Open Innovation in Entrepreneurships

2013 ◽  
Vol 4 (3) ◽  
pp. 1-15 ◽  
Author(s):  
Hakikur Rahman
Keyword(s):  
Time Series ◽  
Literature Review ◽  
Economic Crisis ◽  
Knowledge Economy ◽  
Open Innovation ◽  
Small And Medium Enterprises ◽  
Empirical Studies ◽  
Innovation Strategies ◽  
Medium Enterprises ◽  
Business Sectors

Efforts have been given to gain knowledge from a meager collection of empirical studies on various taxonomies of innovation and their effects on open innovation strategies for the development of entrepreneurship, despite abundance of studies and researches that are available on the broader aspect of open innovation categorization. Based on a longitudinal literature review with three time series, this study has tried to deduct patterns of innovation among business sectors, during pre-concurrent-post periods of popularization of the term ‘open innovation’, emphasizing their implications on entrepreneurship development. However, efforts have been given to emphasize on prominent taxonomies that exists among small and medium enterprises (SMEs). Thereafter, it has tried to develop a framework on taxonomies of innovation focusing the emerging knowledge economy and the prevailing global economic crisis. The paper is an exploratory literature review and assists in knowledge acquisition.

A systematic literature review of open innovation in small and medium enterprises in the past decade

foresight ◽  
2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Huma Sikandar ◽  
Umar Haiyat Abdul Kohar
Keyword(s):  
Literature Review ◽  
Open Innovation ◽  
Resource Constraints ◽  
Developing Economies ◽  
Small And Medium Enterprises ◽  
Content Type ◽  
The Past ◽  
Prisma Statement ◽  
Major Factors ◽  
Medium Enterprises

Purpose There is a growing trend of open innovation (OI) in small and middle enterprises (SMEs) these days, yet the implementation of OI in SMEs is a challenge because of their financial and resource constraints. This study aims to identify and analyze the past trends, barriers and outcomes and major factors influencing the implementation of OI in SMEs. Design/methodology/approach This review is based on 40 published articles from the Scopus database. It selects highly cited papers published from 2010 to 2019. The PRISMA statement template is used to explain the overall process of selection and rejections of the relevant articles. Findings The study contributes in two ways. First, through a comprehensive literature review, the authors highlight the overall development of the concept of OI in the literature over the past 10 years and highlight the findings of the significant studies. Second, the authors provide detailed representations of the OI literature by calculating yearly publications and identifying the SMEs which mostly implement OI practices, journals that publish a relevant article, OI-related publications in different disciplines and geographical locations in which most of the OI studies have been conducted. The study also reveals the most cited articles, journals and authors. Originality/value The authors conclude this paper with the argument that although much research has been done in the OI field, still there is a need to establish tools, models and methods that could facilitate SMEs in OI, especially for developing economies.

Open Innovation

2013 ◽  
pp. 1521-1534
Author(s):  
Hakikur Rahman
Keyword(s):  
Literature Review ◽  
Information And Communication Technologies ◽  
Open Innovation ◽  
Small And Medium Enterprises ◽  
Communication Technologies ◽  
The Road ◽  
The Social ◽  
Information And Communication ◽  
Medium Enterprises ◽  
Corporate Business

With the advent of innovative technologies and multi-dimensional researches along the setting of entrepreneurship development, philosophy, context and business handling has been transformed from being traditional to innovative. Depending on diversity and nature of the transformation, innovation has been shifted from closed to open to crowdsourcing innovation. Ranging from small entrepreneurs to corporate business houses are being immensely benefited by the innovation techniques, especially utilizing information and communication technologies. However, the road to innovation, despite being a paradigm shift is not smooth and ready for many, particularly the small and medium enterprises who mainly deal with the clients at the outer peripheries of the social circle. This chapter synthesizes issues of opportunities and challenges for small and medium enterprises by carrying out a broad literature review and synthesis. Furthermore, the chapter will provide a few research hints to be applicable for researchers and research institutions.

