Innovation Ecosystem in the Small and Medium Enterprises

2019 ◽  
Vol 6 (1) ◽  
pp. 51-54
Author(s):  
YASMIN Kamall KHAN ◽  
Azlin Shafinaz Mohd Arshad
Keyword(s):  
Open Innovation ◽  
Multinational Enterprises ◽  
Small And Medium Enterprises ◽  
High Tech ◽  
Innovation Ecosystem ◽  
Future Directions ◽  
Ecosystem Studies ◽  
Conceptual Paper ◽  
Medium Enterprises ◽  
Innovation Practices

Open innovation has so far been studied mainly in high-tech, multinational enterprises. This conceptual paper on innovation ecosystem studies scrutinizing open innovation practices that has been applied by firms focusing on small- and medium-sized enterprises (SMEs). Within the review, we defined the innovation ecosystem, explaining on the innovation issues in SMEs, open innovation as well as close innovation. SMEs pursue open innovation primarily for market-related motives such as meeting customer demands, or keeping up with competitors. Their most important challenges with open innovation are securing the trade secrets. However, SMEs have option either to proceed with open innovation or closed innovation. Open and close innovation has its benefit and weakness; therefore SMEs must identify their main objectives in the business. The future directions of this issue are discussed.

scholarly journals Research and Practices on Open Innovation

2011 ◽  
pp. 1-23 ◽  
Author(s):  
Hakikur Rahman ◽  
Isabel Ramos
Keyword(s):  
Longitudinal Study ◽  
Open Innovation ◽  
Small And Medium Enterprises ◽  
Enterprise Management ◽  
Future Research ◽  
Economic Prosperity ◽  
Research Practices ◽  
Sustained Growth ◽  
Medium Enterprises ◽  
Innovation Practices

Innovation has become a recognized driver of economic prosperity of a country through sustained growth of its entrepreneurships. Moreover, recently coined term open innovation is increasingly taking a lead in enterprise management in terms of sustained profitability. Foci of researchers and practitioners are revolving around innovation methods, processes, and strategies. This chapter seeks to find out open innovation researches and practices that are being carried out circumscribing development of small and medium enterprises (SMEs) through a longitudinal study. Along this context the study is investigating into researches that are being carried out by leading researchers and research houses across the globe, and at the same time, it also investigates open innovation practices that are being carried out for the development of SMEs. Before its conclusion, the chapter attempts to develop a framework for future research practices.

Research Dimensions of Open Innovation in Small and Medium Enterprises

2020 ◽  
pp. 1094-1123
Author(s):  
Hakikur Rahman
Keyword(s):  
Longitudinal Study ◽  
Open Innovation ◽  
Small And Medium Enterprises ◽  
Enterprise Management ◽  
Future Research ◽  
Economic Prosperity ◽  
Value Addition ◽  
Entrepreneurship Development ◽  
Medium Enterprises ◽  
Innovation Practices

Innovation is treated as a recognized driver of economic prosperity of a country through the sustained growth of its entrepreneurships. Moreover, recently coined term open innovation is increasingly taking the lead in enterprise management in terms of value addition. Foci of academics, researchers and practitioners nowadays are revolving around various innovation models, comprising innovation methods, processes and strategies. This chapter seeks to find out open innovation researches and practices that are being carried out circumscribing development of entrepreneurships, particularly the sector belonging to the small and medium enterprises (SMEs) through a longitudinal study. Along this context the chapter put forwards part of a continuous study investigating into researches in the area of open innovation for entrepreneurship development that are being carried out by leading researchers and research houses across the globe, and at the same time it also investigating open innovation practices that are being carried out for the development of entrepreneurships, emphasizing SMEs. Before conclusion the chapter has tried to develop a framework to instigate future research.

