Open Innovation Orientation and Sustainability of Smes: Do Entrepreneurial Orientation and Resource Bricolage Matter?

Jayawardhana, Kumudu

doi:10.23925/2179-3565.2020v11i4p127-146

Cited by 3 publications

(3 citation statements)

References 70 publications

(82 reference statements)

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“…The study employed the World Bank's criterion in describing SBEs, which are defined as businesses operating with less than 99 employees (Jayawardhana, 2020). Therefore, to qualify for participation, the SBEs needed to meet the World Bank's criterion and also be a manufacturing business, as the study targeted SBEs in manufacturing.…”

Section: Methodsmentioning

confidence: 99%

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Achieving competitive advantage through bricolage: A small business perspective

Abukari,

Wenyuan,

Pomegbe

et al. 2023

Bus Strat Dev

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The entrepreneurial bricolage theory has been connected to a wide range of organizational phenomena, including innovation, firm performance, social entrepreneurship, and opportunity identification. Regrettably, research in this domain is yet to significantly heighten understanding of its connection to competitive advantage, which has been touted as the ultimate goal of any strategic business. This study reverses this trend by looking at the impact of entrepreneurial bricolage on competitive advantage as well as the mediating effect of resource orchestration capability in the relationship. Based on survey data administered to 413 small business enterprises (SBEs), structural equation modeling was used to analyze the results. Results show that entrepreneurial bricolage was significantly related to competitive advantage. Resource orchestration capability partially mediated the relationship between entrepreneurial bricolage and competitive advantage. A novel finding of this study documents resource orchestration capability and entrepreneurial bricolage as antecedents of competitive advantage, which has been missing in prior literature. The study concludes with theoretical and managerial implications and also proffers future research direction.

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Section: Methodsmentioning

confidence: 99%

“…Compared with larger firms, it is obvious that SBEs are mostly challenged with inadequate resources, implying that they should be judicious in their application of resources (Jayawardhana, 2020) to attain competitive advantage. This is where the resource orchestration perspective comes into the picture.…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Achieving competitive advantage through bricolage: A small business perspective

Abukari,

Wenyuan,

Pomegbe

et al. 2023

Bus Strat Dev

View full text Add to dashboard Cite

show abstract

“…Багато вітчизняних та зарубіжних вчених акцентують на значенні сталого розвитку в контексті інноваційного управління [28][29][30][31][32]. Більше компаній розглядають соціальну, економічну та екологічну відповідальність як невіддільну частину своєї стратегії.…”

Section: постановкаunclassified

Systemic-Innovative Approach to Corporate Governance: Aspects of Sustainable Development and Time Management

FEDOTOVA,

BOCHAROVA

2023

ЕТК

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This paper addresses the challenges faced by transport and logistics enterprises in the context of armed conflicts and operational restrictions. It explores the significance of innovative governance and sustainable development in this context. The role of road transport enterprises in the recovery and sustainable development of the country is highlighted, along with the importance of corporate time management and the integration of sustainable development principles to achieve efficiency and sustainability in the face of challenges. Theoretical research of existing approaches to corporate governance is conducted, emphasizing the importance of innovative management and sustainable development for enterprises. It identifies the absence of an innovative-oriented corporate governance system and the necessity for a comprehensive approach that combines sustainable development, time management, and innovative practices to achieve balance in corporate governance systems within the transport and logistics sector. The objective of this work is the development of a model for an innovative-oriented corporate governance system at road transport enterprises based on the integration of sustainable development principles and effective corporate time management. The enhanced corporate governance system, within the context of transport and logistics enterprises, is designed according to external environmental factors and incorporates key aspects of corporate governance. The influence of the external environment on the construction of corporate governance systems is grounded in the examination of economic, socio-political, and environmental factors that shape strategic approaches and corporate functioning. The management object is the transport and logistics sector enterprise, which requires effective management of its activities and resources for sustainable development. The management subject includes the leadership and owners of the enterprise, responsible for strategic planning, policy development, and their practical implementation. The proposed corporate governance system, based on a systemic approach, includes essential subsystems: strategic innovative management to ensure sustainable development, environmental management, social management, economic management, innovative management, supply chain management, stakeholder engagement, and functional subsystems. Functional management encompasses overseeing different functional areas, such as finance, marketing, production, among others. Each of these subsystems has specific tasks and interconnections to facilitate effective management and achieve the strategic objectives of the enterprise. The suggested corporate governance system will assist road transport enterprises in ensuring sustainable development, optimizing resource management, and maintaining competitiveness in a dynamic external environment.

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Antecedents and consequences of open innovation: a conceptual framework

Malodia

Chauhan

Jabeen

et al. 2023

IJEBR

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PurposeEntrepreneurship across sectors has been impacted by the paradigm of open innovation in the last few decades. Although Open Innovation is argued to impact firm performance the strategic building blocks of open innovation are not discussed in the prior literature. This study aims to conceptualize open innovation and identify the antecedents and outcomes of open innovation.Design/methodology/approachUsing a qualitative study based on open-ended essays solicited from 47 SMEs and startups based out in Europe and the USA, the authors propose an overarching conceptual framework using a theoretical sampling approach adopted to establish data saturation and data analysis was carried out using thematic coding. Market place evidence was used for triangulation of the authors’ research framework and to establish the validity of the constructs.FindingsBuilding on the entrepreneurial bricolage theory, this study proposes bricolage and Platformization of innovations as antecedents to open innovation. The study also conceptualizes open innovation by identifying three underlying dimensions for open innovation. Next, the study proposes a positive association between open innovation and firm performance. Finally, the authors discuss relevant implications with future research directions of the study.Practical implicationsThe practical implication is the development of a sustained competitive advantage enhancing framework for entrepreneurial ventures with the help of open innovation.Originality/valueWith the application of the developed framework for the entrepreneurial ventures, a set of strategic activities related to open innovation can be proposed that would help these ventures to enhance their innovation and marketing capabilities, thereby helping them with a sustained competitive advantage. The present study would also help the policymakers to frame policies that help the firms with a shift toward open innovation.

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Open Innovation Orientation and Sustainability of Smes: Do Entrepreneurial Orientation and Resource Bricolage Matter?

Cited by 3 publications

References 70 publications

Achieving competitive advantage through bricolage: A small business perspective

Achieving competitive advantage through bricolage: A small business perspective

Systemic-Innovative Approach to Corporate Governance: Aspects of Sustainable Development and Time Management

Antecedents and consequences of open innovation: a conceptual framework

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