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Research Publications (Management Sciences)

Permanent URI for this collectionhttp://ir-dev.dut.ac.za/handle/10321/217

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Subject: search.filters.subject.Innovation

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    Driving sustainable growth for small and medium enterprises in emerging urban–rural economies
    (MDPI AG, 2023) Tshikovhi, Ndivhuho; More, Krantisagar; Cele, Zamaswazi
    Rural economies are crucial for global development, with more than 80% of the world’s population living in rural areas and agriculture providing livelihoods for approximately 2.5 billion people worldwide. However, these economies are often vulnerable to various factors, including climate change, natural disasters, and a lack of progressive economic policies. The main aim of making rural economies more sustainable is to promote long-term economic development, protect the environment, and improve the quality of life in urban–rural communities. This paper explored certain strategies for enhancing rural economies to be more sustainable. The results show that smart growth has been rapidly growing in urban cities, while certain communities outside urban areas have been left behind. However, both urban and rural communities need economic growth and be adaptive to smart growth to serve their communities and adhere to the Sustainable Development Goals (SDGs) in the new era of innovation. Thus, we argue that rural areas are a big part of emerging economies. As such, they cannot be left behind in any smart growth. In this study, we found that rural economies need training and up-skilling in order to improve their sustainability and efficiency targets. Through a systematic review, this paper looked at various ways rural communities can solve their challenges toward smart growth and the sustainability of their resources. As a result, we propose solutions for urban–rural communities to implement in daily activities in terms of policy and practice approaches.
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    An overview on the role of innovation in making sustainable and future-ready businesses
    (ERM Publications, 2023) Rena, Ravinder
    Innovation is the key to success for businesses and it remains a crucial element in the sustainable development of the entrepreneurship activities across the globe. It is characterized by the creative capacity of invention as a source of sociocultural and technological change. In this background, the current review provides an overview of innovative business practices, enablers, and the factors that prevent the business owners to innovate new product/ service offerings, role of innovation among the small and medium enterprises, and impact of innovative business practices in the aftermath of COVID-19. Methodology: No comprehensive review has been made in this domain, though the researchers have focused on the concepts of innovation and business practices separately. The present study is an important contribution to the research domain as it holistically approaches the concept, its application, and the takeaway for future. Findings: The research article reviewed the studies conducted earlier and discussed the innovative practices followed in different domains and how the existing studies handled the concept of innovation in business. The paper also discussed about green innovation concepts and the concept of business innovation in India since India emerges as a vibrant nation after COVID-19. Implications: As per the India Innovation Index 2021, India is yet to tap the potential areas. With loads of opportunities yet to be unleashed, India must bring policy measures to make business innovations, a norm. It has increased continuously in the ladder of innovative start-up environment provider, though there is a scope for further growth in this regard.