Research Dimensions of Open Innovation in Small and Medium Enterprises

2016 ◽  
pp. 198-226 ◽  
Author(s):  
Hakikur Rahman
Keyword(s):  
Longitudinal Study ◽  
Open Innovation ◽  
Small And Medium Enterprises ◽  
Enterprise Management ◽  
Future Research ◽  
Economic Prosperity ◽  
Value Addition ◽  
Entrepreneurship Development ◽  
Medium Enterprises ◽  
Innovation Practices

Innovation is treated as a recognized driver of economic prosperity of a country through the sustained growth of its entrepreneurships. Moreover, recently coined term open innovation is increasingly taking the lead in enterprise management in terms of value addition. Foci of academics, researchers and practitioners nowadays are revolving around various innovation models, comprising innovation methods, processes and strategies. This chapter seeks to find out open innovation researches and practices that are being carried out circumscribing development of entrepreneurships, particularly the sector belonging to the small and medium enterprises (SMEs) through a longitudinal study. Along this context the chapter put forwards part of a continuous study investigating into researches in the area of open innovation for entrepreneurship development that are being carried out by leading researchers and research houses across the globe, and at the same time it also investigating open innovation practices that are being carried out for the development of entrepreneurships, emphasizing SMEs. Before conclusion the chapter has tried to develop a framework to instigate future research.

AN OPEN INNOVATION ECOSYSTEM FROM A STARTUP’S PERSPECTIVE

2019 ◽  
Vol 23 (08) ◽  
pp. 1940001
Author(s):  
IZABELLA BERECZKI
Keyword(s):  
Open Innovation ◽  
Small And Medium Enterprises ◽  
Point Of View ◽  
Innovation Ecosystem ◽  
The Road ◽  
Study Approach ◽  
Research Gap ◽  
Medium Enterprises

Being embedded in an open innovation (OI) ecosystem can be the road to success for startups. In order to survive and become competitive, they must collaborate with external partners. Not only could large corporations be suitable partners, but innovation with small and medium enterprises (SMEs) can be constructive and fruitful as well. Furthermore, accelerators, incubators and other institutions can offer value to startups. Despite this fact, little attention has been paid to startups and SMEs embedded in OI ecosystems, especially from their point of view. The aim of this paper is to fulfil this research gap and deliver empirical data about the benefits and challenges of an OI ecosystem orchestrated by a startup and to investigate the potential role of an SME in these ecosystems. To answer the research questions, a case study approach was used.

scholarly journals Research and Practices on Open Innovation

2013 ◽  
pp. 175-197
Author(s):  
Hakikur Rahman ◽  
Isabel Ramos
Keyword(s):  
Longitudinal Study ◽  
Open Innovation ◽  
Small And Medium Enterprises ◽  
Enterprise Management ◽  
Future Research ◽  
Economic Prosperity ◽  
Research Practices ◽  
Sustained Growth ◽  
Medium Enterprises ◽  
Innovation Practices

Innovation has become a recognized driver of economic prosperity of a country through sustained growth of its entrepreneurships. Moreover, recently coined term open innovation is increasingly taking a lead in enterprise management in terms of sustained profitability. Foci of researchers and practitioners are revolving around innovation methods, processes, and strategies. This chapter seeks to find out open innovation researches and practices that are being carried out circumscribing development of small and medium enterprises (SMEs) through a longitudinal study. Along this context the study is investigating into researches that are being carried out by leading researchers and research houses across the globe, and at the same time, it also investigates open innovation practices that are being carried out for the development of SMEs. Before its conclusion, the chapter attempts to develop a framework for future research practices.

scholarly journals A Study of Specific Open Innovation Issues from Perspectives of Open Source and Resources—The Series Cases of Tesla

2021 ◽  
Vol 14 (1) ◽  
pp. 142
Author(s):  
Jianan Wang ◽  
Yuzhen Duan ◽  
Guijian Liu
Keyword(s):  
Open Source ◽  
Open Innovation ◽  
Large Scale ◽  
Small And Medium Enterprises ◽  
High Tech ◽  
Market Demand ◽  
Internal Resources ◽  
Innovation Activities ◽  
Medium Enterprises ◽  
Key Resources

