scholarly journals The Effect of Open Innovation Implementation on Small Firms’ Propensity for Inbound and Outbound Open Innovation Practices

2020 ◽  
Author(s):  
P. Naruetharadhol ◽  
W.A. Srisathan ◽  
C. Ketkaew
Keyword(s):  
Open Innovation ◽  
Structural Equation ◽  
Small Firms ◽  
Positive Impact ◽  
Limited Resource ◽  
Organisational Structure ◽  
Innovation Implementation ◽  
Data Set ◽  
Variable Influence ◽  
Innovation Practices

Small- and medium-sized enterprises (SMEs) face limited resource capability to implement open innovation. Understanding a robust mechanism of knowledge management, organisational structure, and networks can benefit managerial and organisational drivers to achieve open innovation in general. The paper sheds the new light in developing the open innovation implementation as a latent endogenous variable influence inbound OI and outbound OI. We used structural equation modelling (SEM) on a data set of 636 Thai SMEs. The results reveal that open innovation implementation reflected by managerial and organisational dimensions has a positive impact on contributing to both inbound and outbound OI. A key finding is that open innovation’s diffusion helps SMEs to overcome their technological capabilities to implement OI.

scholarly journals WHAT DOES OPEN INNOVATION MEAN? BUSINESS VERSUS ACADEMIC PERCEPTIONS

2019 ◽  
Vol 23 (01) ◽  
pp. 1950002 ◽  
Author(s):  
ROMAN TEPLOV ◽  
EKATERINA ALBATS ◽  
DARIA PODMETINA
Keyword(s):  
Open Innovation ◽  
Conceptual Development ◽  
Theoretical Concept ◽  
Business Community ◽  
Innovation Implementation ◽  
Academic Perceptions ◽  
Innovation Practices

Since the first appearance of ‘open innovation’ as a theoretical concept in 2003, the debates on its essence still continue among academics, while its interpretations within the business community also seem to differ from one company to another. Using a survey of 251 companies operating in Europe, in this research, we compare the perceptions of open innovation that exist within both the academic and business worlds, to assist in the conceptual development of the phenomenon. Our research reveals a mismatch in these perceptions, as only a few activities counted as ‘open’ by innovation scholars appear to affect companies’ self-reported state of open innovation implementation. Moreover, our research has shown differences in the interpretation of open innovation among companies of different sizes. Only free revealing, acknowledged by scholars as one of the open innovation practices, has been recognised as such a practice by all the studied firms. This paper contributes to conceptualisation of ‘open innovation’ and shares practical insights on bridging academia and business perceptions of it.

Impact of business model innovations on SME’s innovativeness and performance

2019 ◽  
Vol 14 (4) ◽  
pp. 521-539 ◽  
Author(s):  
Rimantas Gatautis† ◽  
Egle Vaiciukynaite ◽  
Asta Tarute
Keyword(s):  
Business Model ◽  
Structural Equation ◽  
Positive Impact ◽  
Equation Modeling ◽  
Future Research ◽  
Data Set ◽  
Content Type ◽  
Innovation Activities ◽  
Organizational Inertia ◽  
Multiple Characteristics

Purpose Business model innovations (BMIs), their drivers and outcomes are attracting increasing attention in academic literature. However, previous studies have mainly focused on large companies, while knowledge of BMI in small-to-medium-sized enterprises (SMEs) is limited. Therefore, the purpose of this paper is to add new insights into how related BMI drivers, practices and outcomes are in relation to SMEs. Design/methodology/approach An extensive review of the existing literature was performed. Consequently, the relationships between BMI drivers, BMI practices and outcomes of BMI were developed as a conceptual framework. An empirical study was carried out. A structural equation modeling (SEM) procedure was used to empirically test the model using a quantitative data set of Lithuanian SMEs (n=73). Findings The study provides insights into the relations between BMI drivers, BMI practices and outcomes of BMI in SMEs. The findings of SEM, four drivers (innovation activities, strategic orientation, market and technology turbulence, respectively) are indicated to contribute to BMI of SMEs. In addition, the results proved that the implementation of BMI practices leads to strategic and architectural changes in firms and has a positive impact on SMEs performance and innovativeness. Research limitations/implications Empirical research is focused on a limited number of internal and external BMI drivers, which have an influence on BMI in SMEs from one geographical region. Consequently, there are many external and internal BMI drivers which also may have an influence on BMI in SMEs, such as industry life cycle, organizational inertia and leadership. Meanwhile, SMEs possess multiple characteristics, i.e. a phase of maturity, gender of CEO, firm size and industry; therefore, the aforesaid aspects are considered to be significant limitations. In addition, the importance of SMEs characteristics as mediators for the effects on a firm’s performance and innovativeness should be considered in future research avenues. Practical implications Findings of this research can be used by SME managers to better understand how firms might actively engage in BMI practices, what drivers lead to BMI and, in turn, affect their firm’s performance and innovativeness. SME managers should be encouraged to pay attention to strategic and architectural changes of BM that can contribute to enterprise performance and innovativeness. Originality/value This paper adds to the stream of BMI research by empirically exploring drivers and outcomes of BMI in SMEs. In addition, this paper fulfills research gaps proposed by Bouwman et al. (2018), Foss and Saebi (2017), Heikkilä, Bouwman and Heikkilä (2018) and Lambert and Davidson (2013), and enhances the current overall understanding of BMIs.

