Impact Of Open Innovation Research Articles

The Impact of Open Innovation on the Performance of Multinational Corporations in Emerging Markets: an Empirical Study

The Impact of Open Innovation on the Performance of Multinational Corporations in Emerging Markets: an Empirical Study

Impact of Open Innovation on Startup Success in Developing Countries

Impact of Open Innovation on Startup Success in Developing Countries

The impact of open innovation on international revenues: the moderating roles of digital transformation and strategic differentiation

The impact of open innovation on international revenues: the moderating roles of digital transformation and strategic differentiation

The impact of open innovation on firms’ performance in bad times: evidence from COVID-19 pandemic

The impact of open innovation on firms’ performance in bad times: evidence from COVID-19 pandemic

Assessing the effect of open innovation on firm performance: a study of Indian IT organisations

PurposeThere is a growing interest among academics, government agencies and private organisations to examine the scale, characteristics, and impact of Open Innovation (OI). Studies have examined these issues mainly in the context of a developed world. Because firms in developing economies face unique challenges of OI such as building networks, inter-firm interactions, collaboration for resource utilisation and knowledge sharing, these warrant an examination of the theoretical relationships between the antecedents of OI and their impact on performance as well as mediators of these relationships. Therefore, this study develops a comprehensive OI framework to measure open innovation and analyse its effect on the innovation performance of Indian IT organisations.Design/methodology/approachTheoretically, the study draws upon the Resource-Based View, Relational View, and Absorptive Capacity theories. Empirically, a survey questionnaire was distributed to Indian IT organisations through the online survey tool “Qualtrics”. The research framework was tested using the data collected from 346 Indian IT organisations.FindingsThe results highlight the positive effect of OI activities on innovation performance and the mediating role of absorptive capacity. IT organisations with a higher inbound knowledge and absorptive capacity demonstrated better innovation performance.Research limitations/implicationsThis study is limited to understanding the mediating effect of absorptive capacity for inbound innovation. Future studies into the mediating role of desorption capacity could reveal its impact on innovation performance.Practical implicationsFrom a management perspective, this knowledge will enable managers and policymakers to emphasise OI to achieve better innovation performance. This knowledge will provide both government decision-makers and IT managers with definite OI implications for innovation performance.Originality/valueThe main contribution of this study lies in exploring the interconnectedness among IT organisations and collaborative processes on OI and innovation performance. This empirical study pinpoints the causes and sources of OI that would lead to innovation performance and the mediating role of absorptive capacity in achieving innovation performance. It extends the empirical base of OI scholarship based on firms in an emerging economy.

The impact of open innovation on the environmental sustainability practices and international sales intensity nexus: A multicountry study

Amid growing environmental concerns and increasing customer demand for environmental sustainability practices (ESP), international firms strive to develop ESP and leverage resources across their global networks as key players in global innovation systems. In this context, we investigate whether adopting an open innovation (OI) strategy is a viable solution to meet the demand for ESP and foster internationalization. Specifically, this study examines the potential moderating effect of OI on ESP because both entail the ability to coordinate, orchestrate, and synchronize networks to enhance international sales. Our study encompasses a multicountry sample of 514 internationally operating manufacturers. The findings reveal that simultaneous efforts to adopt OI with suppliers and ESP constrain the positive association between ESP and international sales intensity. We provide theoretical arguments to elucidate this counterintuitive finding, thereby revitalizing the discussion on the role of international firms’ adoption of ESP and sustainable innovation.

The impact of open innovation on innovation performance: the chain mediating effect of knowledge field activity and knowledge transfer

The impact of open innovation on innovation performance: the chain mediating effect of knowledge field activity and knowledge transfer

Impact of open innovation in smart cities: The case study of Köln (Germany)

This study aims to understand the role of open innovation in the projects implemented in the city of Köln – Germany –, and to observe in which dimensions it has a superior impact. The initiatives developed in the city that result in innovative and sustainable solutions to improve the citizens' life quality are presented. We used a qualitative methodological approach, with the use of the single case study method of the aforementioned city. For data collection and analysis, the semi-structured interview was used as an instrument, and we proceeded to the documentary analysis of web pages, reports and news. The main conclusions are that open innovation influences the implementation of initiatives in different dimensions. The people, mobility and environment dimensions are those where this influence is higher and the government dimension presents a lower influence when compared with the remaining dimensions.

