Abstract
Open innovation has provided more opportunities and broader space for Small- and Medium- sized Enterprises (SMEs for short) in innovative practices, but also brought new challenges to SMEs. Focusing on the performance of SMEs in open innovation, this paper conducts a literature commentary from several aspects including innovation performance, constraints, impact and strategy of improving open innovation performance of SMEs on the basis of systematic domestic and foreign literature review. The paper also points out the direction for future research.
Highlights
Open innovation theory was first proposed by Henry in 2003, who was the director of Harvard Business School Technology Management Center
Open innovation of Small- and Medium-sized Enterprises (SMEs) shows a completely different characteristic with large enterprises, and combing the literature on open innovation performance of SMEs can indicate the direction of future research, it is of great theoretical and practical significance to enhance the enterprises’ independent innovation capacity of SMEs and promote the development and improvement of open innovation theory
This paper shows the dynamic process of enterprise innovation performance evaluation based on its innovation connotation evolution
Summary
Open innovation theory was first proposed by Henry in 2003, who was the director of Harvard Business School Technology Management Center. He proposed that enterprises in innovation process should take full advantage of innovative resources both from internal and external, and focus on promoting the role of external ideas and external market channels to an important position as internal idea and internal market channels under closed innovation mode. (2014) The Review of SMEs Open Innovation Performance. The massive exterior innovation resources can provide SMEs with fresh blood of innovation and a broader space for innovation activity. Open innovation of SMEs shows a completely different characteristic with large enterprises, and combing the literature on open innovation performance of SMEs can indicate the direction of future research, it is of great theoretical and practical significance to enhance the enterprises’ independent innovation capacity of SMEs and promote the development and improvement of open innovation theory
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