This paper attempts to deepen understanding of the relationship between open innovation (OI) and firm performance in small and medium-sized enterprises (SMEs). Based on survey data from 306 Korean innovative SMEs, the results of this study show that: (1) broad and intensive engagement in OI and cooperation with external partners are positively associated with firm performance; (2) technology and market-oriented OI modes (Joint R&D, user involvement and open sourcing), involving relatively low level of changes, can positively contribute to performance enhancement; and (3) innovative SMEs benefit from working with non-competing partners, such as customers, consultancy/intermediaries and public research institutes. This work has broadened the evidence available on SMEs’ OI adoption and has proposed a new way to study OI adoption and implementation.
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Open innovation in Japan: A noticeable change?
For the past 7 years, I have been visiting Japan each year to work with colleagues in Kyoto on various projects relating to the management ...
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For the past 7 years, I have been visiting Japan each year to work with colleagues in Kyoto on various projects relating to the management ... -
In 2006, we started publishing the results of our research on how to make ‘asymmetric’ partnerships work. Our work was focused o... -
Earlier today I attended one of Axel Rosenø 's Innovation Roundtable workshops, this one being on the topic of Technology Enabled Bu...