THE EFFECT OF INBOUND OPEN INNOVATION ON FIRM PERFORMANCE IN JAPANESE MANUFACTURING FIRMS: COMPARATIVE STUDY BETWEEN RESEARCH CENTRE AND BUSINESS UNIT

2018 ◽  
Vol 22 (07) ◽  
pp. 1850054 ◽  
Author(s):  
XUE WANG
Keyword(s):  
Firm Performance ◽  
Open Innovation ◽  
Structural Equation ◽  
Research Centre ◽  
Equation Modeling ◽  
Business Unit ◽  
Firm Level ◽  
Comparative Results ◽  
Innovation Practices ◽  
Level Analysis

This study aims to investigate the inbound open innovation and firm performance in different time periods across different organisations. Specifically, a conceptual model at firm level analysis was proposed based on literature review. The model was tested with structural equation modeling, using the empirical data which were collected from 60 research centre projects and 62 business unit projects in 2008. Results reveal the causal relationship between the implementation of inbound open innovation and the firm performance in both research centre and business unit. Comparative results showed that regarding research centre, increasing the frequency of inbound open innovation, efficient interal R&D activities and the higher degree of product newness make projects stable and efficient; consequently, the success of firm performance is achieved. As for the business unit, the frequently inbound open innovation practices are necessary for terms of generating efficiency and outcomes, and efficient inter R&D stargeties are significant conditioned by the degree of product newness, contributing to the firm performance as well.

scholarly journals Openness to innovation as a driver of knowledge integration in High-Tech SMEs, the roles of social capital and network competence

2022 ◽  
Vol 18 (1) ◽  
pp. 0-0
Keyword(s):  
Social Capital ◽  
Open Innovation ◽  
Structural Equation ◽  
Knowledge Integration ◽  
Democratic Republic Of Congo ◽  
Analytical Framework ◽  
Equation Modeling ◽  
High Tech ◽  
Network Competence ◽  
Innovation Practices

This paper studies an original analytical framework to address the implementation dynamics of open innovation practices by discussing their impacts on SMEs' social capital and knowledge integration. A total of 358 High-Tech SMEs in the Democratic Republic of Congo participated in the survey. The collected data were statistically analyzed using structural equation modeling (SEM) in Smart PLS to verify the postulated hypothesis. The results reveal that open innovation practices promote knowledge integration, and social capital partially mediates open innovation and knowledge integration capability. The results further indicate that network competence moderates the practice of open innovation and social capital interactions with external knowledge sources. The theoretical implications of this study contribute to advance the discussion on the antecedent of social capital and knowledge integration in SMEs in developing countries and propose network competence as a moderator. The study also highlights the social capital nature of open innovation and reinforces the knowledge of scholars.

Technological capabilities, open innovation and perceived operational performance in SMEs: the moderating role of environmental dynamism

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Seyedeh Khadijeh Taghizadeh ◽  
Davoud Nikbin ◽  
Mirza Mohammad Didarul Alam ◽  
Syed Abidur Rahman ◽  
Gunalan Nadarajah
Keyword(s):  
Open Innovation ◽  
Structural Equation ◽  
Operational Performance ◽  
Equation Modeling ◽  
Technological Capabilities ◽  
Environmental Dynamism ◽  
Content Type ◽  
Innovation Practices ◽  
Moderating Role

Purpose In the current dynamic environment, technological capabilities and open innovation play vital roles in operational performance of small and medium enterprises (SMEs). Thus, the purpose of this paper is to explore the influence of technological capabilities on open innovation and consequent impact on perceived operational performance of the SMEs in Malaysia by considering the moderating effect of environmental dynamism. Design/methodology/approach This study is quantitative in nature and used a survey questionnaire to gather responses from 202 SME owners in Malaysia. The data were analyzed with SmartPLS software, as it used structural equation modeling. Findings The results show that technological capabilities significantly influence open innovation whereas open innovation plays an instrumental role to achieve operational performance of the SMEs. Interestingly, environmental dynamism was found to have a negative moderating role in the relationship between open innovation and perceived operational performance. Practical implications This paper will assist SME managers in making effective decisions while using technological capabilities and open innovation practices. Managers need to be aware of the vital role of technological capabilities to build external and internal collaboration and incorporate their knowledge that is necessary for open innovation practices. The results also assist managers in a way that in the dynamic and competitive environment SMEs should take further proactive actions to compete in the market to survive. Originality/value This study provides new insights by dismantling technological capabilities and open innovation to understand further the effects of technological capabilities on open innovation and its consequence on a firm’s operational performance.