Role of open innovation and patents on strategic decision making

AbstractThe fourth industrial revolution, as it is popularly known, is transforming the overall ecosystem of business and is swiftly affecting the structure of organizations with respect to their working strategy. It is leading to enhanced collaboration and cross‐application of center‐specific fundamentals across various industries. As a result, collaboration and cross‐licensing of technologies have become the norm rather than an exception. Open innovation, therefore, plays a critical role in various horizontal applications of industry‐specific concepts. As a result, choices such as “keep or sell” or “make or buy” research and development (R&D) supplies have become extremely critical and significant. Therefore, patent‐based research is required as an enabling tool for assisting research on an open innovation‐based approach. This article projects an in‐depth review of the research articles related to various aspects of open innovation and patents and their overall impact on firm performance. This article also suggests an open innovation model that cumulates the role of patents and institutional participation with a focus on firm performance. The impact of open innovation on firm performance is evaluated with respect to variables on market positioning, R&D capacity building with respect to technology lifecycle, the impact of intellectual property, for instance, the existence of valid patents and know‐how, and the process of acquisition of technologies by such organizations.

Open innovation, enterprise value and the mediating effect of ESG

PurposeThis paper aims to investigate the impact of open innovation (OI) in Chinese enterprises on enterprise value (EV). At the same time, this research explores the effects of OI in environmental, social and governance (ESG) and also reveals the intermediary role of ESG in the impact of OI on improving EV.Design/methodology/approachThis study builds a theoretical framework to define a set of hypotheses verified in empirical research. Based on the panel data of Chinese listed companies removing missing data from 2011 to 2020, a two-way fixed effect model is used to study the relationship between OI, ESG and EV.FindingsThe research shows that OI of enterprises has effectively improved their value. At the same time, OI can also improve the ESG of enterprises. That OI increases EV is partly by the mediating path of ESG.Originality/valueThis study determines the influence of OI on EV from a stakeholder and sustainable development perspective, clarifying the mediating pathway of ESG in the relationship. Doing so could inspire companies to improve their OI and desire to enhance competitiveness. It will also prompt enterprises to pay attention to social responsibility activities.

Impact of Open Innovation on Firm Performance: A Literature Review

This study investigates how the open innovation paradigm influences firm performance by synthesizing the existing literature on open innovation and firm performance. This study provides a better understanding of the concept of open innovation based on the current literature. The selection criteria were executed by the PRISMA article selection process linking open innovation and firm performance, published in peer-reviewed journals from 2015 to June 2021. The search string was tailored by Ebsco host, Elsevier, Emerald Insight and Sage publishers considering the inclusion and exclusion criteria. The descriptive method was used to analyze the selected articles. Numerous studies investigated that open innovation positively impacts firm performance, and few researchers demonstrated that open innovation has a U-shaped relationship with firm performance. Some studies discovered negative and mixed results on open innovation and firm performance. Due to the contradictory findings, more investigations on open innovation and firm performance are needed and this review produces knowledge for both practitioners and policymakers to implement their roles effectively. Especially these findings are significant for future researchers to identify the key areas that need to be investigated in the field of open innovation.

