Role Of Open Innovation Research Articles

Organizational Practices’ Role in Managing Open Innovation and Business Performance

Given the ever-changing world of technological advances, and due to the fact that business entities strive for efficiency and cost reduction, open innovation (OI) has become the focus of academic and scholarly discussions. Furthermore, to increase their competitiveness, small and medium enterprises (SMEs) have started implementing OI practices. This study aims to investigate the impact of SMEs’ internal organizational practices on OI and the impact of the latter on SMEs’ business performance. This quantitative study, which was based on gathering insights from SMEs, sought to answer two research questions related to the effects of organizational practices on the adoption and management of OI processes in SMEs and the role of OI in accelerating the business performance of SMEs. The findings revealed that not all SMEs’ internal organizational practices have a positive impact on both OI and SMEs’ business performance. This study is among the earliest studies in the UAE and GCC region to explore the impact of specific internal organizational practices on SME OI adoption and its business performance. The present study contributes theoretically and practically to OI literature and assists SME managers in evaluating their internal organizational practices’ suitability for OI adoption.

The Role of Open Innovation and Intellectual Capital on Business Sustainability: Study of Furniture MSMEs in Banjarmasin, Indonesia

Furniture MSMEs in Banjarmasin City face various challenges in achieving business sustainability. This research aims to identify and analyze the influence of open innovation on the sustainability of the MSME furniture business and analyze the influence of intellectual capital on the sustainability of the MSME furniture business. This research used a quantitative method by distributing questionnaires to 50 respondents, namely owners and managers of furniture MSMEs in Banjarmasin City. The sampling technique uses non-probability sampling with purposive sampling. Data analysis used descriptive analysis and PLS-based SEM with SmartPLS4.0. Open innovation (X1) and intellectual capital (X2) have a positive and significant influence on business sustainability (Y). In conclusion, open innovation and intellectual capital are important factors that contribute to the sustainability of the MSME furniture business in Banjarmasin City.

Innovation under constraints: the role of open innovation in Ghana

ABSTRACT This paper analyses Low-Income Country (LICs) firms’ use of open innovation (OI) in overcoming various innovation constraints. We disaggregate local and foreign sources of innovation using a new measure of international openness. A survey of 501 manufacturing firms in Ghana reveals that OI is employed to address cost, knowledge, management, and market barriers. Knowledge and cost constraints lead to a broader and deeper search whereas cost barriers lead to a greater domestic search. Firms that faced market barriers significantly search more internationally while those facing infrastructure barriers tend to search less broadly and deeply for external knowledge. The substantial informal sector in Ghana hampers OI. Results also indicate an inverted-U-shaped relationship between the breadth of openness and innovation performance. This paper contributes to the literature by providing the first large firm-level survey-based evidence of OI in a LICs context, and by introducing a new measure of international innovation openness.

Moderation of open innovation on the impact of influencer marketing on decisions to purchase Hanasui cosmetic products at Tiktok Shop

This research aims to see the influence of the use of influencers on consumer purchasing decisions for Hanasui cosmetics via the TikTok Shop platform. Apart from that, this research also wants to see the role of open innovation as a moderating variable. This research took a sample of 50 people using statistical data analysis techniques using the SmartPLS version 4 application. From the research results it was found that: 1.) the use of influencers does not affect consumer purchasing decisions, 2.) the open innovation process has a positive and significant effect on purchasing decisions of consumers, and 3.) Influencers influence consumer purchasing decisions through the open innovation process carried out by the company.

Broker roles in open innovation

Knowledge brokers play a crucial role in open innovation. We use exponential random graph models and qualitative analysis of semi-structured interview data to contrast knowledge brokerage in three open innovation partnerships. Our analysis considers both tacit and explicit knowledge exchanges. Significant broker role effects occur mainly in tacit knowledge-sharing networks. This result implies that brokerage in open innovation is primarily about connecting know-how rather than know-what. We see that trust is crucial for both tacit and explicit knowledge sharing. Adding broker roles to exponential random graph models offers a more nuanced explanation of the observed network structure.

