Open innovation: a new classification and its impact on firm performance in innovative SMEs

By Joongha Ahn, Tim Minshall, Letizia Mortara. 2015

143 citations recorded by the source corpus.

This paper attempts to deepen understanding of the relationship between open innovation (OI) and firm performance in small and medium-sized enterprises (SMEs). Based on survey data from 306 Korean innovative SMEs, the results of this study show that: (1) broad and intensive engagement in OI and cooperation with external partners are positively associated with firm performance; (2) technology and market-oriented OI modes (Joint RD and (3) innovative SMEs benefit from working with non-competing partners, such as customers, consultancy/intermediaries and public research institutes. This work has broadened the evidence available on SMEs’ OI adoption and has proposed a new way to study OI adoption and implementation.

Subfields: Economics and Econometrics, Management of Technology and Innovation, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/4f45732ad1563e9d2ddff87c54f021453684f325

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Simona Gentile-Lüdecke
2. Rui Torres de Oliveira
3. Justin Paul

In Management of Technology and Innovation

1. Simona Gentile-Lüdecke
2. Rui Torres de Oliveira
3. Justin Paul

In Strategy and Management

1. Simona Gentile-Lüdecke
2. Rui Torres de Oliveira
3. Justin Paul

Citations in the corpus

• Does organizational structure facilitate inbound and outbound open innovation in SMEs? (2019, background): “inbound OI, and our knowledge is still limited about the challenges generated by the adoption of outbound OI—selling and revealing(1)—by SMEs (Ahn et al. 2015).”