scholarly journals Exploring market failures in open innovation

2017 ◽  
Vol 36 (1) ◽  
pp. 23-40 ◽  
Author(s):  
Nola Hewitt-Dundas ◽  
Stephen Roper
Keyword(s):  
Empirical Evidence ◽  
Open Innovation ◽  
Empirical Studies ◽  
Optimal Level ◽  
Average Level ◽  
Market Failures ◽  
Policy Initiatives ◽  
Lack Of Information ◽  
Potential Benefits ◽  
And Performance

There is now considerable empirical evidence demonstrating the innovation and performance benefits that accrue to firms engaging in open innovation (OI). Here, we use novel data on micro-businesses to show that the average level of engagement in OI falls well below the optimal level, a finding that reflects that of other empirical studies. We identify and examine three market failures which may help to explain this result. These relate to a lack of understanding of the potential benefits of OI by firms, a lack of information about the capabilities of potential partners and a lack of information about the trustworthiness of potential partners. Our findings provide evidence that policy initiatives designed to offset these information failures are likely to increase the range of partners with which firms engage with significant benefits for innovation.

scholarly journals Distinctive Capabilities and Performance: Empirical Evidence from Malaysian SMEs

2020 ◽  
Author(s):  
Mohd Khairuddin Hashim
Keyword(s):  
Empirical Evidence ◽  
Positive Relationship ◽  
Manufacturing Sector ◽  
Empirical Studies ◽  
General Notion ◽  
Research Issue ◽  
Significant Positive Relationship ◽  
Strategic Variable ◽  
And Performance ◽  
Functional Areas

Despite the general notion that distinctive capabilities are crucial to the success affirms, empirical studies that focused on this strategic variable in SMEs remains limited. This study seeks to address this research issue by empirically investigating 100 SMEs in the Malaysian manufacturing sector. The findings of the study suggest that the SMEs studied established capabilities in several business functional areas. In addition, the results of the correlations indicate statistically significant positive relationship between distinctive capabilities and the performance of the SMEs in this study.  

scholarly journals The Open Innovation Paradigm

Economics ◽  
2015 ◽  
pp. 1682-1703
Author(s):  
Luca Ganzerla ◽  
Cinzia Colapinto ◽  
Elena Rocco
Keyword(s):  
Empirical Evidence ◽  
Open Innovation ◽  
Organizational Innovation ◽  
Distributed Knowledge ◽  
Digital Revolution ◽  
Value Network ◽  
Depth Analysis ◽  
Potential Benefits ◽  
Knowledge Intensive ◽  
Shed Light

The aim of this chapter is to shed light on an emerging educational and business paradigm, stemming from the digital revolution and the opportunities disclosed by Open Innovation. The central idea behind Open Innovation is that, in a world of widely distributed knowledge, companies cannot afford to rely entirely on their own research but should instead buy or license processes or inventions from other actors. After pointing out the potential benefits of digital storytelling and of Web 2.0 and 3.0 for promoting pedagogical and organizational innovation, the authors present an application of the Open Innovation Paradigm in education: the Value Generating Framework. The chapter offers empirical evidence of the benefits through an in-depth analysis of the alliance between the Italian Zoo “Parco Natura Viva” and the Italian foundation “Radio Magica.” This knowledge-intensive, collaborative, value network paradigm is more successful than the previous firm-centric paradigm.

scholarly journals Facing the winds of change: The managerial power of Open Innovation

2015 ◽  
Vol 3 (2) ◽  
pp. 1-4 ◽  
Author(s):  
Anne-Laure Mention ◽  
Marko Torkkeli ◽  
João José Pinto Ferreira
Keyword(s):  
Strategic Alliances ◽  
Open Innovation ◽  
Large Scale ◽  
Empirical Studies ◽  
Exploratory Research ◽  
Business Economics ◽  
Policy Makers ◽  
Managerial Power ◽  
And Performance ◽  
The Relationship

Since Henry Chesbrough coined the term of Open Innovation in 2003, it has attracted increasing interest from academics, practitioners and policy-makers alike. More than a decade after, some noticeable and contrasted facts emerge. First, Open Innovation has deeply penetrated the research realms, across disciplines, yet mainly in business, economics and management. Interestingly, this research has primarily focused on the inbound side of Open Innovation, first depicting the phenomenon, then exploring the contingencies and processes, and finally, examining the relationship between Open Innovation adoption and performance. Qualitative, exploratory research has been progressively complemented by large-scale, empirical studies. Unfortunately, few studies exploit indicators going beyond the usual suspects, such as cooperation practices, information sourcing, strategic alliances, joint patenting, and the like to capture the complex and multifaceted nature of Open Innovation. The Outbound, and concomitantly, the coupled side of Open innovation is now gaining more popularity within the research community, with seminal contributions, usually depicting how firms can leverage on external channels to increase their profits and societal impact. An illustration of such research, authored by Chesbrough and Chen, is included in this thematic issue. (...)