Open Innovation Strategies in SMEs

2013 ◽  
pp. 281-293 ◽  
Author(s):  
Hakikur Rahman ◽  
Isabel Ramos
Keyword(s):  
Business Model ◽  
Value Chain ◽  
Open Innovation ◽  
Small And Medium Enterprises ◽  
Economic Gain ◽  
Innovation Strategies ◽  
Medium Enterprises ◽  
Financial Base ◽  
Partnership Approach ◽  
Corporate Business

Open innovation in entrepreneurships already finds its acceptance at all levels of the business industry for adding value to the business. The value could be in the form of economic gain or enhancement of knowledge leading to a sustained financial base. Open innovation adopts various strategies to accomplish the task for enhancing the value gain. Varying by size, nature, pattern, or characteristics of the firm various strategies are being adopted by enterprises. Though largely known to be familiar in corporate business houses, in recent years open innovation is also becoming increasingly familiar in small and medium enterprises (SMEs) and the trend is rapidly increasing. However, despite the potency of open innovation strategies, most of the enterprises are yet to find a sustained business model, especially for the SMEs working at the periphery of that value chain. This forms the basis of the current study. This chapter is trying to formulate a business model incorporating partnership approach from academia, research houses, intermediaries, and other stakeholders.

Open Innovation in Small and Medium Enterprises

2016 ◽  
pp. 250-272
Author(s):  
Hakikur Rahman
Keyword(s):  
Open Innovation ◽  
Small And Medium Enterprises ◽  
Weak Link ◽  
Developed Countries ◽  
Future Research ◽  
Knowledge Gain ◽  
Innovation Strategies ◽  
The Developed Countries ◽  
The Masses ◽  
Medium Enterprises

In spite of the increased acceptance by most of the corporate business houses around the world, the adaptation of strategies and concepts belonging to the newly evolved dimension of entrepreneurships, the open innovation (OI), countries in the East, West or South are yet to adapt appropriate strategies in their business practices, especially in order to reach out to the grass roots communities, or to the masses. So far, firms belonging to the small and medium sized enterprises (SMEs) sector, irrespective of their numbers and contributions towards their national economies are lagging behind far in accepting open innovation strategies for their business advancements. While talking about this newly emerged business dimension, it comprises of complex and dynamically developed concepts like, management of various aspects of intellectual property, administration of patents, copyright and trademark issues or supervision of market trend for minute details related to knowledge acquisition. All these issues are largely responsible to add value to the business plan in terms of economy or knowledge gain, and organizations acting in this aspect deserve comprehensive researches and investigations. As most of the developed countries are already in their advanced stage in adopting open innovation strategies, finding this as a weak link in terms of entrepreneurships in less developed countries, this chapter intends to seek answers related to the mentioned issues focusing adaption of open innovation strategies in developing and transitional economies. It is a study on business houses or national efforts from countries belonging to these categories, deducting from a longitudinal literature review. The chapter goes on looking into other aspects of business development incorporating various OI concepts, synthesizes to build a reasonable framework to be applicable in the target economies, points out to some future research aspects and concludes the finding of this research. This study expects to enhance knowledge of entrepreneurs, academics and researchers by gaining specific knowledge on trend of open innovation strategies in developing and transitional countries.

Open Innovation in Small and Medium Enterprises

2020 ◽  
pp. 2030-2052
Author(s):  
Hakikur Rahman
Keyword(s):  
Open Innovation ◽  
Small And Medium Enterprises ◽  
Weak Link ◽  
Developed Countries ◽  
Future Research ◽  
Knowledge Gain ◽  
Innovation Strategies ◽  
The Developed Countries ◽  
The Masses ◽  
Medium Enterprises