Linking strategy with open innovation and performance in SMEs

2014 ◽  
Vol 18 (2) ◽  
pp. 14-27 ◽  
Author(s):  
Maria Crema ◽  
Chiara Verbano ◽  
Karen Venturini
Keyword(s):  
Firm Performance ◽  
Open Innovation ◽  
Structural Equation ◽  
Core Competencies ◽  
Geographical Area ◽  
Firm Strategy ◽  
Innovation Performance ◽  
Equation Modeling ◽  
Content Type ◽  
The Impact

Purpose – The purpose of this paper is to analyze the linkages between company’s strategy, open innovation and innovation performance, focusing on small and medium enterprises (SMEs). In more detail, the aim is to investigate the influence of firm strategy on the level of openness adopted and then the impact of open innovation on firm performance. Finally, the influence of context-specific variables (such as firm size, technology intensity, geographical area, experience of the company and technology turbulence) on the relations mentioned above will be verified. Design/methodology/approach – A survey has been conducted in the Italian manufacturing context and a database of 107 responses was obtained. The constructs of the research framework were created and validated using factor analysis; further, structural equation modeling was performed to verify the hypothesis about the studied relations. Findings – The obtained model confirmed most of the relations hypothesized, giving useful indications on how to define competitive strategy and coherent level of open innovation to pursue improved firm performance. Results highlight that firms, which pursue an innovative strategy are those who invest more on technical skills and core competencies. Companies who choose a strategy of diversification are likely to use, exclusively, managerial practices of open innovation, while firms focused on a strategy of efficiency are inclined toward open innovation practices and, to a lesser extent, to the development of core competencies. Originality/value – The main original contribution is the development of an integrated model that links company’s strategy, open innovation and innovation performance in SMEs.

scholarly journals Enhancing Firm Performance Through Adoption of Innovation: an Empirical Evidence from Indian Biotechnological Firms

2021 ◽  
Author(s):  
Aishwarya Narayan ◽  
Sumukh Hungund
Keyword(s):  
Firm Performance ◽  
Structural Equation ◽  
Innovation Performance ◽  
Snowball Sampling ◽  
Biotechnology Firms ◽  
Adoption Of Innovation ◽  
Overall Performance ◽  
Innovation Approach ◽  
Innovation Practices

AbstractThis paper explores the influence of innovation approaches on innovation performance and firm performance among Indian biotechnology firms. Further, it aims to discuss the interceding role of innovation performance between innovation practices and firm performance. A criteria-based snowball sampling method was adopted for data collection. The collection of data was carried out using a web survey from 200 biotechnology firms located across India. The data is analysed using a covariance-based structural equation modelling (SEM) technique. The results indicate that the adoption of innovation practices positively influences the firms’ innovation and overall performance. Furthermore, the results confirm the mediating role of innovation performance between innovation approach adoption and firm performance. Firms, particularly from the biotechnology industry, can use these results to assess their performance and formulate or modify their strategy to improve their innovation and overall performance.

ANALYZING THE RELATIVE INFLUENCE OF SUPPLY SIDE, DEMAND SIDE AND REGULATORY FACTORS ON THE SUCCESS OF COLLABORATIVE ENERGY INNOVATION PROJECTS

2016 ◽  
Vol 20 (02) ◽  
pp. 1650029 ◽  
Author(s):  
ALEXANDRA RESE ◽  
ANKE KUTSCHKE ◽  
DANIEL BAIER
Keyword(s):  
Structural Equation ◽  
Success Factors ◽  
Relative Influence ◽  
Equation Modeling ◽  
Supply Side ◽  
Demand Side ◽  
Firm Level ◽  
Regulatory Factors ◽  
Innovation Projects ◽  
Energy Innovation

