scholarly journals Open Innovation Practices, Product Development and Business Performance in Manufacturing Firms

2021 ◽  
pp. 1-18
Author(s):  
Sandra Yesenia Pinzón-Castro ◽  
Gonzalo Maldonado-Guzmán ◽  
Elena Patricia Mojica-Carrillo ◽  
Rubén Michael Rodríguez-González
Keyword(s):  
Product Development ◽  
New Product Development ◽  
Open Innovation ◽  
Business Performance ◽  
New Products ◽  
Manufacturing Firms ◽  
Manufacturing Companies ◽  
Data Set ◽  
Positive Effects ◽  
Innovation Practices

In the scientific literature on innovation, there is a growing interest of researchers and academics in the analysis and discussion of the phenomenon of open innovation, as well as in the documentation of the contribution of empirical evidence of the capacities of the development of new products. However, little is known about the relationship between open innovation practices, new product development, and business performance, which is why there is a call from researchers, academics, and industry professionals, for future guidance, studies in the analysis and discussion of these three constructs through large samples that allow generalization of the results obtained, for which this research has the main objective of filling this gap in the literature through an extensive review of the literature. Likewise, a self-administered questionnaire was distributed to a sample of 460 manufacturing companies in Mexico, analyzing the data set through confirmatory factor analysis and structural equation models. The results obtained suggest that open innovation practices have significant positive effects on both the development of new products and the business performance of manufacturing companies in the automotive industry. JEL classification numbers: M31 Keywords: Open innovation practices, Product development, Firm performance, Manufacturing firms.

scholarly journals CROWDSOURCING: A STRATEGY FOR FIRM PERFORMANCE IN THE PLASTIC MANUFACTURING SECTOR IN SOUTHEAST NIGERIA

2021 ◽  
Vol 3 (7) ◽  
pp. 228-236
Author(s):  
Agbasi Emmanuela Obianuju ◽  
Nwosu Kanayo Chike ◽  
Dibua Emmanuel Chijioke
Keyword(s):  
Firm Performance ◽  
Product Development ◽  
New Product Development ◽  
Manufacturing Sector ◽  
Idea Generation ◽  
New Product ◽  
Manufacturing Firms ◽  
Manufacturing Companies ◽  
Open Collaboration ◽  
Product Creation

The heavy reliance of manufacturing firms in the south-eastern part of Nigeria on their team of experts in Research and Development (R & D), to come up with new ideas and innovation, and the neglect of the input of customers in this process necessitated this study to examine the nexus between crowdsourcing and firm performance in the plastic manufacturing sector in southeast Nigeria.  The work was anchored on the Human Capital Theory. The study adopted a survey research design as the most suited for the work. Two states were selected judgmentally, because of the concentration of plastic manufacturing firms in those States. Eighteen plastic manufacturing firms were selected randomly, with a population strength of 328. The sample size was 176, arrived at using Krejcie and Morgan formula. Questionnaire was the instrument for data collection, and it was subjected to content validity and reliability tests using correlation method, which returned a coefficient of 0.879. The data collected were analyzed using regression analysis through the ordinary least square method, at a 5% level of significance. Findings revealed that a positive relationship exists between the variables (r = .973). A 95% change in new product development was accounted for by changes in open collaboration in the plastic manufacturing sector in Southeast Nigeria (R2 = .947, F = 2802.884, p-value < 0.05). The study, therefore, concluded that involving customers in the process of new product creation is key to its acceptability by the public. As a result, it was recommended that the managers and owners of plastic manufacturing companies need to find a way to get the customers involved in their idea generation and new product creation for a sustained creditable performance.  Keywords: Crowdsourcing, Firm Performance, Plastic Manufacturing Sector, Open Collaboration and New Product Development.

scholarly journals Complexity as an Antecedent for External Collaboration in New Product Development Projects

2018 ◽  
Vol 7 (4.7) ◽  
pp. 97
Author(s):  
Reza Gheshmi ◽  
Hugo Zacro ◽  
Frederic Marimon
Keyword(s):  
Product Development ◽  
New Product Development ◽  
Open Innovation ◽  
New Product ◽  
Development Projects ◽  
Knowledge Sources ◽  
External Knowledge ◽  
Project Complexity ◽  
Different Dimensions ◽  
Innovation Practices