In spite of the increased acceptance by most of the corporate business houses around the world, the adaptation of strategies and concepts belonging to the newly evolved dimension of entrepreneurships, the open innovation (OI), countries in the East, West or South are yet to adapt appropriate strategies in their business practices, especially in order to reach out to the grass roots communities, or to the masses. So far, firms belonging to the small and medium sized enterprises (SMEs) sector, irrespective of their numbers and contributions towards their national economies are lagging behind far in accepting open innovation strategies for their business advancements. While talking about this newly emerged business dimension, it comprises of complex and dynamically developed concepts like, management of various aspects of intellectual property, administration of patents, copyright and trademark issues or supervision of market trend for minute details related to knowledge acquisition. All these issues are largely responsible to add value to the business plan in terms of economy or knowledge gain, and organizations acting in this aspect deserve comprehensive researches and investigations. As most of the developed countries are already in their advanced stage in adopting open innovation strategies, finding this as a weak link in terms of entrepreneurships in less developed countries, this chapter intends to seek answers related to the mentioned issues focusing adaption of open innovation strategies in developing and transitional economies. It is a study on business houses or national efforts from countries belonging to these categories, deducting from a longitudinal literature review. The chapter goes on looking into other aspects of business development incorporating various OI concepts, synthesizes to build a reasonable framework to be applicable in the target economies, points out to some future research aspects and concludes the finding of this research. This study expects to enhance knowledge of entrepreneurs, academics and researchers by gaining specific knowledge on trend of open innovation strategies in developing and transitional countries.

scholarly journals A Research Model for Open Innovation

2011 ◽  
pp. 82-104 ◽  
Author(s):  
Hakikur Rahman ◽  
Isabel Ramos
Keyword(s):  
Open Innovation ◽  
Small And Medium Enterprises ◽  
Research Model ◽  
The Road ◽  
Three Phase ◽  
The Social ◽  
Policy Level ◽  
Research Gap ◽  
Innovation Strategies ◽  
Medium Enterprises

With the advent of innovative technologies and long the setting of entrepreneurship development philosophy, context and business handling have been transformed from being traditional to innovative. Depending on diversity and nature of the transformation, innovation has been shifted from closed peripheries to open dimension. Looking at the immense benefits, ranging from small entrepreneurs to corporate to multinational, business houses are adopting various innovation techniques. However, the road to innovation, despite being a paradigm shift is not smooth and ready for many, particularly the small and medium enterprises (SMEs) who mainly deal with the clients at the outer peripheries of the social circle. Moreover, there is a research gap within the context of SME development through open innovation strategies. This chapter intends to initiate a research model for carrying out research on the development of SMEs through utilization of open innovation strategies. Along these contexts it has tried to synthesize aspects of opportunities and challenges surrounding SMEs development utilizing open and collaborative approaches. To set the research model, the paper has developed an innovation opportunity framework, both at the policy level and at the entrepreneur level. To validate the research hypothesis, the chapter hints at carrying out a three phase survey comprising selected SMEs.

Open Innovation Strategies in SMEs

2022 ◽  
pp. 137-162
Author(s):  
Hakikur Rahman
Keyword(s):  
Business Model ◽  
Value Chain ◽  
Open Innovation ◽  
Small And Medium Enterprises ◽  
Innovation Strategies ◽  
Medium Enterprises ◽  
Financial Base ◽  
Partnership Approach ◽  
Corporate Business

Open innovation in enterprises has already obtained its acceptance at all levels of the business industry for adding worth to the business. The value could be in the form of economic expanse or enhancement of knowledge leading to a sustained financial base. Open innovation adopts various strategies to accomplish the task for enhancing the value gain. Varying by size, nature, pattern, or characteristics of the firm, various strategies are being adopted by enterprises. Though largely known to be familiar in corporate business houses, in recent years, open innovation is also becoming increasingly recognizable in small and medium enterprises (SMEs), and the trend is rapidly escalating. However, despite the potency of open innovation strategies, most of the enterprises are yet to find a sustained business model, especially for the SMEs working at the outmost periphery of that value chain. This chapter is trying to formulate a business model incorporating partnership approach from academia, research houses, intermediaries, practitioners, and other stakeholders.

