Showing papers on "Open innovation published in 2021"

Handbook of Technology and Innovation Management

Abstract: Preface. List of Contributors. Editor's Introduction. Part I The Evolution of Technology, Markets, and Industry. 1 Technology and Industry Evolution (Rajshree Agarwal and Mary Tripsas). 2 The Evolution of Markets: Innovation Adoption, Diffusion, Market Growth, New Product Entry, and Competitor Responses (Venkatesh Shankar). Part II The Development and Introduction of New Products. 3 Understanding Customer Needs (Barry L. Bayus). 4 Product Development as a Problem-solving Process (Christian Terwiesch). 5 Managing the 'Unmanageables' of Sustained Product Innovation (Deborah Dougherty). Part III The Management and Organization of Innovation. 6 Rival Interpretations of Balancing Exploration and Exploitation: Simultaneous or Sequential (Eric L. Chen and Riitta Katila). 7 R&D Project Selection and Portfolio Management: A Review of the Past, a Description of the Present, and a Sketch of the Future (D. Brunner, L. Fleming, A. MacCormack, and D. Zinner). 8 Managing the Innovative Performance of Technical Professionals (Ralph Katz). Part IV Technology Strategy. 9 The Economics and Strategy of Standards and Standardization (Shane Greenstein and Victor Stango). 10 Intellectual Property and Innovation (Rosemarie H. Ziedonis). 11 Orchestrating Appropriability: Towards an Endogenous View of Capturing Value from Innovation Investments (Henry Chesbrough). 12 Individual Collaborations, Strategic Alliances and Innovation: Insights from the Biotechnology Industry (Paul Almeida, Jan Hohberger, and Pedro Parada). Part V Who Innovates? 13 Technology-Based Entrepreneurship (David H. Hsu). 14 Knowledge Spillover Entrepreneurship and Innovation in Large and Small Firms (David B. Audretsch). 15 The Financing of Innovation (Bronwyn H. Hall). 16 The Contribution of Public Entities to Innovation and Technological Change (Maryann P. Feldman and Dieter F. Kogler). Index.

The past, present and future of open innovation

Abstract: Through a comprehensive review of the literature on open innovation (OI), this study aimed to achieve two objectives: (1) to identify the main thematic areas discussed in the past and track their evolution over time; and (2) to provide recommendations for future research avenues,To achieve the first objective, a method based on text mining was implemented, with the analysis focusing on 1,772 journal articles published between 2003 and 2018 For the second objective, a review based on recent and relevant papers was conducted for each thematic area,The paper identified nine thematic areas explored in existing research: (1) context-dependency of OI, (2) collaborative frameworks, (3) organizational dimensions of OI, (4) performance and OI, (5) external search for OI, (6) OI in small and medium-sized enterprises, (7) OI in the pharmaceutical industry, (8) OI and intellectual property rights, and (9) technology The analysis of the most recent papers belonging to the more investigated areas offers suitable suggestions for future research avenues,To the best of the authors’ knowledge, no review has yet been undertaken to reorganize the OI literature

Does Emotional Intelligence Contribute to Quality of Strategic Decisions? The Mediating Role of Open Innovation

Abstract: Purpose—The purpose of this research is to explore the direct relationship between the emotional intelligence of top management and the quality of strategic decisions they take for their companies. This relationship is further examined by the mediating role of open innovation in the context of intelligent information systems that can impact the way top managers take decisions. This research adopted a survey design as cross-sectional data were taken through questionnaires from top management of the UAE national banks. A final sample size of 213 questionnaires completed by managers was obtained and analyzed. As predicted, there was a strong, positive relationship between managers’ emotional intelligence and the quality of their strategic decisions. Open innovation has revolutionized the way top managers of banks take decisions that are later transformed into policies. Decision-makers are required to possess the skill of decision-making by being vigilant of their surroundings. Hence, they have emotional intelligence and intelligent information systems (IIS) only enhances the trait. IIS is the glorified version of open innovation that further contributes to the decision-making process and the quality of decisions. This research is one of a kind as no one has explored these dimensions of emotional intelligence in the UAE.