This study examines how project complexity in low technology-intensive small- and medium-sized enterprises (SMEs) contribute in implementation of open innovation practices, during their new product development projects. The main focus of this paper is to investigate the critical role of complexity in the project level to identifying the compatibility of those external sources involved in NPD. The low technology-intensive sector in Spain were chosen as a target context, there were many innovative SMEs operating in these industries and because these sectors were going through significant changes. Four external knowledge sources, Universities, suppliers, customers and competitors and four open innovation practices, Community, Platform, Partnership and seller-buyer agreement, in the new product development were identified. The study shows that in SMEs, project complexity plays an important role in selecting the external source and implementation of open innovation practices. The main conclusion of the study is that the external collaboration in new product development projects is determined by different dimensions of project complexities and in projects with different type of complexity, the SMEs follow different external knowledge sources and open innovation practices. The study results imply that SMEs benefit from opening up their innovation process in the new product development projects. The firms in this study employed a blend of strategies that is more compatible with dimensions of project complexity. They collaborated actively with different external knowledge source and different modes of collaboration, when they have determination of different dimensions of project complexity. Also, the study extends understanding of the strategic use of open innovation in SMEs by demonstrating how SMEs balance the risk of project complexity built on new product development and the benefit of creating a wider capability base with partnerships. 

Open Innovation through Intermediaries in the Web

2013 ◽  
pp. 191-208 ◽  
Author(s):  
Diana Benito Osorio ◽  
Montserrat Jiménez Partearroyo ◽  
Luis Miguel Arroyo Gutiérrez
Keyword(s):  
Product Development ◽  
Qualitative Analysis ◽  
New Product Development ◽  
Open Innovation ◽  
Innovation Management ◽  
Web Based ◽  
Business Innovation ◽  
Innovation Practices ◽  
The Web

Since its conception Open Innovation has become what can be called the reference mark for business innovation management. The aim of this chapter is threefold; first the authors explain the trends that have emerged from the use of web based open innovation by firms. Secondly, they will establish a relationship between these trends and the phases of the New Product Development (NPD) process. Thirdly, they will carry out a concrete qualitative analysis based on active intermediaries firms. The authors compare different case study of companies that offer themselves as intermediaries in the web for open innovation practices oriented to the product.

scholarly journals Collaboration with Suppliers and Lead Users in New Product Development and Open Innovation: Empirical Evidence from Jordanian Companies

2016 ◽  
Vol 5 (1) ◽  
pp. 32
Author(s):  
Zu'bi M. F. Al-Zu'bi
Keyword(s):  
Regression Analysis ◽  
Product Development ◽  
New Product Development ◽  
Open Innovation ◽  
New Product ◽  
Hierarchical Regression ◽  
Company Size ◽  
Manufacturing Companies ◽  
Potential Bias ◽  
Lead Users

<p>This study aims to investigate the effects of collaboration with suppliers and lead users in new product development on open innovation in Jordanian manufacturing companies. Data was collected from 132 companies in two industries; machinery and electronics, and hierarchical regression analysis used to test the study hypotheses, with control variables of company age, company size, and length of relationship applied to avoid their potential bias. The results show that supplier collaboration in new product development does not significantly affect open innovation, while collaboration with lead users positively and significantly affects open innovation.</p>

Path-Deepening or Path-Creating Orientation?

2014 ◽  
pp. 480-496
Author(s):  
Ying Ying ◽  
Yang Liu ◽  
Lu Jin
Keyword(s):  
Product Development ◽  
New Product Development ◽  
New Products ◽  
New Product ◽  
Manufacturing Firms ◽  
Zhejiang Province ◽  
Strategic Orientation ◽  
Strategic Orientations ◽  
Organizational Levels

This chapter aims to have a better understanding of the roles of strategic orientations in developing new products for quality innovation. First, the authors apply the path-deepening and path-creating orientation perspectives to clarify the key sub-dimensions of strategic orientation and outline their effects on firms’ new product development performance, respectively. Then, the chapter proposes the contingent effects of several factors from both environmental and organizational levels. Finally, based upon a sample of 392 manufacturing firms located in Zhejiang Province in China, the results support all the arguments.

scholarly journals NEW PRODUCT DEVELOPMENT (NPD) SERVICE SUPPLIERS IN OPEN INNOVATION PRACTICES: PROCESSES AND ORGANIZATION FOR KNOWLEDGE EXCHANGE AND INTEGRATION

2011 ◽  
Vol 15 (01) ◽  
pp. 165-204 ◽  
Author(s):  
GABRIELE COLOMBO ◽  
CLAUDIO DELL'ERA ◽  
FEDERICO FRATTINI
Keyword(s):  
Product Development ◽  
New Product Development ◽  
Service Provider ◽  
Open Innovation ◽  
Service Providers ◽  
Knowledge Exchange ◽  
New Product ◽  
Point Of View ◽  
Organizational Variables ◽  
Innovation Practices