The analysis of the importance of supply side and demand side factors with regard to innovative behavior is quite old. In this paper, these two categories are used to distinguish and examine the relevance of several success factors for collaborative innovation projects on the firm level in the German energy sector. The literature emphasizes that solving environmental problems requires extensive technological change. On the other hand, due to higher prices the market push is weaker. Regulatory factors are therefore designed to stimulate environmental innovations. The relative influence of these three categories on project performance is investigated on the basis of a sample of 128 German collaborative energy innovation projects in the development phase using a scale-based approach and structural equation modeling at the firm level. The results confirm the importance of supply side factors followed by demand side factors. In contrast to literary assumptions, R&D subsidies played no significant role.

Guest–Server Exchange Model and Performance: The Connection Between Service Climate and Unit-Level Sales in Multiunit Restaurants

2016 ◽  
Vol 42 (1) ◽  
pp. 122-141 ◽  
Author(s):  
Alex M. Susskind ◽  
K. Michele Kacmar ◽  
Carl P. Borchgrevink
Keyword(s):  
Firm Performance ◽  
Structural Equation ◽  
Process Management ◽  
Service Providers ◽  
Equation Model ◽  
Exchange Model ◽  
Service Climate ◽  
Firm Level ◽  
Organizational Policies ◽  
Guest Satisfaction

Using a sample of 51 full-service restaurants from three competing full-service restaurant companies, we extended the research on service process management by connecting the reactions of service-based employees to guests’ satisfaction with their service experience and firm-level performance. We replicated and confirmed previous tests of the existing guest–server exchange model connecting frontline-level employees’ attitudes toward their work as service providers to guests’ satisfaction in the restaurants. Most notably, we extended the guest–server exchange model by including the relationship between guests’ reports of satisfaction with service and firm performance, bringing together three unique sources of data. The findings from the test of our structural equation model revealed that 26% of the variance in firm performance was accounted for by guest satisfaction, showing that organizational policies and support for employees, are connected to a positive service climate, guest satisfaction, and firm performance, measured as sales per available seat in each restaurant.

Work climate, innovativeness, and firm performance in the US forest sector: in search of a conceptual framework

2008 ◽  
Vol 38 (7) ◽  
pp. 1703-1715 ◽  
Author(s):  
Pablo Crespell ◽  
Eric Hansen
Keyword(s):  
Firm Performance ◽  
Organizational Behavior ◽  
Structural Equation ◽  
Value Added ◽  
Forest Products ◽  
Work Climate ◽  
Wood Products ◽  
Equation Modeling ◽  
Forest Sector ◽  
The Us

Innovativeness can help companies differentiate themselves, with the ultimate goal of securing survival and improving performance. Modern theories in organizational behavior look at innovation as something that starts with individual creativity but that is also affected by the work environment. Using one broad industry sector, the US forest products industry, this study attempts to integrate into a unifying model the concepts of work climate, innovativeness, and firm performance using structural equation modeling. Results support the proposed theoretical model, with some modifications, finding a positive and significant relationship among all factors. Having innovation as a core part of a company’s strategy and fostering a climate for innovation positively affects the degree of innovativeness and performance of a company. This is especially true for secondary or value-added wood products manufacturers. A climate for innovation is characterized by high levels of autonomy and encouragement, team cohesion, openness to change and risk taking, and sufficient resources available to people. Lack of a validation sample suggests treating the model as tentative until further testing.

scholarly journals MEDIASI CUSTOMER SATISFACTION DAN INTELLECTUAL CAPITALATAS PENGARUH DIGITAL MARKETING TERHADAP KINERJA PERUSAHAAN

2020 ◽  
Vol 15 (2) ◽  
pp. 288-306
Author(s):  
Yuliati Yuliati
Keyword(s):  
Firm Performance ◽  
Customer Satisfaction ◽  
Intellectual Capital ◽  
Structural Equation ◽  
Sem Analysis ◽  
Digital Marketing ◽  
Equation Modeling ◽  
Internal Resources ◽  
Small Medium Enterprises ◽  
The Relationship