It is difficult for enterprises to adapt to the rapidly developing market demand and increasingly intense competition by relying only on internal resources to carry out innovation activities. We identify three new issues for the Cross-Functional Consortium Families (CFCFs, CF2s) open innovation model based on a cooperating network: participation of large-scale high-tech enterprises (LHEs), impact from open source, and motivation of keeping resource independence. By studying the series cases of Tesla, Inc. (Austin, TX, USA) cooperating with small and medium enterprises (SMEs) through an open source CF2 model, we examined and discussed these three issues and gave new connotations to both open innovation and the CF2 model from perspectives of open source and resources. This paper also provides strategic reference for other LHEs to mitigate the dependency on key resources and generate new key resources accepted by the environment.

scholarly journals Technological Adaption and Open Innovation in SMEs: An Strategic Assessment for Women-Owned SMEs Sustainability in Bangladesh

2021 ◽  
Vol 13 (5) ◽  
pp. 2942
Author(s):  
Lingyan Meng ◽  
Md Qamruzzaman ◽  
Anass Hamad Elneel Adow
Keyword(s):  
Open Innovation ◽  
Small And Medium Enterprises ◽  
Sampling Technique ◽  
Decision Makers ◽  
Technological Adaptation ◽  
Strategic Assessment ◽  
Medium Enterprises ◽  
Innovation Practices ◽  
The Impact ◽  
Practical Implications

Technological adaption and innovative activities foster small and medium enterprises (SMEs) growth by allowing production and process diversifications. Furthermore, open innovation practices, especially SMEs, rely on several firms’ specific attributes, and their impact varies accordingly. This study’s motivation is to explore the impact of technological adaptation and open innovation on SMEs run by women entrepreneurs and the challenges encountered in implementing open innovation. A sample of 580 questionnaires was sent to target SMEs, following the stratified random sampling technique, of which a complete 375 responses were duly received. The open innovation has been measured through eight innovative practices, reflecting the exploration and exploitation of technology in SMEs. This study found that women-owned enterprises were involved in many open innovation policies during the last five years. The result of this study indicated that there are no significant differences between manufacturing and industry regarding open innovation practices. Still, women-owned enterprises are more impressively engaged in open innovation practices. The research also identified that women-owned SMEs follow open innovation, mainly for market-related intentions, to compete with competitors and meet customers’ demands. The study contributes to the theoretical and practical implications. Further, the study is helpful for SMEs, researchers, practitioners, and decision-makers.

scholarly journals Open Innovation with Relational Capital, Technological Innovation Capital, and International Performance in SMEs

2021 ◽  
Vol 13 (6) ◽  
pp. 3418
Author(s):  
Dongwoo Ryu ◽  
Kwang Ho Baek ◽  
Junghyun Yoon
Keyword(s):  
Technological Innovation ◽  
Open Innovation ◽  
Small And Medium Enterprises ◽  
Hierarchical Regression ◽  
Relational Capital ◽  
Innovation Capability ◽  
Perspective View ◽  
International Performance ◽  
Medium Enterprises ◽  
The Relationship

The importance of international markets is constantly emphasized for small and medium enterprises(SMEs). In previous studies, technological innovation capabilities were emphasized as a factor that enables SMEs to compete in the international market. To this end, SMEs need to cooperate with external partners to strengthen their technological innovation capabilities to thus improve their international performance. With the perspective view of open innovation, this research explores the effects of relational capital and technological innovation capability on international performance, with a particular focus on the moderating effect of alliance proactiveness. Building on previous literature regarding internationalization, technological innovation, and alliance proactiveness, research hypotheses were developed and tested using data collected from 175 SMEs. A hierarchical regression analysis was applied. The analysis showed that, first, relational capital had a significant effect on the technological innovation capability. Second, technological innovation capability has a significant influence on the international performance. Third, technological innovation capability mediated the relationship between relational capital and international performance. Finally, alliance proactiveness was found to moderate the relationship between technological innovation capability and international performance. The key research findings imply that relational capital and alliance proactiveness are the key factors of international performance, as they improved the development of the technological innovation capability.

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