How to protect your money in the face of rising inflation

How to protect your money in the face of rising inflation

Impact of Open Innovation in Peruvian food firms

Food firms are an important part of Latin American economies, and they face an increasingly competitive context due to their customers’ demands. For this reason, the main objective of this study is to empirically verify how inbound open innovation and absorptive capacity have a positive influence on technological innovations in Peruvian food firms. A model was designed that shows the relationship between the constructs, and it is based on a sample of 111 food firms that participated in the third national innovation survey of the manufacturing industry and knowledge-intensive service firms carried out in 2018. The present study contributes to the literature in the following two ways: First, it contributes to the research of the food industry, which is an industry representative of low-tech intensity industries that lack research; second, it aims to deepen the knowledge about the positive influence of open innovation and absorptive capacity on food firms’ technological innovation capability. As a result, this study has empirically verified how the implementation of inbound open innovation and absorptive capacity improve the technological innovation capability of Peruvian food firms.

A meta-analysis of the impact of open innovation on performance

AbstractUsing the meta-analysis technique, this research comprehensively reviews the existing open innovation (OI) literature, systematically aggregates empirical findings on the impact of OI on performance to identify key moderators and statistically tests the significance of these moderators in influencing the OI–performance relationship. Based on a comprehensive dataset of 2,377,123 firms and sub-firm units in 171 studies published from 2003 to 2018, this research demonstrates that the OI–performance relationship is significantly moderated by three key factors: performance measure, OI approach, and level of analysis. This research helps explain the conflicting findings regarding the OI–performance relationship in the existing literature, and contributes to the understanding of the effectiveness of OI practice.

Big data analytics capability as a mediator in the impact of open innovation on firm performance

PurposeBig data analytics capability (BDAC) is the ability of a firm to capture and analyze big data toward the generation of insights. The literature has mainly focused on analyzing the direct effects of BDAC on different aspects related to firm performance such as finances and innovation. However, the lack of works analyzing the intermediation role BDAC could play is noticeable, particularly in organizational situations that pose great challenges in terms of data processing. Thus, the aim of this paper is to analyze BDAC mediation in the relationship between open innovation (OI), particularly customer involvement, and firm performance (financial and non-financial).Design/methodology/approachStructural equation modeling was used to test the proposed model with survey data from a sample of 112 firms.FindingsThe results show that BDAC has a partial mediating effect on the relationship between OI and financial performance, and between OI and non-financial performance. Nevertheless, this mediation is greater in the first relationship.Originality/valueThe main contribution of the study is to offer a broader research perspective regarding the role of BDAC in the relationship between OI and firm performance. This study ultimately questions that research tradition in which this role has been reduced to that of a simple application of data analytics techniques. Instead, the results show BDAC is primarily an organizational skill that should be articulated with key processes, such as customer involvement, to maximize the financial and non-financial use of the large flow of data coming from the main OI activity of low and medium-technology companies.

When and How Does Open Innovation Enhance Innovation Output? A Meta-Analysis

Existing research has produced mixed, inconclusive, and even conflicting findings on the impact of open innovation (OI) on innovation output. This article takes a meta-analysis approach, systematically reviews the existent literature to identify the main contextual factors, and statistically tests the significance of these factors in influencing the effect of OI on innovation output. Based on the data of 139 studies published by 2020, this article demonstrates that 1) OI has a stronger effect on innovation output in coupled OI (a combination of inbound and outbound OI) than the inbound or outbound OI alone; 2) OI has a stronger effect on innovation output in developing than developed countries; 3) OI has a stronger effect on innovation output at subfirm than firm level; and 4) OI has a stronger effect on innovation output in service than manufacturing industries. The findings have important implications for managers, researchers, and policy-makers.

The Impact of Open Innovation within Technology Parks: Dokuz Eylül Technology Development Zone Analysis

İnovasyon ve Ar-Ge, ülkelerin gelişmişlik düzeylerinin ve ekonomisinin değer kazanması açısından büyük önem taşımaktadır. Türkiye’de teknoloji geliştirme bölgelerinde Ar-Ge ekosisteminin gelişimi hızla artarak devam etmektedir. Çalışmamız genel olarak Ar-Ge ve inovasyonun dünyadaki ve Türkiye’deki durumuna gelişim süreçlerine, mevcut konumuna yer vermiştir. Çalışmanın uygulama kısmında Dokuz Eylül Teknoloji Geliştirme bölgesinde faaliyet göstermekte olan yazılım sektöründeki işletmeler içinde açık inovasyonun etkisine yönelik bir uygulama gerçekleştirilmiştir. Klasik istatistik yöntemlerinin yanı sıra veri madenciliği algoritmalarından Apriori algoritması ve birliktelik kuralları çerçevesinde analiz edilmiştir.