Improving firm performance through inter-organizational collaborative innovations

2018 ◽  
Vol 56 (6) ◽  
pp. 1167-1182 ◽  
Author(s):  
Miguel Hernandez-Espallardo ◽  
Fabian Osorio-Tinoco ◽  
Augusto Rodriguez-Orejuela
Keyword(s):  
Firm Performance ◽  
Open Innovation ◽  
Structural Equation ◽  
Strong Support ◽  
Equation Model ◽  
Data Set ◽  
Content Type ◽  
Mediating Role ◽  
Innovation Culture ◽  
Collaborative Innovation

Purpose The purpose of this paper is to add to the existing knowledge about how firm performance is influenced by their involvement in collaborative innovation. The contextual resource-based dimensions improve the participating firm’s performance through its impact on the job-related attitudes of the firm’s personnel. Design/methodology/approach Hypotheses were tested using structural equation model to analyze a set of data collected through surveys among a sample of Colombian manufacturers. Findings This study provides empirical evidence that contributes to the scarce research in the open innovation arena about how human resources influence performance in the inter-organizational collaborative innovations. In particular, it offers strong support for the key mediating role of the employees’ job-related attitudes in the relationship between complementary capabilities and innovation culture as value-creating conditions, and the participating firm’s ultimate sales and financial performance. Research limitations/implications The results may be affected by the context of the data set. Further studies considering the influence of specific contextual variables, such as the type of innovation, the national culture or the type of partner, could yield richer insights that would help validate the results of this study. Practical implications This study provides useful information for managers. As well as creating the required conditions to add value in the collaborative innovation, they should work to guarantee the better job-related outcomes for the employees involved in collaborative innovation projects. Originality/value This research contributes to the open innovation literature. It posits the employee’s attitudes toward collaborative innovations as a factor of the utmost importance in determining how the external collaboration affects internal performance.

scholarly journals Innovation Practices for Enhancing Small and Medium-Sized Enterprises’ (SMEs) Performance and Survival during Coronavirus (COVID-19) Epidemic Crisis: The Moderating Role of External Support

2020 ◽  
Author(s):  
Nawal Abdalla Adam ◽  
Ghadah Abdulrahman Alarifi
Keyword(s):  
Structural Equation ◽  
Positive Impact ◽  
Small And Medium Enterprises ◽  
Vital Role ◽  
External Support ◽  
Equation Modeling ◽  
Online Questionnaire ◽  
Global Epidemic ◽  
Innovation Practices

Abstract Global epidemic crises, such as the coronavirus (COVID-19), usually put the lives of small and medium enterprises (SMEs) in danger. However, studies have demonstrated the vital role of innovation in improving enterprises’ performance and increasing the likelihood of their viability. This study aims to develop a theoretical model to provide insights about the association between innovation practices and the SMEs’ performance and survival while underlining the auxiliary role of external support in such a relationship. Online questionnaire has been used to collect the data from 259 randomly selected SME managers in Saudi Arabia, and the data was analyzed using SmartPLS3 software. The structural equation modeling (SEM-PLS) bootstrap results indicated that external support aids strengthen the positive impact of SMEs’ innovation practices on business survival. These findings have significant implications for policy makers and SME managers.

scholarly journals Professional Competence or Personal Relationship? Research on the Influencing Mechanism on Repeated Purchase Intention of Agricultural Resources

