Technological Adaption and Open Innovation in SMEs: An Strategic Assessment for Women-Owned SMEs Sustainability in Bangladesh

Technological adaption and innovative activities foster small medium enterprises (SMEs) growth by allowing production process diversifications. Furthermore, open innovation practices, especially SMEs, rely on several firms’ specific attributes, their impact varies accordingly. This study’s motivation is to explore the of technological adaptation SMEs run women entrepreneurs challenges encountered in implementing innovation. A sample 580 questionnaires was sent target following stratified random sampling technique, which a complete 375 responses were duly received. The has been measured through eight reflecting exploration exploitation technology SMEs. study found that women-owned involved many policies during last five years. result this indicated there are no significant differences between manufacturing industry regarding practices. Still, more impressively engaged research also identified follow innovation, mainly for market-related intentions, compete with competitors meet customers’ demands. contributes theoretical practical implications. Further, helpful researchers, practitioners, decision-makers.