The role of open innovation in biomarker discovery

Precision medicine aims to treat diseases with special consideration for the individual biological variability.Novel biomarkers (BM) are needed to predict therapeutic responses and to allow for the selection of suitable patients fortreatment with certain drugs. However, the identification and validation of appropriate BMs is challenging. Close collaboration between different partners seems to be a key success factor. While the importance of partnerships and larger,well-established consortia in BM discovery such as the pharmaceutical industry and academic institutions is well understood and has been investigated in the past, the use of open-innovation models, also known as ‘crowd sourcing for biomarkers’, is still in its infancy. Crowd sourcing comprises of a — usually via internet — request for problem solution to an open group of users in a kind of an ‘open call’. The community (crowd) is asked to provide solutions. Since the application of the crowd sourcing method offers the possibility to collect as many as possible novel ideas from a broad community with different expertise, this approach is particularly promising for BM development. In this article we describe the first examples of open-innovation models, such as the ‘grants for targets’ (G4T) and biomarkers initiative ‘InnoCentive’ (innovation/incentive) platform. They may be a fruitful basis for collaborative BM development in the future.

Role of open innovation and strategy on SMEs in Dubai: review and theoretical framework

PurposeThis study aims to examine and discuss the importance and benefits of Open Innovation (OI), Transformational Leadership (TL), Innovation Strategy (IS), Creative Climate (CC), Radical Innovation (RI) and Sustainable Competitive Advantage (SCA) for small and medium-sized enterprises (SMEs) in Dubai. This work also examines the mediating impact of future foresight drivers (FFD) on SMEs' SCA. The study provides a theoretical framework for enhancing SMEs' organizational performance and highlights the need for future empirical research.Design/methodology/approachThe study uses a systematic literature review (SLR) approach and a bibliometric analysis approach to collect, examine and analyze data from previous research on OI, TL, IS, CC, RI and SCA. This work evaluated 110 publications from separate scholarly databases, Scopus and Web of Science (WoS).FindingsThe study finds a positive relationship between OI, TL, IS, CC, RI and SCA and that future empirical research is needed. While there is limited information on the impact of these concepts on SMEs in the Middle East and especially in Dubai, the study presents new concepts to be debated. The study provides a vital tool for businesses to improve their performance by adopting OI, TL and IS and analyzing their present competitive status to develop new strategies and build competitiveness.Originality/valueThe originality of this study lies in its contribution to understanding the relationships among OI, TL, IS, CC and RI and their impact on SMEs' SCA in Dubai. By emphasizing the importance of OI, TL and IS in improving SMEs' performance and competitiveness, this study provides valuable insights for SME managers seeking to enhance their organizations' sustainability and long-term success. The review also identifies a gap in the literature regarding the impact of these concepts on SMEs in the Middle East, emphasizing the need for further research in this area.

Towards a comprehensive framework to analyse the benefits of openness for sustainability‐oriented innovation: A systematic literature review

AbstractThis study systematically reviews the scientific literature on the role of open innovation in addressing current and emerging societal and environmental challenges. To do so, we analysed the what, how, who and why of integrating external partners for sustainability purposes. We found a clear predominance of open innovation mechanisms to develop environmental innovations rather than innovations focused on a triple bottom line. We identified at least four mechanisms associated with the inbound mode of open innovation (crowdsourcing, lead‐user workshops, intermediation, and experiments and discussion sessions) and 10 mechanisms related to the coupled mode of open innovation (alliance, business‐non‐profit engagement, co‐creation, joint ventures, cooperation, collaborative innovation contests, coopetition, cross‐sector partnerships, joint development projects, and innovation networks). Even though sustainability‐oriented innovation promises to be a source of societal transformation and entrepreneurial opportunities, we found that firms can face some tensions when simultaneously addressing financial, environmental and social purposes.