2020 ◽  
Vol 17 (7) ◽  
pp. 2278
Author(s):  
Lan Li ◽  
Gang Li ◽  
Junqi Chen
Keyword(s):  
Social Exchange ◽  
Purchase Intention ◽  
Structural Equation ◽  
Choice Theory ◽  
Professional Competence ◽  
Positive Impact ◽  
Personal Relationship ◽  
Survey Method ◽  
Data Set ◽  
Agricultural Resources

Based on social exchange, rational choice, and perceptual choice theory, this paper examines the influence of professional competence, personal relationship, and their interaction on repeated purchase intention in the context of rural agricultural marketing. Adopting the survey method and hierarchical regression analysis, this study tested the hypotheses with a data set of 578 farmers from China, and assessed the robustness of the results by structural equation modelling. The results show that both personal relationship and professional competence have a significantly positive impact on repeated purchase intention while the interaction between the two has a significant negative effect on repeated purchase intention. The results expose the struggle farmers experience in choosing between emotional and rational thinking when making purchasing decisions in the urbanization and industrialization process of a rural area. The results also enrich the research on the marketing of agricultural resources and have important implications to agricultural retailers.

scholarly journals Openness to innovation as a driver of knowledge integration in High-Tech SMEs, the roles of social capital and network competence

2022 ◽  
Vol 18 (1) ◽  
pp. 0-0
Keyword(s):  
Social Capital ◽  
Open Innovation ◽  
Structural Equation ◽  
Knowledge Integration ◽  
Democratic Republic Of Congo ◽  
Analytical Framework ◽  
Equation Modeling ◽  
High Tech ◽  
Network Competence ◽  
Innovation Practices

This paper studies an original analytical framework to address the implementation dynamics of open innovation practices by discussing their impacts on SMEs' social capital and knowledge integration. A total of 358 High-Tech SMEs in the Democratic Republic of Congo participated in the survey. The collected data were statistically analyzed using structural equation modeling (SEM) in Smart PLS to verify the postulated hypothesis. The results reveal that open innovation practices promote knowledge integration, and social capital partially mediates open innovation and knowledge integration capability. The results further indicate that network competence moderates the practice of open innovation and social capital interactions with external knowledge sources. The theoretical implications of this study contribute to advance the discussion on the antecedent of social capital and knowledge integration in SMEs in developing countries and propose network competence as a moderator. The study also highlights the social capital nature of open innovation and reinforces the knowledge of scholars.

scholarly journals Open Innovation Practices, Product Development and Business Performance in Manufacturing Firms

2021 ◽  
pp. 1-18
Author(s):  
Sandra Yesenia Pinzón-Castro ◽  
Gonzalo Maldonado-Guzmán ◽  
Elena Patricia Mojica-Carrillo ◽  
Rubén Michael Rodríguez-González
Keyword(s):  
Product Development ◽  
New Product Development ◽  
Open Innovation ◽  
Business Performance ◽  
New Products ◽  
Manufacturing Firms ◽  
Manufacturing Companies ◽  
Data Set ◽  
Positive Effects ◽  
Innovation Practices

In the scientific literature on innovation, there is a growing interest of researchers and academics in the analysis and discussion of the phenomenon of open innovation, as well as in the documentation of the contribution of empirical evidence of the capacities of the development of new products. However, little is known about the relationship between open innovation practices, new product development, and business performance, which is why there is a call from researchers, academics, and industry professionals, for future guidance, studies in the analysis and discussion of these three constructs through large samples that allow generalization of the results obtained, for which this research has the main objective of filling this gap in the literature through an extensive review of the literature. Likewise, a self-administered questionnaire was distributed to a sample of 460 manufacturing companies in Mexico, analyzing the data set through confirmatory factor analysis and structural equation models. The results obtained suggest that open innovation practices have significant positive effects on both the development of new products and the business performance of manufacturing companies in the automotive industry. JEL classification numbers: M31 Keywords: Open innovation practices, Product development, Firm performance, Manufacturing firms.

scholarly journals The influence of open innovation practices on business performance in Mexican family and non-family SMEs

2019 ◽  
pp. 370-378
Author(s):  
Marisela-Yazmín García-Vidales ◽  
Gonzalo Maldonado-Guzmán
Keyword(s):  
Developing Countries ◽  
Open Innovation ◽  
Structural Equation ◽  
Business Performance ◽  
Positive Influence ◽  
Equation Model ◽  
Family Smes ◽  
Mexican Family ◽  
Innovation Practices ◽  
The Relationship

