A FRUGAL INNOVATION MODEL ASSIMILATING BLOCK-CHAIN TECHNOLOGY IN THE MANUFACTURING SMES

Abstract

This paper's purpose is to construct and propose a frugal innovation model by assimilating block-chain technology in the manufacturing SMEs’ of Bangladesh. The model showcases the linkages and relationships among the necessary components of the SMEs and triggers to enhance innovation performance of the SMEs. Mixed-method approach was adopted for the study to get its designed objective. In the first phase, sixty (60) SME owners and partners of Bangladesh participated in qualitative focused group discussion and later three (3) multiple case studies were included to make the study and result more reliable and transferable. Data has been analyzed through NVIVO and connections are established through soft systems techniques. Findings of the study assist the necessary components to flourish and others to diminish. The study has been dealt with original data, collected from the manufacturing SMEs’ of Bangladesh.