New Product Development (NPD) service providers have assumed a prominent role in enabling a more widespread use of Open Innovation strategies, thanks to their ability to acquire, recombine and sell specialized knowledge and technologies. This paper adopts the point of view of the NPD service provider to investigate the approaches it can employ in order to favor knowledge exchange with its clients, throughout the service delivery process. The research relies on a multiple case study, which focuses on three collaborative projects undertaken by a worldwide leading provider of NPD services with some of its most important clients. The analysis reveals some important findings. First, the NPD service provider uses standard approaches, both as regards process and organizational variables, to address two critical barriers toward a successful completion of the inter-organizational relationship: the tacit nature of the knowledge to be exchanged and the difficulties in predicting the content of collaboration activities. Second, in implementing these approaches, the NPD service provider takes into account the distinctive characteristics of each client and the peculiarities of the specific collaborative project. Besides providing several managerial insights that will be useful for managers working in NPD service providers, the paper contributes to the academic debate, e.g., investigating the importance of trust in successful inter-organizational knowledge exchange processes.

The value of strategy and flexibility in new product development

2016 ◽  
Vol 29 (4) ◽  
pp. 525-548 ◽  
Author(s):  
Kamel A. Fantazy ◽  
Mohamed Salem
Keyword(s):  
Supply Chain ◽  
Product Development ◽  
Financial Performance ◽  
New Product Development ◽  
New Product ◽  
Equation Modeling ◽  
Manufacturing Companies ◽  
Content Type ◽  
Positive Effects ◽  
And Performance

Purpose – The purpose of this paper is to examine the relationship between strategy and flexibility in new product development, and the operational and financial performance in the supply chain context. The motives for conducting this research are to introduce the supply chain strategies and new product development flexibility (NPDF) as constructs that could have the potential to contribute to the success of supply chain performance. Based on the relational view of the firm, the authors propose that supply chain strategy is an antecedent of NPDF and can create value for the buying firm in terms of better financial and non-financial performance. Design/methodology/approach – The structural equation modeling approach was used to evaluate the proposed model and analyze hypothesized relationships. The analysis, based on data collected from 175 small- and medium-sized (SME) Canadian manufacturing companies. Findings – The analysis shows that there are direct positive effects from strategy on NPDF. The findings indicate also a direct positive association between NPDF and performance and showed that the total effect (direct and indirect) positively influenced performance. Originality/value – The literature did not reveal any study which attempted to examine strategy, NPDF, and performance in the supply chain context of SMEs. The current study fills this important gap in the literature.

Entrepreneurial Bricolage and New Product Development Performance in New Ventures: The Contingent Effects of Founding Team Involvement

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Xinchun Wang ◽  
Xiaoyu Yu ◽  
Xiaotong Meng
Keyword(s):  
Product Development ◽  
New Product Development ◽  
Resource Constraints ◽  
New Ventures ◽  
New Products ◽  
New Product ◽  
Strategic Decision ◽  
Entrepreneurial Bricolage ◽  
Founding Team ◽  
Npd Performance

Abstract New product development (NPD) performance is a key determinant of a new venture’s success. However, compared with established firms, new ventures often suffer from resource constraints when developing new products. Entrepreneurial bricolage is reported in the literature as an alternative strategic option that enables managers to overcome resource constraints when developing new products. However, because new ventures are often founded by an entrepreneurial team, the effectiveness and efficiency of using bricolage to improve NPD performance might be contingent on how the founding team plays its roles in this process. Using data from 323 new ventures in China, we find support for the critical role of entrepreneurial bricolage in improving NPD success under resource constraints. More importantly, our results reveal that the bricolage strategy is more likely to benefit a venture when the founding team is composed of members with diverse functional backgrounds and is not heavily involved in strategic decision-making.

Development of Food Packaging through TRIZ and the Possibility of Open Innovation

2021 ◽  
Vol 7 (4) ◽  
pp. 213
Author(s):  
Harry Jeong ◽  
Seunggu Lee ◽  
Kwangsoo Shin
Keyword(s):  
Product Development ◽  
Elderly People ◽  
New Product Development ◽  
Consumer Research ◽  
Open Innovation ◽  
Food Packaging ◽  
Universal Design ◽  
New Product ◽  
Improvement Plan ◽  
Starting Point

As the aging population increases, the need for new product development (NPD) for elderly-friendly food packaging is also increasing. Through the use of consumer research, this study derived the following problems when elderly people use food packaging: “The contents easily overflow when holding the container”, “It is hard to pour”, “Remnant remains after pouring”, and “It is hard to use a straw”. To address these problems, this study applied the following principles of TRIZ: principle 1 (segmentation) and principle 22 (blessing in disguise). In order to materialize the improvement plan, this study developed an elderly-friendly pouch-based packaging from the perspective of universal design. This study shows that it is possible to use the TRIZ technique in the NPD of food packaging, and that it is possible to secure commercial competitiveness from the view of universal design. This study is expected to serve as a starting point for further study on the NPD of elderly-friendly food packaging.

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