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.

Nexus between Information Technology, Voluntary Disclosure, and Sustainable Performance: What is the role of Open Innovation?

Nexus between Information Technology, Voluntary Disclosure, and Sustainable Performance: What is the role of Open Innovation?

Exploring the Influence of Government Data Performance on Knowledge Capabilities: Towards a Data-Oriented Political Economy

This article is devoted to the study of the influence of government data performance on knowledge capabilities. Knowledge capabilities play a key role in open innovation and creation of citizen-oriented products and services. However, it is necessary to assess the role of the information environment in the development of knowledge capabilities, including government data as a product and a component of the information environment. Government data performance is expressed through the statistical capacity score and its three dimensions: periodicity assessment of statistical capacity, methodology assessment of statistical capacity, and source data assessment of statistical capacity. Knowledge capabilities are expressed through economic complexity, which reflects the diversity and uniqueness of the production capabilities inherent in each country’s exports. Econometric analysis is based on dynamic panel data models that quantify the effect of government data performance on economic complexity. The final dataset includes 94 countries and their indicators for the selected variables for 2004–2019. The models show that government data performance and its various dimensions influence economic complexity because government data provide a detailed and publicly available description of the economic space, including available resources and potential tasks. Based on these data, agents can produce dissimilar and unique products. This logic may be true in general for the influence of government data performance on knowledge capabilities: structured and complete government data reduces the cost of information analysis and provides information support for decisions. The results of the study contribute to the ideas of a data-oriented political economy. Government participation in value creation includes various forms of indirect influence. The provision of government data is one of these forms. The development of collective data governance and collaborative data projects makes it possible to create more complete datasets and stimulates citizen involvement and deliberation.

Emergence of open supply chain management: the role of open innovation in the future smart industry using digital twin network

Emergence of open supply chain management: the role of open innovation in the future smart industry using digital twin network

Does BLE technology contribute towards improving marketing strategies, customers’ satisfaction and loyalty? The role of open innovation

The purpose of this study is to explore the marketing strategies for the introduction of Beacons technology applications (BLE) technology in businesses and how it can convert potential clients into satisfactory and loyal customers. Open innovation is the pathway to taking businesses to the next level with the help of and introduction to BLE technology contributions. Companies are flexible towards adopting new technologies to make sure that their marketing strategies are working positively. Global Village Dubai was the market that we targeted to study the customers’ needs and wants. This was done through 138 questionnaires distributed among 159 stores that met our research criteria. We used ANOVA through the SPSS program for analysis of the data. The results supported all our hypothesis of the study, which means there is a positive and strong relationship of adopting BLE technology on customers’ satisfaction which leads towards customers’ loyalty, making them stick to the brand for long term. The results of our research revealed that Beacons technology applications have positively influenced marketing strategies which in turn have impacted customer satisfaction and loyalty. The proximity marketing is the best strategy developed in lieu of open innovation. Future studies are welcomed for analyzing the same model in perspective of other markets for clearer advocacy of the hypothesis that proximity marketing is the marketing strategy that helps in customers’ happiness leading towards their loyalty.

Introduction to the Special Issue on the New Silk Road of Innovation: R&D Networks, Knowledge Diffusions, and Open Innovation

Introduction to the Special Issue on the New Silk Road of Innovation: R&D Networks, Knowledge Diffusions, and Open Innovation

The Role of Open Innovation, and the Performance of European Union Regions

This research aims to detect the factors that best explain the performance of regional innovation in the European Union (EU), in the year 2019, and compare the obtained results with the factors used to elucidate the performance of regional innovation in the EU during the year 2016. This comparison allowed us to identify the variations that have occurred during these 3 years. The methodology used is quantitative and served to identify the factors that clarify the performance of regional innovation in the EU in 2019. The data collected was treated in the econometric software Eviews10. Estimations used a multiple linear regression method. The attained results show that with the implementation of the Research and Innovation Strategy for Smart Specialization (RIS3), the Leader and Strong Regions benefited from its implementation. On the other hand, Moderate and Modest Regions failed to improve their innovative performance with the implementation of RIS3. On the practical contributions, it provides suggestions to the actors of the triple helix (Academy–Government–Industry) to improve the performance of innovation. Furthermore, it contributes to the theory by updating the knowledge of the existing literature with new dimensions from the 2019 RIS database. This research is original as it allows to appraise the evolution of the open innovative performance of the regions, by using comparative data from 2019 and 2016.

