It is these days very consistent for Small and Medium Enterprises (SMEs) to participate in openinnovation activities to battle the internal and external difficulties they are confronting, forexample, less resources for R&D, constrained financial resources and specialized abilities, fewerproduction facilities and distribution channels and so on. Studies demonstrate that open innovationencountered a quick increase in recent years.

As of late researchers have additionally indicateddistinct interest in research on SMEs whereas in past research large companies were the focus. Thefocus of the Book is to highlight how SMEs solve their shortage of scare resources by engaginginto open innovation activities.

Two SMEs from various regions, to be specific Pakistan and theUnited Kingdom, were chosen as research cases for the Book. Interviews have been utilized as aprimary method for data collection.

Despite of certain limitations, the research was successfullyconcluded with imperative findings with the suggestions and practices of open innovation utilizedby SMEs. Finding from the Book demonstrate that entrepreneurs in view of their individualattributes perceived the value of the opportunity and well-spoken the thought into a successfulproduct.

Their most vital entrepreneurial qualities are quick basic leadership, risk taking capacityand innovativeness in discovering answers for issues. Both entrepreneurs were effective insorting out and managing the open innovation process and overwhelm the liabilities of beingsmall.

In both cases, entrepreneurs must have utilized external resources to satisfy theabsence of their internal resources such as technology exploration innovation strategy andthrough building and dealing with their innovation network. The result of the researchdemonstrates that the achievement of the entrepreneurs of how an entrepreneur deals withthe business is not simply based on his aptitudes and abilities, however it additionally reliesupon the type of innovation procedure which entrepreneurs incorporates within theorganization.

While organizing and managing the open innovation process there were manydifficulties that both entrepreneurs needed to face to make their SMEs successful. Although fewdifferences emerge when the both CEO's adopted open innovation activities.

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