Open innovation in multinational companies' subsidiaries: the role of internal and external knowledge

2017 ◽  
Vol 11 (4) ◽  
pp. 452 ◽  
Author(s):  
Alberto Ferraris ◽  
Gabriele Santoro ◽  
Stefano Bresciani
Keyword(s):  
Open Innovation ◽  
Multinational Companies ◽  
External Knowledge

scholarly journals Containing the Not-Invented-Here Syndrome in external knowledge absorption and open innovation: The role of indirect countermeasures

2019 ◽  
Vol 48 (9) ◽  
pp. 103822 ◽  
Author(s):  
Julian Hannen ◽  
David Antons ◽  
Frank Piller ◽  
Torsten Oliver Salge ◽  
Tim Coltman ◽  
...  
Keyword(s):  
Open Innovation ◽  
External Knowledge ◽  
Knowledge Absorption

Benefiting from External Knowledge in Open Innovation Processes

2012 ◽  
Vol 3 (4) ◽  
pp. 16-27 ◽  
Author(s):  
Paul Kruse ◽  
Peter Geißler
Keyword(s):  
Knowledge Management ◽  
Literature Review ◽  
Systematic Literature Review ◽  
Open Innovation ◽  
Knowledge Sources ◽  
Specific Knowledge ◽  
External Knowledge ◽  
Innovation Processes ◽  
Internal Knowledge

The importance of knowledge management for organizations has been widely discussed in recent years. Today, only few firms can sustain their competitiveness and innovativeness by focusing exclusively on internal knowledge sources. Managing highly specific knowledge from customers, technologies, markets, etc. is now a key to innovation. However, integrating external knowledge to foster innovation faces companies with a number of challenges. This study examines the role of external knowledge in the field of open innovation. By carrying out a systematic literature review the author develops eight categories with 19 sub-categories of potential external knowledge sources. A systematization of the identified sources investigates assets and drawbacks that can be associated with the integration of such knowledge. Thereby, the article shows that research on open innovation is highly concerned about the role of external knowledge, but mainly focuses on just a few categories and tends to neglect positive and/or negative influences on competitiveness and innovativeness.

scholarly journals The Role of External Knowledge in the Innovative Activities of Agricultural Biotechnology Multinationals

Internext ◽  
2021 ◽  
Vol 16 (3) ◽  
pp. 271-288
Author(s):  
Fernanda Teixeira Franco Ribeiro ◽  
Mariane Figueira ◽  
Cristina Lelis Leal Calegario
Keyword(s):  
Agricultural Biotechnology ◽  
Multinational Companies ◽  
Annual Reports ◽  
Panel Regression ◽  
External Knowledge ◽  
Innovative Capabilities ◽  
Social Contributions ◽  
Biotechnology Sector ◽  
Interactive Variable

Objective: To evaluate the influence of external knowledge absorbed on the potential to innovate of multinational companies (MNCs), in the genetically modified (GM) seed sector from 2000 to 2018. Method: A quantitative approach was applied. Data was composed of the main patents filed by MNCs in the GM seed sector, collected from the Espacenet database, the MNCs’ annual reports, and the INPI database. Variables were analyzed using panel regression model. Main results: Results showed that the MNCs’ own resources, as well as the external knowledge absorbed were individually significant. The Interactive variable was not significant in the model. Relevance/ Originality: In addition to addressing literature gaps related for instance to the need to investigate the factors that influence the generation of innovation in multinationals, the present study focused on the agricultural biotechnology sector, which is of paramount importance for the innovations generated in agriculture.  Theoretical contributions: This study contributes by filling literature gaps related to the need to understand how important is the influence of the external knowledge and resources to the innovative capabilities of MNCs. Social contributions: This paper helps managers be conscious of the fact that innovation is not only developed internally, involving the MNC’s own network, but in fact, innovation requires relationships with other companies, allowing the access of external knowledge and resources.

