Abstract
Involvement in different open innovation activities by using inflows and outflows of knowledge becomes the important premise for a successful business. However, on a global scale, open innovation literature does not pay enough attention to the international dimension, which is essential when seeking to increase the performance of overseas firm’s activities. Therefore, the paper aims to highlight coherences of open innovation and internationalization by analyzing knowledge intensive SMEs in Lithuania. Referring to case studies approach it is disclosed how much firms are open in performing innovative activities by collaborating, how they share knowledge, what main profiles of national and foreign partners are and how open innovation is applied in internationalizing firm’s activity. The research results indicated that firms while innovating were mostly focused on the R&D ecosystem oriented and innovation and entrepreneurship ecosystem oriented networks at the national level . However, when internationalizing firm’s activities, the preference to the international value chain oriented innovation network was disclosed. It contributes to the theory of open innovation from the knowledge intensive firms’ internationalization point of view, especially in the understanding of open innovation’s role in pursuing fast development in foreign markets while providing further knowledge on internationalization of firms originating from Baltic region area. DOI: http://dx.doi.org/10.5755/j01.ee.27.5.15371
Highlights
Due to trade liberalization in the globalizing world, declining cost of transportation and significant technological innovation, the competition among worldwide businesses is constantly growing
Research has shown that the most important success determinant in internationalization is how well the firm is connected to foreign partners, customers, and suppliers (Johanson & Vahlne, 2009; Chetty & Stangl, 2010), i.e., how much a firm is open to partnerships
The phenomenon of open innovation is strengthened by growing globalization volumes in research, technologies, and innovations, which are stimulated by new information, communication technologies, new forms of organizations and business models (Lichtenthaler, 2011)
Summary
Due to trade liberalization in the globalizing world, declining cost of transportation and significant technological innovation, the competition among worldwide businesses is constantly growing. While using the strategy of open innovation, firms take part in knowledge networks, which can consist of international partners. Such international relations can help knowledge intensive firms to faster adapt their internal structures in pursuing to conquer foreign markets (Ejler et al, 2012), develop capital of international relations as well as to easier and faster estimate the potential of opportunities provided by the international market. How is open innovation approach adopted at knowledge intensive SMEs in Lithuania? The aim of this paper is to provide theoretical and empirical implications on adopting open innovation in the internationalization process of knowledge intensive SMEs. The paper is structured as follows. The final section integrates conclusions of the study followed by the limitations and future research directions
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