Exploring the Role of Islamic Fintech in Combating the Aftershocks of COVID-19: The Open Social Innovation of the Islamic Financial System

Abstract: The purpose of the current study is to investigate the role of the Islamic financial system in recovery post-COVID-19 and the way Fintech can be utilized to combat the economic reverberations created by COVID-19. The global financial crisis of 2008 has established the credentials of the Islamic financial system as a sustainable financial system which can save the long run interests of the average citizens around the world while adding value to the real economy. The basic ethical tenets available in the Islamic financial system make it more suited and readymade to fight the economic aftershocks of a pandemic like COVID-19. The basic principles of ethical Islamic finance have solid connections to financial stability and corporate social responsibility within the wide-reaching business context. With the emergence of Financial technology (Fintech) it has provided a missing impetus to the Islamic financial system to compete on equal ground with its conventional counterpart and prove its mettle. The study uses discourse analysis along with the content analysis to extract content and draw a conclusion. The findings of the study indicate that COVID-19 pandemic has provided the opportunity for the social and open innovation to grow and finance world have turned to open innovation to provide a speedy, timely, reliable, and sustainable solution to the world. The findings of the study provide significant implications for governments and policy makers in efficient application of Fintech and innovative Islamic financial services to fight the economic consequences of the COVID-19 pandemic.

Economic Growth, Increasing Productivity of SMEs, and Open Innovation

Abstract: The empowerment of small and medium economic enterprises will drive economic growth. The purpose of this study is to analyze (1) how economic growth works as a determinant of increasing the productivity of small and medium enterprises; (2) the influence of government policies, business capital support, and the strengthening of human resource capacity on the development of small and medium enterprises (SMEs); and (3) strategies to increase business productivity and the sustainability of SMEs. We used a sequential explanatory design, which is a combination of quantitative and qualitative research, and data were obtained through observation, in-depth interviews, surveys, and documentation. The results of the study indicate that economic growth coupled with technological innovation will boost the productivity of economic enterprises and increase people’s welfare. Government policies, business capital support, and human resource capacity strengthening simultaneously have a positive effect on the development of SMEs, with a determination coefficient of 97.6%. Based on the results of this study, an economic growth strategy based on technological innovation is recommended for government decision making as an effort to increase the productivity of community economic enterprises in Makassar City, Indonesia.

Harvesting reflective knowledge exchange for inbound open innovation in complex collaborative networks: an empirical verification in Europe

Abstract: This study aims to investigate the effects of open innovation (OI) and big data analytics (BDA) on reflective knowledge exchange (RKE) within the context of complex collaborative networks. Specifically, it considers the relationships between sourcing knowledge from an external environment, transferring knowledge to an external environment and adopting solutions that are useful to appropriate returns from innovation.,This study analyzes the connection between the number of patent applications and the amount of OI, as well as the association between the number of patent applications and the use of BDA. Data from firms in the 27 European Union countries were retrieved from the Eurostat database for the period 2014–2019 and were investigated using an ordinary least squares regression analysis.,Because of its twofold lens based on both knowledge management and OI, this study sheds light on OI collaboration modes and highlights the crucial role they could play in innovation. In particular, the results suggest that OI collaboration modes have a strong effect on innovation performance, stimulating the search for RKE.,This study furthers a deeper understanding of RKE, which is shown to be an important mechanism that incentivizes firms to increase their efforts in the innovation process. Further, RKE supports firms in taking full advantage of the innovative knowledge they generate within their inter-organizational network.

The Relation among Organizational Culture, Knowledge Management, and Innovation Capability: Its Implication for Open Innovation

Abstract: It is widely acknowledged that enhancing innovation capability is an inevitable requirement for the survival and sustainable growth of firms operating in the information technology sector. Therefore, this study was conducted to explore the relationship among organizational culture, knowledge management and innovation capability in the open innovation environment to provide useful suggestions and recommendations for managerial practices within the high-tech industry. Primary data collected from 182 high-tech firm’s representatives were processed by using the Structural Equation Modeling approach. The results showed that knowledge management was strongly correlated with innovation capability. The positively significant relationship between organizational culture and knowledge management was also confirmed. Overall, the findings suggest that an open innovation culture of an organization in which mutual trust, collaboration and learning are promoted by supportive and participative leaders is more likely to increase the efficiency of knowledge management practices; thus, eventually lead to enhanced innovation capability of the firm.