Does size matter? The effects of enterprise size on the perception of benefits and risks of open innovation projects

2018 ◽  
Vol 6 (2) ◽  
pp. 71-101 ◽  
Author(s):  
André Ullrich ◽  
Gergana Vladova ◽  
Marcus Grum ◽  
Danny Marquart
Keyword(s):  
Empirical Evidence ◽  
Open Innovation ◽  
Exploratory Study ◽  
Online Survey ◽  
Practical Relevance ◽  
Innovation Projects ◽  
Innovation Project ◽  
Potential Benefits ◽  
Size Matter ◽  
Enterprise Size

This article presents an exploratory study investigating the influence of an enterprise’s size on its perception and assessment of the benefits and risks expected from participating in open innovation projects. For this purpose an online survey was conducted in Germany, Austria and Switzerland. The result of this paper is empirical evidence showing how the size of an enterprise affects its perception of potential benefits and risks expected within the context of open innovation project participation. Furthermore, the identified effects are discussed against the theory. Existing theory regarding the benefits and risks of open innovation is expanded by 1) finding that they are perceived mostly independently of enterprise size, 2) confirming their practical relevance, and 3) enabling a finer distinction between their degrees of relevance for small, medium, and large enterprises.

scholarly journals The Open Innovation Paradigm

2015 ◽  
pp. 332-353 ◽  
Author(s):  
Luca Ganzerla ◽  
Cinzia Colapinto ◽  
Elena Rocco
Keyword(s):  
Empirical Evidence ◽  
Open Innovation ◽  
Organizational Innovation ◽  
Distributed Knowledge ◽  
Digital Revolution ◽  
Value Network ◽  
Depth Analysis ◽  
Potential Benefits ◽  
Knowledge Intensive ◽  
Shed Light

The aim of this chapter is to shed light on an emerging educational and business paradigm, stemming from the digital revolution and the opportunities disclosed by Open Innovation. The central idea behind Open Innovation is that, in a world of widely distributed knowledge, companies cannot afford to rely entirely on their own research but should instead buy or license processes or inventions from other actors. After pointing out the potential benefits of digital storytelling and of Web 2.0 and 3.0 for promoting pedagogical and organizational innovation, the authors present an application of the Open Innovation Paradigm in education: the Value Generating Framework. The chapter offers empirical evidence of the benefits through an in-depth analysis of the alliance between the Italian Zoo “Parco Natura Viva” and the Italian foundation “Radio Magica.” This knowledge-intensive, collaborative, value network paradigm is more successful than the previous firm-centric paradigm.

scholarly journals Structural Relationship and Influence between Open Innovation Capacities and Performances

2018 ◽  
Vol 10 (8) ◽  
pp. 2787 ◽  
Author(s):  
Kwangsoo Shin ◽  
Eungdo Kim ◽  
EuiSeob Jeong
Keyword(s):  
Knowledge Management ◽  
Financial Performance ◽  
Technological Innovation ◽  
Open Innovation ◽  
Empirical Studies ◽  
Firm Level ◽  
Balanced Development ◽  
Absorptive Capacities ◽  
Managerial Implications ◽  
And Performance

Previous studies related to open innovation have presented piecewise implications in relation to various knowledge management capacities. The study published by Lichtenthaler and Lichtenthaler in 2009 presented a model that combines the various open innovation capacities of firms in view of a mix of knowledge management, dynamic capability and absorptive capacity. Despite these efforts, there have been few empirical studies on the relationships among capacities, or between capacities and performance from an integrated perspective. Therefore, this study seeks to clarify the relationships among knowledge capacities and between knowledge capacities, technological innovation and financial performance at the firm level. Our findings are that the transformative, connective, inventive and absorptive capacities both directly and indirectly affects technological innovation performance; and innovative and desorptive capacities are the key factors connecting technological innovation to financial performance. This study provides managerial implications for the balanced development of the various knowledge capacities and the improvement of technological innovation and financial performance for firm knowledge managers.

Spotting a liar by looking for microexpressions: Challenges and Opportunities

2019 ◽  
Author(s):  
Xunbing Shen
Keyword(s):  
Empirical Evidence ◽  
Deception Detection ◽  
Empirical Studies ◽  
High Stake ◽  
Challenges And Opportunities ◽  
Cues To Deception ◽  
The Relationship

Microexpressions do exist, and they are regarded as valid cues to deception by many researchers, furthermore, there is a lot of empirical evidence which substantiates this claim. However, some researchers don’t think the microexpression can be a way to catch a liar. The author elucidates the theories predicting that looking for microexpressions can be a way to catch a liar, and notes that some data can support for the utilization of microexpressions as a good way to detect deception. In addition, the author thinks that the mixed results in the area of investigating microexpressions and deception detection may be moderated by the stake. More empirical studies which employ high-stake lies to explore the relationship between microexpressions and deception detection are needed.

Acquiring “Knowledge”—An Alternative Model

2017 ◽  
Author(s):  
Avner Baz
Keyword(s):  
Language Acquisition ◽  
Empirical Evidence ◽  
Alternative Model ◽  
Empirical Studies ◽  
First Language ◽  
Analytic Philosophy ◽  
Empirical Science ◽  
First Language Acquisition ◽  
Method Of Cases ◽  
Striking Fact

The chapter argues that empirical studies of first-language acquisition lend support to the Wittgensteinian-Merleau-Pontian conception of language as against the prevailing conception that underwrites the method of cases in either its armchair or experimental version. It offers a non-representationalist model, inspired by the work of Michael Tomasello, for the acquisition of “knowledge,” with the aim of showing that we could fully account for the acquisition of this and other philosophically troublesome words without positing independently existing “items” to which these words refer. The chapter also aims at bringing out and underscoring the striking fact that, whereas many in contemporary analytic philosophy regard and present themselves as open and attentive to empirical science, they have often relied on a conception of language that has been supported by no empirical evidence.

Sign in / Sign up

Export Citation Format

Share Document