Open innovation has emerged as a topic of great importance due to the recognized benefits that it brings to the company's business performance; however, it has been sparsely addressed in SMEs from developing countries. Therefore, this study aims to analyze and discuss the relationship between open innovation and business performance in family and non-family SMEs in Mexico. A survey-based study was carried out on a sample of 308 firms. Following this, the data was analyzed through a structural equation model. The results show that for these companies, the outflow and especially the inflow of external knowledge exert a positive influence on business performance.

scholarly journals The role of senior managers’ positive self-image in supporting MIS implementation

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Nahid Izadpanah Mehrkish ◽  
Susan B. Grant
Keyword(s):  
Structural Equation ◽  
Positive Impact ◽  
Implementation Process ◽  
Management Support ◽  
Senior Managers ◽  
Data Set ◽  
Content Type ◽  
Self Image ◽  
Model Efficiency ◽  
The Impact

Purpose Researchers have long been interested in how the psychology of senior managers affects their behaviours. This paper aims to present the results of a questionnaire into how positive self-image influences how well senior managers in UK manufacturing organisations support the implementation of management information system (MIS). This study developed two scales, one to measure senior managers’ attitudes and the other to measure support of MIS implementation. It also sought to investigate the impact of senior managers’ positive self-image on their support of MIS implementation in UK manufacturing organisations. Design/methodology/approach The authors tested the hypotheses on a data set of 400 senior managers from UK manufacturing organisations. Two unidimensional scales to measure senior managers’ attitude and support level towards MIS implementation were developed. Exploratory factor analysis (EFA) was used to validate the scales. The study also examined the impact of senior managers’ positive self-image on their attitude and support from the perspective of UK manufacturing organisations by using structural equation modelling. Findings The study found that senior managers’ positive self-image is a significant contributing factor to their attitude. Also, senior managers’ attitude has a strong positive impact on their support in the MIS implementation process. A strong mediating relationship was found to exist between senior managers’ positive self-image and support through their attitude towards MIS implementation. Originality/value Although past literature has examined the importance of senior managers’ attitude and support in successful MIS implementation, there has been no specific scale around management support and attitude towards MIS implementation developed to date. Thus, a contribution of this study is its development of two new scales based on a survey of senior managers of UK manufacturing organisations. The scales can be used to evaluate senior managers’ perception towards MIS implementation and the support they are willing to give whilst implementing MIS. Another contribution of this study is the analysis of positive self-image via item-parcelling which improves model efficiency and provides more stable estimates of the construct.

An exploration of an entrepreneur’s open innovation mindset in an emerging country

2018 ◽  
Vol 56 (9) ◽  
pp. 1869-1882 ◽  
Author(s):  
Alenka Slavec Gomezel ◽  
Kaja Rangus
Keyword(s):  
Financial Performance ◽  
Open Innovation ◽  
Small Firms ◽  
Positive Impact ◽  
National Database ◽  
Content Type ◽  
Individual Level ◽  
Firm Financial Performance ◽  
Entrepreneurial Alertness ◽  
Innovation And Entrepreneurship

PurposeThe purpose of this paper is to connect open innovation and entrepreneurship literature by focusing on the influence of entrepreneurs’ open innovation mindset and alertness on a firm’s financial performance in a country that has recently transitioned from socialism into capitalism.Design/methodology/approachThe study is based on a sample of 188 entrepreneurs who answered a survey about their personality characteristics in Time 1. In time 2, the authors collected firm-related data from a national database on firms’ financial statements.FindingsThe results show that an individual’s level of open innovation mindset has a positive impact on entrepreneurial alertness. The results also show an important and previously under-investigated relationship between entrepreneurial alertness and firm financial performance.Research limitations/implicationsThis study spurs research in the field of open innovation on the individual level of the entrepreneurs who have considerable influence on small firms’ results, and draws attention into the under-investigated innovation and entrepreneurship agenda in a small and transitioning country.Practical implicationsOpen innovation starts with an open innovation mindset of entrepreneurs, so entrepreneurs are those who set the open innovation path of firms.Originality/valueWhile open innovation triggered interest among business practitioners and management innovation scholars, it remained focused on management topics connected to a broad strategic setting of a firm. However, research related to entrepreneurial companies which benefit significantly from external sources of innovation has received scarce attention, and open innovation on the entrepreneur’s individual level even less so.

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