Journal
JOURNAL OF ASIAN FINANCE ECONOMICS AND BUSINESS
Volume 8, Issue 3, Pages 411-422Publisher
KOREA DISTRIBUTION SCIENCE ASSOC
DOI: 10.13106/jafeb.2021.vol8.no3.0411
Keywords
Open Innovation; SMEs; Technology; Trends; and Motives; Management Challenges
Categories
Ask authors/readers for more resources
The study highlights the positive impact of technological adaption and open innovation policies on the growth of women-owned SMEs in Pakistan. Women enterprises show significant engagement in open innovation practices, mainly driven by market-related intentions. Policy recommendations include promoting innovation-oriented policies for women-owned SMEs.
Technological adaption and innovative activities foster small and medium enterprises (SMEs) growth, especially women-owned SMEs in Pakistan, However, the impact of technological adaption and innovative activities on SMEs growth in the context of Pakistan has been examined by very researchers. This study aims to identify the effect of technology and open innovation policies on the growth of women-owned SMEs and the present trends and management challenges for successful full implementation of open innovation. The study considered a sample of 693 women enterprises located in different cities in Pakistan. Open innovation is measured through eight innovative practices, reflecting the exploration and exploitation of technology in SMEs. Study findings revealed that women enterprises were involved in several open innovation policies during the last five years. Moreover, the study indicated no significant differences between manufacturing and service SMEs regarding open innovation practices; however, women enterprises are more impressively engaged in open innovation practices. Findings also reveal that women-owned SMEs follow open innovation, mainly for market-related intentions, to compete with competitors and meet customers' demands. Thus, it is suggested that government policy relating to thriving SMEs owned by women should be innovation-oriented. The study contributes to the theoretical and practical implications. Further, the study is helpful for SMEs, researchers, practitioners, and decision-makers.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available