R&D Cooperation with External Partners and Implementing Open Innovation

2013 ◽  
Vol 1 (2) ◽  
pp. 103-124
Author(s):  
Daria Podmetina ◽  
Maria Smirnova
Keyword(s):  
Open Innovation ◽  
A Company

This paper addresses the role of R&D cooperation with external partners in companies implementing inbound and outbound open innovation. The results of the survey of 206 companies show that the cooperation with external partners is different in companies implementing inbound, outbound, and coupled open innovation compared to closed companies oriented towards internal R&D. Increased importance, success, and intensity of cooperation with external partners are observed for companies with internal R&D and inbound, outbound, and coupled open innovation compared to other firms. The more a company implements open innovation, the higher the intensity, importance, and success of cooperation with external partners are. The importance and success of cooperation with domestic partners is higher than for cooperation with foreign partners for all types of companies.

Knowledge creation in small building and construction firms

2013 ◽  
Vol 1 (1) ◽  
pp. 125-142 ◽  
Author(s):  
Susanne Durst ◽  
Ingi Runar Edvardsson ◽  
Guido Bruns
Keyword(s):  
Construction Industry ◽  
Knowledge Creation ◽  
Vital Role ◽  
Knowledge Sources ◽  
Structured Interviews ◽  
Construction Firms ◽  
External Knowledge ◽  
Body Of Knowledge ◽  
Small Building

Studies on knowledge creation are limited in general, and there is a particular shortage of research on the topic in small and medium-sized enterprises (SMEs). Given the importance of SMEs for the economy and the vital role of knowledge creation in innovation, this situation is unsatisfactory. Accordingly, the purpose of our study is to increase our understanding of how SMEs create new knowledge. Data are obtained through semi-structured interviews with ten managing directors of German SMEs operating in the building and construction industry. The findings demonstrate the influence of external knowledge sources on knowledge creation activities. Even though the managing directors take advantage of different external knowledge sources, they seem to put an emphasis on informed knowledge sources. The study´s findings advance the limited body of knowledge regarding knowledge creation in SMEs.

scholarly journals Exploring the Role of Islamic Fintech in Combating the Aftershocks of COVID-19: The Pen Social Innovation of the Islamic Financial System

2021 ◽  
Vol 7 (2) ◽  
pp. 136
Author(s):  
Mustafa Raza Rabbani ◽  
Abu Bashar ◽  
Nishad Nawaz ◽  
Sitara Karim ◽  
Mahmood Asad Mohd. Ali ◽  
...  
Keyword(s):  
Financial Services ◽  
Open Innovation ◽  
Financial Stability ◽  
Social Innovation ◽  
Global Financial Crisis ◽  
Financial System ◽  
Real Economy ◽  
Business Context ◽  
The World

The purpose of the current study is to investigate the role of the Islamic financial system in recovery post-COVID-19 and the way Fintech can be utilized to combat the economic reverberations created by COVID-19. The global financial crisis of 2008 has established the credentials of the Islamic financial system as a sustainable financial system which can save the long run interests of the average citizens around the world while adding value to the real economy. The basic ethical tenets available in the Islamic financial system make it more suited and readymade to fight the economic aftershocks of a pandemic like COVID-19. The basic principles of ethical Islamic finance have solid connections to financial stability and corporate social responsibility within the wide-reaching business context. With the emergence of Financial technology (Fintech) it has provided a missing impetus to the Islamic financial system to compete on equal ground with its conventional counterpart and prove its mettle. The study uses discourse analysis along with the content analysis to extract content and draw a conclusion. The findings of the study indicate that COVID-19 pandemic has provided the opportunity for the social and open innovation to grow and finance world have turned to open innovation to provide a speedy, timely, reliable, and sustainable solution to the world. The findings of the study provide significant implications for governments and policy makers in efficient application of Fintech and innovative Islamic financial services to fight the economic consequences of the COVID-19 pandemic.

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