Open innovation in the manufacturing industry: A review and research agenda

Obradović, Tena; Vlačić, Božidar; Dabić, Marina

doi:10.1016/j.technovation.2021.102221

Cited by 177 publications

(109 citation statements)

References 165 publications

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“…[40,43]. At the same time, the study of sustainable development, based on the analysis of human resource management practices and Industry 4.0 (I40), revealed promising directions for improving the strategic management of industry [44]. Moreover, a number of researchers note an emerging transition from regional innovation systems to global innovation centers, which is facilitated by many factors of the macro, meso and micro levels.…”

Section: Theoretical Review 21 Theoretical and Methodological Approaches To The Study Of Strategic Innovation As A Factor Of Adaptation Omentioning

confidence: 99%

Strategic Innovation as a Factor of Adaptation of National Economies to the Development of Global Value Chains

et al. 2021

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In age of sustainable development, strategic innovations have become the most important factor in the adaptation of national economies to dynamic global changes, encompassing trade and economic relations between the leading and developing countries of the World. At the same time, the task of this study was to reveal the complex and contradictory role of strategic innovations in the development of national economies against the background of the transformation of global value chains (GVCs). Main methods for solving the problem were empirical methods of comparative and structural analysis, as well as econometrics. The study analyzed 44 countries classified by the World Bank in the group of countries with per capita incomes below and above the average, as well as with high income. Results of the calculations made it possible to establish a highly differentiated relationship between the share of products manufactured by foreign companies operating in the host countries, on the one hand, and indicators of the dynamics of foreign direct investment (the number of researchers engaged in R&D, the number of technical specialists involved in research and development (R&D), the cost of research and development in the territory of the host countries), on the other hand. This made it possible to determine the role of strategic innovation in the adaptation of national economies. The established dependencies expand the understanding of the role of strategic innovations in the formation and further development of global value chains and their significance in evolution: from process and product innovations of individual companies to the formation of global innovation ecosystems.

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Section: Theoretical Review 21 Theoretical and Methodological Approaches To The Study Of Strategic Innovation As A Factor Of Adaptation Omentioning

confidence: 99%

Strategic Innovation as a Factor of Adaptation of National Economies to the Development of Global Value Chains

et al. 2021

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“…As digitization progresses, the openness of information and technology has expanded, and the importance of open innovation is also emphasized [58][59][60][61][62][63]. Adopting existing external knowledge and technologies contributes to business growth [64][65][66].…”

Section: Crowdfunding Collective Intelligence and Open Innovationmentioning

confidence: 99%

The Crowdfunding Model, Collective Intelligence, and Open Innovation

Pyo¹,

Ma²,

Na³

et al. 2021

Journal of Open Innovation: Technology, Market, and Complexity

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In recent years, crowdfunding has attracted the attention of tech startups. It has become a good alternative way to readily raise funds, especially during the early startup stages. However, in the case of mass intelligence, it is quite difficult to ensure the accuracy and reliability of knowledge. Individual investors who are not experts in science and technology often face difficulties investing in technology companies. In this regard, a new type of collective intelligence formed by accredited professionals needs to be attempted. This paper explores an alternative crowdfunding model for enhancing access to technology investments by the general population through an investor acceptance model. We developed an investor acceptance model to examine how the crowdfunding model involving scientists and engineers is adopted by individual investors using survey data from the general population. The results revealed that individual investors have a positive attitude towards investing through the crowdfunding model when they perceive that the information provided by a group of scientific experts is useful. We found that the perceived usefulness of the information from scientists and engineers is affected by the perceived quality of the information and perceived credibility of the scientists and engineers. We also suggest a basic concept for the crowdfunding model utilizing the collective intelligence of scientists and engineers for tech startups. The results could suggest a policy direction for promoting innovation.

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“…The current trade friction between China and the United States and the outbreak of the new crown pneumonia have caused the global economy to continue to downturn [16]. The cut-off of certain "stuck neck" technologies has caused the entire industrial chain to break, with the effect of "one sword sealing the throat" [17]. The situation that key core technologies, key links in the production process, and key components are controlled by others has not been completely reversed [18].…”

Section: Introductionmentioning

confidence: 99%

Chain Innovation Mechanism of the Manufacturing Industry in the Yangtze River Delta of China Based on Evolutionary Game

Zhao

2021

Sustainability

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It is of great theoretical and practical significance to achieve high-quality development that promotes the transformation of digestion, absorption, and re-innovation to an independent innovation model, actively participating in the restructuring of the industrial chain, and enhancing the status of the Yangtze River Delta in the global innovation chain. This study constructs a tripartite evolutionary game model of collaborative innovation led by the government, participated by upstream enterprises and downstream enterprises. Moreover, this article analyzes the strategic choices of the tripartite entities in the process of collaborative innovation, and the simulation analyzes the influencing factors of the government, upstream enterprises, and downstream enterprises’ collaborative innovation strategy selection. The results indicate that the government, upstream enterprises, and downstream enterprises have different degrees of influence on each other’s willingness to participate. In addition, the analysis proves that government policy support and financial support have different impacts on upstream enterprises and downstream enterprises.

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Open innovation in the manufacturing industry: A review and research agenda

Cited by 177 publications

References 165 publications

Strategic Innovation as a Factor of Adaptation of National Economies to the Development of Global Value Chains

Strategic Innovation as a Factor of Adaptation of National Economies to the Development of Global Value Chains

The Crowdfunding Model, Collective Intelligence, and Open Innovation

Chain Innovation Mechanism of the Manufacturing Industry in the Yangtze River Delta of China Based on Evolutionary Game

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