Abstract
It is believed that open innovation implementation could help SMEs to compete in the global market. To do so, the mapping of innovation ecosystem is needed as the precursor to any open innovation initiatives. Previous studies show that there is a similarity between the innovation process and the value chain. Interestingly, there have only been a few studies that try to explore the relationship between the innovation process and the value chain. This paper attempts to map an innovation ecosystem using the value chain analysis approach. This paper, explores the use of value stream mapping (VSM) as an alternative tool to comprehend the innovation ecosystem in the form of an industry cluster. Specifically, the paper tries to understand the nature of the innovation ecosystem of Cibaduyut shoe industry, which is an Indonesian industry cluster, by performing VSM. This knowledge, further, will be used for strategising individual open innovation initiatives and various policies.
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