Open Innovation Initiatives to Tackle COVID-19 Crises: Imposter Open Innovation and Openness in Data

Big data and analytics played an important role in open innovation during the pandemic. Sharing data and transferring knowledge between governments, laboratories and research centres helped us to understand the unpredictable spread of COVID-19. This article firstly explores corporate and public responses to the pandemic, presents different cases and discusses how open innovation, worldwide collaboration and data shaped this response. Having data practises in focus, this article raises concerns and underlines issues related to the applications during responses to COVID-19 at collaborative open innovation projects.

The Role of Open Innovation and Value Co-creation in the Challenging Transition from Industry 4.0 to Society 5.0: Toward a Theoretical Framework

Advanced manufacturing solutions, augmented reality, and cloud and big data are technologies pertaining to Industry 4.0. These technologies improve working conditions, create new business models, and increase both productivity and firm quality production. However, they can also improve life and society as a whole. This new perspective, oriented toward social and global well-being, is called Society 5.0. As has happened for all past industrial revolutions, Industry 4.0 will support the transition to a different society, i.e., Society 5.0. In this transition, open innovation and value co-creation can play an important role. The aim of the study was twofold: to examine how Industry 4.0 features and enabling technologies can support the transition to Society 5.0 and to investigate the roles of both open innovation and value co-creation within this transition. A conceptual framework was developed to jointly consider for the first time Industry 4.0, Society 5.0, open innovation, and value co-creation, which are all challenging issues that firms must cope with nowadays. Managers could profit from these insights to design ad hoc strategies in order to benefit from the opportunities emerging from this transition and overcome the main related challenges.

The role of open innovation and the characteristics of their financing in the context of oil and gas complex of the Russian Federation to the model of innovative development

The role of open innovation and the characteristics of their financing in the context of oil and gas complex of the Russian Federation to the model of innovative development

The Role of Open Innovation in Implementing Corporate Social Responsibility

Increasingly more companies have taken up corporate social responsibility (CSR) to help solve societal grant challenges, and open innovation (OI) has been regarded as a feasible solution to these challenges. Since OI comprises various forms, how to choose an appropriate form to address CSR issues and simultaneously maintain a controllable level of knowledge sharing is an important issue. This study examines the question of how firms match their CSR problems to OI governance choices. We collected data from 587 publicly listed electronics firms for the period between 2012 and 2017. Our results show a match between CSR types and OI forms for superior performance. Specifically, the match indicates the following two distinct paths to achieve positive performance: the markets form of OI exclusively bridges responsive CSR and performance, while the partnerships form of OI otherwise links strategic CSR to performance. This paper contributes to the literature by identifying the importance of OI governance forms in the CSR engagement-performance link. Theoretical and practical implications are also provided.

The role of open innovation in developing an entrepreneurial support ecosystem

In this study, we use the open innovation paradigm to analyze the development of an entrepreneurial support ecosystem. We argue that business accelerators play a critical role within an emerging entrepreneurial ecosystem. Our analysis draws on qualitative data from a business accelerator in such a context. We suggest that, in environments that have underdeveloped entrepreneurial support ecosystems, public policy should endorse the open innovation activities of key actors in entrepreneurial ecosystems. By harnessing open innovation, an accelerator forges a broader network of relationships with actors outside of the system, which in turn increases the capacity within the system and embeds it within a global innovation system.