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The book emphasizes the open innovation which mainly consists of
innovation inside-out and outside-in needed by the small and
medium-sized enterprises (SME). This open innovation relates to the
performance and survival of SMEs in a global competition. The SMEs
must learn, have, and do innovative initiatives and actions. This
book elaborates all related concepts and innovative practices
toward better performances, which includes the impacts of
globalization and dynamic markets with a special focus on
sustainability. Every country has different perspectives
considering open innovation as a solution to the businesses. Thus,
readers can see the best practices to be adopted or adapted in
their business environment. The book includes the solution for the
SMEs in terms of creating values. Open innovation is known as a
window for creating values. Open innovation can be seen by SMEs as
a possible way to adapt and thrive in an increasingly competitive
and volatile environment, including to overcome their limitations.
By implementing open innovation, SMEs will compensate for their
lack of internal resources and competencies through external
resources to develop new technologies and take advantage of market
opportunities. This book is dedicated to the entrepreneurs,
businessmen, practitioners, policymakers, academician, and students
in developing strategies and having future plan related to
innovation which is crucial for creating values in business
operations. A benchmarking through innovation is important to
improve among businesses to achieve effectiveness and efficiency.
As many countries are now looking for alternative ways of doing
business with a focus on preserving ethics, morals, and values, it
is important to understand and consider Islamic business. Islamic
business, management, and entrepreneurship are topics that are
discussed by many scholars; however, researchers in some countries
have yet to comprehensively understand and implement current
models, strategies, and applications. Strategies and Applications
of Islamic Entrepreneurship considers all aspects of Islamic
business, management, and entrepreneurship. The book also provides
the best practices and challenges of implementing Islamic business
models. Covering key topics such as Islamic marketing, Islamic
business environments, and Muslim countries, this premier reference
source is ideal for managers, business owners, policymakers,
industry professionals, researchers, academicians, scholars,
instructors, and students.
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