The aim of this study is to provide clarity of intellectual capital effects and customer satisfaction as a mediating variable in the relationship between digital marketing for firm performance. The study was conducted on Small Medium Enterprises (SMEs) in Kudus district by taking a sample of 134 SME managers such as owners and operational managers. Through structural equation modeling (SEM) analysis, it is discussed that the mediated hypothesized effect is statistically significant. In other words, intellectual capital and customer satisfaction can bridge the relationship of digital marketing variables to firm performance. This finding helps management in understanding the ability of internal resources to be able to utilize information technology to support the resources they have. Therefore, SMEs must pay attention to factors both internal and external, agreeing to understand the suitability of the firms in determining the most appropriate use of digital marketing.

scholarly journals Toward Firm Performance in Indonesia: The Role of Good Corporate Governance and Investment Opportunity Set

2021 ◽  
Vol 17 (1) ◽  
pp. 81-90
Author(s):  
Dedi Rusdi ◽  
Indri Kartika ◽  
Maya Indriastuti
Keyword(s):  
Corporate Governance ◽  
Structural Equation Modeling ◽  
Firm Performance ◽  
Structural Equation ◽  
Equation Modeling ◽  
Investment Opportunity ◽  
Purposive Sampling ◽  
Good Corporate Governance ◽  
Investment Opportunity Set

Abstract: This study examined the role of good corporate governance and investment opportunity set in maintaining firm performance. This study's sample population comprised 240 manufacturing companies listed on the Indonesia Stock Exchange from 2016 to 2019. The research sample was selected using a purposive sampling method. The data were analyzed by using structural equation modeling analysis (SEM). The results showed that good corporate governance in terms of board size had a negative effect on firm performance. Meanwhile, good corporate governance in terms of board independence and investment opportunity set had a positive effect on firm performance.Keywords: good corporate governance, investment opportunity set, firm performance Menuju Kinerja Perusahaan di Indonesia: Peran Good Corporate Governance dan Investment Opportunity Set Abstrak: Studi ini menguji peran good corporate governance dan investment opportunity set dalam menjaga kinerja perusahaan. Populasi sampel penelitian terdiri dari 240 perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia dari tahun 2016 hingga 2019. Sampel penelitian dipilih dengan menggunakan metode purposive sampling. Analisis data menggunakan analisis structural equation modeling (SEM). Hasil penelitian menunjukkan bahwa good corporate governance ditinjau dari ukuran dewan komisaris berpengaruh negatif terhadap kinerja perusahaan. Sedangkan good corporate governance ditinjau dari independensi dewan komisaris dan investment opportunity set berpengaruh positif terhadap kinerja perusahaan.Kata kunci: good corporate governance, investment opportunity set, kinerja perusahaan

Dynamic capabilities: interrelations and distinct effects on performance in low and high competitive intensity environments

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Amiram Markovich ◽  
Kalanit Efrat ◽  
Daphne R. Raban
Keyword(s):  
Firm Performance ◽  
Structural Equation ◽  
Dynamic Capabilities ◽  
Equation Modeling ◽  
Company Performance ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
Competitive Intensity ◽  
Content Type ◽  
Impact Performance

PurposeThis study aims to augment the understanding of dynamic capabilities (DCs) by exploring the interrelations among the DC categories (sensing, seizing, reconfiguring) and the distinct impact of each DC on firm performance under low and high levels of competitive intensity.Design/methodology/approachThe analysis is based on a cross-sectional survey of 139 managers in Israel. The data were collected through Web-based questionnaires using the Qualtrics software. A two-stage data analysis was performed using structural equation modeling (SEM).FindingsThe findings indicate that DCs follow a sequence in which sensing drives seizing, which, in turn, enhances reconfiguring. The effects of sensing are mainly manifested through its direct impact on seizing, with no evidence for an impact of sensing on company performance. Moreover, under low competitive intensity, only seizing appears to impact performance, while under high competitive intensity, reconfiguring joins seizing in improving firm performance.Originality/valueThe study's findings advance the debate on the direct vs sequential nature of DCs by indicating an internal DC sequence. Our research also advocates for a crucial role of sensing in enhancing DCs, regardless of the level of competitive intensity. Furthermore, this research expands the understanding of the consequences of DCs and enables the prioritization of DC categories under low and high competitive intensity.

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