A review of literature on open innovation in small and medium-sized enterprises

Hossain, Mokter

doi:10.1186/s40497-015-0022-y

Cited by 97 publications

(102 citation statements)

References 68 publications

(101 reference statements)

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“…In 2006, Chesbrough and colleagues defined OI as a set of practices for profiting from innovation but also a cognitive model for creating, interpreting, and researching those practices (Solesvik & Gulbrandsen, 2013). All definitions are based on the idea that valuable novelties related to the path to market can come from inside as well as outside the organization .Various objects of OI exist including business model, product, technological, and transfer management (Hossain, 2015).…”

Section: Open Innovationmentioning

confidence: 99%

Open Innovation, a Tool for Globalization: The Case of South Korean SMEs

Jeon¹,

Degravel

2019

JMPP

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This study explores the phenomenon of open innovation in high tech Korean SMEs. Which mechanisms do lead SMEs to choose a specific model of innovation? The paper includes a literature review as well as an empirical study of internationalized SMEs, based on in-depth interviews, observations, and documents. Open innovation does not always constitute the best model of innovation solution for all SME. This paper proposes a model for assessing the fit between a company and the various models of innovation, and a strategic guide to design an innovation model for successful collaboration with the best partners. REVIEW OF LITERATURE Globalization Globalization is a broad concept used to describe a variety of phenomenon that reflect the developed economic, social, and political interdependence of countries (Nik Ab Halim & Zain, 2011). Despite growing awareness, there is no generally accepted definition and no standard measurement of globalization (Asmussen, Pedersen, & Petersen, 2007). We define in this paper globalization as the efficient movement of goods, services, capital, people, and ideas across national borders (Little & Green, 2009). Globalization translates into a large range of business modalities for organizations that share a common trait: something or someone is crossing borders. A classic typology is such modalities includes exportation and importation; foreign direct investment; international partnerships; international licensing and franchising; and contract-based operations (Hill & Jones, 2012; Archibugi & Iammarino, 2002). Organizational size appears to differentiate the benefit of globalization for companies: globalization tends to benefit large firms compared to SMEs because scale advantages allow large firms to create new opportunities and to benefit from a larger amount of resources to optimize their operations. As a

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Section: Open Innovationmentioning

confidence: 99%

Open Innovation, a Tool for Globalization: The Case of South Korean SMEs

Jeon¹,

Degravel

2019

JMPP

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“…Oakey (2013) criticizes Chesbrough for exaggerating the applicability of open innovation systems because R&D is often long-term, expensive and always risky and requires necessary protection of outcomes. He argues that closed innovation is still an effective way for R&D investment (Hossain, 2015).…”

Section: Open Innovationmentioning

confidence: 99%

The interplay between new technology based firms, strategic alliances and open innovation, within a regional systems of innovation context. The case of the biotechnology cluster in Belgium

Segers¹

2015

J Glob Entrepr Res

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Purpose: New technology based firm (NTBF) survival and growth are connected with strategic partnering alliances and open innovation within technology clusters. Strategic partnerships in the biotechnology industry allow new technology based firms to gain a foothold in this high-cost, high-risk industry. In this article, we examine the impact of strategic partnerships and open innovation on the success of new biotechnology firms in Belgium by developing multiple case studies of firms in regional biotechnology clusters. A longitudinal follow up of the Belgian biotech startup ecosystem is presented. We find that, despite their small size and relative immaturity, new biotechnology firms are able to adopt innovative business models by providing R&D and services to larger firms and openly cooperating with them through open innovation.Design/methodology/approach: This is a theory-driven paper with suggested theoretical model and case study research design.Originality/value: Although the literature on strategic partnerships is well developed, the majority of studies focus on large, established firms. There is absence of studies that look at strategic partnershipsand specifically the role of open innovationin the development of small and innovative biotechnology firms. This article addresses this gap in the literature with a focus on new firms in the biotechnology cluster in Belgium, where there is a growing trend towards technological and market-driven relationships between large and small biotechnology firms. Practical implications: Our conclusion is that the future of new biotechnology firms in Belgium lies in the effective establishment of strategic partnering alliances. In future research, the impacts of open innovation and novel business models warrant further attention.

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“…In Silicon Valley, the unspoken rule is within 60 miles of driving distance. As for China and other regions, it is within a day trip [3].…”

Section: Hong Kong Enterprises As "External Party"mentioning

confidence: 99%

Strengths and weaknesses of Hong Kong's technology and innovation industry with reference to the extended open innovation model

Yan

2013

Journal of Science and Technology Policy in China

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2013),"Strengths and weaknesses of Hong Kong's technology and innovation industry with reference to the extended open innovation model"If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. AbstractPurpose -This study aims to provide an analysis of Hong Kong's strengths and weaknesses in developing its technology and innovation industry. Design/methodology/approach -It briefly discussed the "extended open innovation" model on the basis of Chesbrough's "open innovation" model to explicitly highlight the elements associated with different stages throughout the whole spectrum of innovation processes. Findings -The model is then illustrated with Hong Kong's unique experience to gain insights for various stakeholders on how open innovation could be used beyond research and development activities and how Hong Kong could benefit from this paradigm shift. Originality/value -The extended open innovation model can be used as a framework to address the development of the technology and innovation industry.

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A review of literature on open innovation in small and medium-sized enterprises

Cited by 97 publications

References 68 publications

Open Innovation, a Tool for Globalization: The Case of South Korean SMEs

Open Innovation, a Tool for Globalization: The Case of South Korean SMEs

The interplay between new technology based firms, strategic alliances and open innovation, within a regional systems of innovation context. The case of the biotechnology cluster in Belgium

Strengths and weaknesses of Hong Kong's technology and innovation industry with reference to the extended open innovation model

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