Open Innovation

2010 ◽  
pp. 87-100 ◽  
Author(s):  
Hakikur Rahman
Keyword(s):  
Literature Review ◽  
Information And Communication Technologies ◽  
Open Innovation ◽  
Small And Medium Enterprises ◽  
Communication Technologies ◽  
The Road ◽  
The Social ◽  
Information And Communication ◽  
Medium Enterprises ◽  
Corporate Business

With the advent of innovative technologies and multi-dimensional researches along the setting of entrepreneurship development, philosophy, context and business handling has been transformed from being traditional to innovative. Depending on diversity and nature of the transformation, innovation has been shifted from closed to open to crowdsourcing innovation. Ranging from small entrepreneurs to corporate business houses are being immensely benefited by the innovation techniques, especially utilizing information and communication technologies. However, the road to innovation, despite being a paradigm shift is not smooth and ready for many, particularly the small and medium enterprises who mainly deal with the clients at the outer peripheries of the social circle. This chapter synthesizes issues of opportunities and challenges for small and medium enterprises by carrying out a broad literature review and synthesis. Furthermore, the chapter will provide a few research hints to be applicable for researchers and research institutions.

A Research Model for Open Innovation

2013 ◽  
pp. 258-280 ◽  
Author(s):  
Hakikur Rahman ◽  
Isabel Ramos
Keyword(s):  
Open Innovation ◽  
Small And Medium Enterprises ◽  
Research Model ◽  
The Road ◽  
Three Phase ◽  
The Social ◽  
Policy Level ◽  
Research Gap ◽  
Innovation Strategies ◽  
Medium Enterprises

With the advent of innovative technologies and long the setting of entrepreneurship development philosophy, context and business handling have been transformed from being traditional to innovative. Depending on diversity and nature of the transformation, innovation has been shifted from closed peripheries to open dimension. Looking at the immense benefits, ranging from small entrepreneurs to corporate to multinational, business houses are adopting various innovation techniques. However, the road to innovation, despite being a paradigm shift is not smooth and ready for many, particularly the small and medium enterprises (SMEs) who mainly deal with the clients at the outer peripheries of the social circle. Moreover, there is a research gap within the context of SME development through open innovation strategies. This chapter intends to initiate a research model for carrying out research on the development of SMEs through utilization of open innovation strategies. Along these contexts it has tried to synthesize aspects of opportunities and challenges surrounding SMEs development utilizing open and collaborative approaches. To set the research model, the paper has developed an innovation opportunity framework, both at the policy level and at the entrepreneur level. To validate the research hypothesis, the chapter hints at carrying out a three phase survey comprising selected SMEs.

scholarly journals Open Innovation Strategies in SMEs

2011 ◽  
pp. 224-237
Author(s):  
Hakikur Rahman ◽  
Isabel Ramos
Keyword(s):  
Business Model ◽  
Value Chain ◽  
Open Innovation ◽  
Small And Medium Enterprises ◽  
Economic Gain ◽  
Innovation Strategies ◽  
Medium Enterprises ◽  
Financial Base ◽  
Partnership Approach ◽  
Corporate Business

Open innovation in entrepreneurships already finds its acceptance at all levels of the business industry for adding value to the business. The value could be in the form of economic gain or enhancement of knowledge leading to a sustained financial base. Open innovation adopts various strategies to accomplish the task for enhancing the value gain. Varying by size, nature, pattern, or characteristics of the firm various strategies are being adopted by enterprises. Though largely known to be familiar in corporate business houses, in recent years open innovation is also becoming increasingly familiar in small and medium enterprises (SMEs) and the trend is rapidly increasing. However, despite the potency of open innovation strategies, most of the enterprises are yet to find a sustained business model, especially for the SMEs working at the periphery of that value chain. This forms the basis of the current study. This chapter is trying to formulate a business model incorporating partnership approach from academia, research houses, intermediaries, and other stakeholders.

Sign in / Sign up

Export Citation Format

Share Document