Tackling Societal Challenges with Open Innovation

Abstract: Open innovation includes external knowledge sources and paths to market as complements to internal innovation processes. Open innovation has to date been driven largely by business objectives, but ...

Higher Education Response in the Time of Coronavirus: Perceptions of Teachers and Students, and Open Innovation

Abstract: The COVID-19 pandemic has transformed training processes. The transition from face-to-face to virtuality has affected the entire educational process favoring one of the open innovation key features in the higher education institutions: the ability to manage knowledge flow. Open innovation in this crisis situation will encourage universities to deal with difficulties and embrace opportunities to enhance knowledge production. In this regard, the main objective of this work is to analyze how universities have managed knowledge flow during lockdown situation. The research presents a comparative study between three countries highly impacted by the coronavirus (Spain, Italy and Ecuador) based on perceptions from teachers and students on a convenience sample of 573 individuals. The study, of a descriptive and exploratory nature, applied surveys between March and April 2020 to students and teachers of Journalism, Communication. The survey had 2956 responses, collecting 65,032 pieces of evidence from students and 6468 from teachers. Teachers and students show their preference for being present, but they recognize the justification for the change of scenery and identify positive elements in virtuality. According to the findings obtained, the absence of presence has not generated an increase in the meetings between teachers and students. In addition, the tutorials have been shorter and sporadic. Added to this is a scant commitment to the variety of resources and options offered by the Internet. The predominance of textual material collides with the demand from students for a mixture of training resources, a greater role for the podcast and, especially, a typology of assessment tests that pass the traditional exams.

Open innovation in the face of the COVID-19 grand challenge: insights from the Pan-European hackathon ‘EUvsVirus’

Abstract: Being a grand challenge of global scale, the COVID-19 pandemic requires collective and collaborative efforts from a variety of actors to enable the expected scientific advancement and technological progress To achieve such an open innovation approach, several initiatives have been launched in order to leverage potential distributed knowledge sources that go beyond those available to any single organization A particular tool that has gained some momentum during COVID-19 times is hackathons, which have been used to unleash the innovation potential of individuals who voluntarily came together, for a relatively short period of time, with the aim to solve specific problems In this paper, we describe and analyze the case of the hackathon EUvsVirus, led by the European Innovation Council EUvs Virus was a 3-day online hackathon to connect civil society, innovators, partners, and investors across Europe and beyond in order to develop innovative solutions to coronavirus-related challenges We have identified four dimensions to explore hackathons as a crowdsourcing tool for practicing effective open innovation in the face of COVID-19: broad scope, participatory architecture, online setting, and community creation We discuss how these four elements can play a strategic role in the face of grand challenges, which require, as in the case of the COVID-19 pandemic, both urgent action and long-term thinking Our case analysis also suggests the need to look beyond the ?usual suspects?, through knowledge recombination with atypical resources (e g , retired experts, graduate students, and the general public) On this basis, we call for a broader perspective on open innovation, to be extended beyond openness across organizational boundaries, and to explore the role of openness at societal level

Managing Open Innovation: A Project-Level Perspective

Abstract: Open innovation has become a mainstream phenomenon in the current business landscape. However, despite the fact that innovation projects generally have different attributes (e.g., complexity and uncertainty), most studies on open innovation have only considered firm-level characteristics (e.g., firm size and firm openness) to determine how to manage open innovation successfully. Project-level studies on open innovation management are still scant—There are only a few conceptual and qualitative articles on the topic, and there is a lack of quantitative insights. Based on a survey designed to collect detailed data from 201 innovation projects undertaken by American firms, this article provides a quantitative cross-project analysis of how two, key innovation project attributes (i.e., complexity and uncertainty) are related to five factors for successful open innovation management: 1) openness level, 2) external partner choice, 3) open innovation mechanism choice, 4) collaboration process formalization, and 5) internal firm practices. This exploratory study contributes to the open innovation literature by highlighting the importance of microfoundations (i.e., innovation project attributes) in successful open innovation management. This article concludes by suggesting a number of relevant project-level future research opportunities in the field of open innovation management, and some methodological recommendations on how to address such opportunities.

