It is these days very consistent for Small and Medium Enterprises (SMEs) to participate in open
innovation activities to battle the internal and external difficulties they are confronting, for
example, less resources for R&D, constrained financial resources and specialized abilities, fewer
production facilities and distribution channels and so on. Studies demonstrate that open innovation
encountered a quick increase in recent years. As of late researchers have additionally indicated
distinct interest in research on SMEs whereas in past research large companies were the focus. The
focus of the Book is to highlight how SMEs solve their shortage of scare resources by engaging
into open innovation activities. Two SMEs from various regions, to be specific Pakistan and the
United Kingdom, were chosen as research cases for the Book. Interviews have been utilized as a
primary method for data collection. Despite of certain limitations, the research was successfully
concluded with imperative findings with the suggestions and practices of open innovation utilized
by SMEs. Finding from the Book demonstrate that entrepreneurs in view of their individual
attributes perceived the value of the opportunity and well-spoken the thought into a successful
product. Their most vital entrepreneurial qualities are quick basic leadership, risk taking capacity
and innovativeness in discovering answers for issues. Both entrepreneurs were effective in
sorting out and managing the open innovation process and overwhelm the liabilities of being
small. In both cases, entrepreneurs must have utilized external resources to satisfy the
absence of their internal resources such as technology exploration innovation strategy and
through building and dealing with their innovation network. The result of the research
demonstrates that the achievement of the entrepreneurs of how an entrepreneur deals with
the business is not simply based on his aptitudes and abilities, however it additionally relies
upon the type of innovation procedure which entrepreneurs incorporates within the
organization. While organizing and managing the open innovation process there were many
difficulties that both entrepreneurs needed to face to make their SMEs successful. Although few
differences emerge when the both CEO's adopted open innovation activities.
