2022
DOI: 10.1111/jpim.12647
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Configurations of social media‐enabled strategies for open innovation, firm performance, and their barriers to adoption

Abstract: The use of social media offers tremendous innovation potential. Yet, while current research emphasizes success stories, little is known about how firms can leverage the full potential of their social media use for open innovation. In this

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Cited by 14 publications
(9 citation statements)
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References 113 publications
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“…The findings reveal a positive correlation between organizational innovation and organizational performance. This finding corresponds to Rahman (2023), Liu et al (2023), and Barlatier et al (2023), who support the idea that innovation has a positive impact on company performance. Their findings focus on product innovation, encompassing the introduction of new products and the launch of Posppay financial service products.…”
Section: Discussionsupporting
confidence: 86%
“…The findings reveal a positive correlation between organizational innovation and organizational performance. This finding corresponds to Rahman (2023), Liu et al (2023), and Barlatier et al (2023), who support the idea that innovation has a positive impact on company performance. Their findings focus on product innovation, encompassing the introduction of new products and the launch of Posppay financial service products.…”
Section: Discussionsupporting
confidence: 86%
“…As a result, firms achieve growth and sustainability (Cao, Le, & Nguyen, 2022;Farrukh, Raza, and Waheed, 2023). Researchers believe firms can handle environmental challenges by incorporating technical and non-technical innovations to achieve organizational goals and sustainability (Barlatier et al, 2023). Similarly, Zhang (2023) argues that organizational innovation gives a competitive advantage to firms, resulting in increased organizational performance (Chaubey, Sahoo, & Das, 2022).…”
Section: Organizational Innovation and Firm Performancementioning
confidence: 99%
“…Meanwhile, social media platforms facilitate user engagement, allowing individuals and organizations to actively participate in knowledge sharing, co-creation, discussions and modification of user-generated content (Arora et al, 2021;Barlatier et al, 2023). Additionally, digital platforms and social media have transformed communication channels and consumer engagement strategies, giving firms unparalleled opportunities for client interaction and innovative idea generation.…”
Section: Introductionmentioning
confidence: 99%