMEs: From Closed Peripheries to Networked Paradigm." E-Business Issues, Challenges and Opportunities for SMEs: Driving Competitiveness, edited by Maria Manuela Cruz-Cunha and João Varajão, IGI Global, 2011, pp. 378-393. https://doi.org/10.4018/978-1-61692-880-3.ch022

APA

Rahman, H. (2011). Open Innovation in SMEs: From Closed Peripheries to Networked Paradigm. In M. Cruz-Cunha & J. Varajão (Eds.), E-Business Issues, Challenges and Opportunities for SMEs: Driving Competitiveness (pp. 378-393). IGI Global. https://doi.org/10.4018/978-1-61692-880-3.ch022

Chicago

Rahman, Hakikur. "Open Innovation in SMEs: From Closed Peripheries to Networked Paradigm." In E-Business Issues, Challenges and Opportunities for SMEs: Driving Competitiveness, edited by Maria Manuela Cruz-Cunha and João Varajão, 378-393. Hershey, PA: IGI Global, 2011. https://doi.org/10.4018/978-1-61692-880-3.ch022

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Abstract

Successful innovation is a key to business growth. In the realm of technological development, innovation processes have been transformed into various forms, like open innovation, crowdsourcing innovation, or collaborative innovation. This research would like to focus on open innovation processes to reach out to the common stakeholders in the entrepreneurship system through small and medium enterprises. It has been observed that to provide innovative services or products to the outer periphery of the customer chain, SMEs play an important role. Hence, focusing innovation for SMEs would lead to a newer dimension of innovation research for better business and economic growth. It could be applied to both ways in terms of value gain to the participants. This applies to all sorts of entrepreneurships, though often corporate business houses seem to be the most beneficiaries of innovation researches. This research will emphasize open innovation for SMEs at the outset by focusing transformation of innovation leading to a networked paradigm in spite of being in closed periphery, and try to provide some overview on innovation strategies, including various challenges.

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