Impact of open innovation on organizational performance in different conflict management styles: based on resource dependence theory

PurposeFirms often encounter complicated external relationships and conflicts in inbound and outbound open innovation (OI). Conflict management significantly affects innovation results. Guided by resource dependence theory (RDT), this study aims to examine the moderating effects of conflict management styles in the relationship between OI and organizational performance (OP).Design/methodology/approachThis study focuses on manufacturing and service firms in China, with the respondents composed of senior managers. Using hierarchical regression analysis, data from 270 firm samples are used to empirically test the hypotheses.FindingsInbound and outbound OI openness positively affects OP. Cooperative conflict management positively moderates the relationship between inbound OI openness and OP, whereas it negatively moderates the impact of outbound OI openness on OP. By contrast, competitive conflict management positively moderates the relationship between outbound OI openness on OP.Research limitations/implicationsGuided by RDT, this study explores the relationship between OI and OP and the moderating role of conflict management styles. However, it does not measure the level of resource dependence, which is among the future research directions for further validating the results of this study.Originality/valueThis study is among the first to investigate the impact of OI on OP in different conflict management styles. Findings suggest that choosing a suitable conflict management style may strengthen the positive effects of OI on OP.

Impact of open innovation on industries and firms – A dynamic complex systems view

This paper develops novel behavioural models of open innovation (OI) for competitive markets and uses them to compare the impact of two types of OI frameworks – open source (OS) and patent-licensing (PL). The dynamic consequences of OI, for both OS and PL, are studied using a complex adaptive systems approach. We examine how profits, technology levels, R&D investment, technology adoption and market structure evolve under each and are impacted by underlying market characteristics. While both OS and PL are found to be equivalent in technology outcomes, OS comes with additional advantages to participating firms. Firms in the OS framework earn higher profit and are more efficient with their R&D investments. The industry is less concentrated under OS than under PL, except when market size is very large. In both frameworks, consumer preference for new product adoption has a significant impact. When consumers adopt newly introduced products relatively quickly, market concentration is the higher and overall rate of technological progress slower. These results contribute towards a deeper theoretical understanding of OI, opening new avenues for future research.

Open innovation in small and medium enterprises: a bibliometric analysis

PurposeThe open innovation (OI) paradigm suggests that firms should use inflows and outflows of knowledge in order to accelerate innovation and leverage markets. Literature examining how firms are adopting OI practices is rich; notwithstanding, little research has addressed this topic from the perspective of small- and medium-sized enterprises (SMEs). Given the relevance of SMEs in worldwide economies, the purpose of this paper is to provide a comprehensive overview of research on OI in SMEs.Design/methodology/approachIn total, 112 academic articles were selected from the Web of Science database. Following a bibliometric analysis, the most relevant authors, journals, institutions and countries are presented. Additionally, the main areas these articles cover are summarized.FindingsResults are consistent in that the most prolific authors are affiliated with the universities leading the ranking of institutions. However, it is remarkable that top authors in this field do not possess a large number of publications on OI in SMEs, but combine this research topic with other related ones. At the country level, European countries are on the top together with South Korea.Research limitations/implicationsDespite following a rigorous method, other relevant documents not included in the selected databases might have been ignored.Practical implicationsThis paper outlines the main topics of interest within this area: impact of OI on firm performance and on organizations’ structure, OI as a mechanism to hasten new product development, the analysis of the inbound/outbound dimensions of OI, and legal issues related to intellectual property right management when OI is implemented.Originality/valueThe study uses a combination of bibliometric indicators with a literature review.