Abstract:

In the current global hyper competitive environment focus and improving innovativeness is the key to sustain and maintain their position and consistently improve itself for future. The aim of the paper is to add practical knowledge by exploring the unexplored or traditional channels of innovative idea generation with regards to networking. In developing countries SMEs are mostly focusing on process innovation while networking and research collaboration are receiving little attention therefore uniform and well-known channels of new ideas generation are missing.  This study looks for approaches to innovative ideas generations in the context of SMEs in developing countries. Hence, detailed interviews have been conducted with the owners/ managers of SMEs that are comparatively developed and involved in innovative activities. The findings of the study provide insight to entrepreneurs,  guidelines to policy makers and other stake holders regarding sources and channels of innovative ideas generation for SMEs with context to developing countries.

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