Impact of organizational inertia on business model innovation, open innovation and corporate performance

Abstract: Business model design becomes an essential source of firm innovation in the current competitive world. Business model innovation refers to the creation or reinvention of existing business models by designing novel value-creation systems, proposing new value propositions, and building original value-capturing mechanisms. However, to adopt the innovative business model in any organization, the inertia to change is a substantial barrier, and its role has not been examined completely. The purpose of this study is to examine the impact of organizational inertia on open innovation, business model innovation, and corporate performance. Using the survey as the research model, data were collected from 160 companies operating in the information technology industry in the city of Tehran. These firms were selected via judgment sampling method. The hypotheses were tested using structural equation modeling technique via SmartPLS2 software. Based on the findings, organizational inertia has a negative relationship with business model innovation and open innovation; though, business model innovation and open innovation have a positive effect on the performance.

Organizational learning ambidexterity and openness, as determinants of SMEs' innovation performance

Abstract: SMEs could achieve their innovation goals, either through exploitation, exploratory, or ambidextrous learning strategies. This study presents ambidexterity as a more effective and efficient strategy that offers superior innovation advantage to SMEs. We also present the role of openness in this relationship.,Empirical analysis was based on 388 SMEs in Ghana. Various validity and reliability checks were conducted before the presentation of the actual analysis, which was conducted using Ordinary Least Squares approach, run using SPSS (v. 20).,Findings indicate that although exploitative and exploratory learning strategies individually had a positive significant effect on SMEs' innovation performance, organizational learning ambidexterity was found to have a greater positive impact on innovation performance among SMEs. High levels of openness further boosted the effect of organizational learning ambidexterity on SMEs’ innovation performance.,This study was conducted without recourse to some specific factors that could influence organizational learning ambidexterity among SMEs. Future studies should thus pay particular attention to the determinants of organizational learning ambidexterity among SMEs.,Innovation performance is very critical for the sustainability of firms, and SMEs in particular. Management of SMEs must therefore seek to simultaneously adopt both learning strategies, as that gives firms greater advantage, compared to the adoption of only one strategy.,The study demonstrates that organizational learning ambidexterity had a superior effect on SMEs' innovation performance. High levels of openness further boosted the effect of organizational learning ambidexterity on SMEs' innovation performance.

The Role of CSR Engagement in Customer-Company Identification and Behavioral Intention During the COVID-19 Pandemic.

Abstract: The global coronavirus pandemic has reignited a strategic debate among the business community of the necessity for corporate social responsibility (CSR) engagement in the ever-dynamic social media. Considering the global economic downturn introduced by the COVID-19 pandemic, the present research is devoted to investigating whether CSR engagement in social media can help DiDi (a Chinese shared brand) at stake survive this overwhelming crisis. A theoretical model proposed to describe the hypothesized relationships was tested by a Structural Equation Modeling technique through the empirical online questionnaire. Through findings, we demonstrated that there was a positive relationship between CSR engagement of DiDi on WeChat, customer-company identification (C-C identification), and behavioral intention [purchase intention, brand loyalty, and e-word-of-mouth (eWOM)] of customers. With attention to psychological influence, our empirical statistics also evidenced the mediating role of C-C identification between CSR engagement and behavioral intention of customers. This study highlights the significant role of CSR engagement in a critical period theoretically and offers businesses more open innovation strategies to compete against the COVID-19 pandemic-induced market downturn.

Social Business Model Innovation: A Quadruple/Quintuple Helix-Based Social Innovation Ecosystem

Abstract: Social innovation is related to new products, services, and models aiming to improve human well-being and create social relationships and collaborations. The business model innovation (BMI) context can foster social innovation and can be applied in social innovation projects and initiatives. What is important for social BMI is the social mission, which needs to be defined in order to be able to move forward with the strategy, the value proposition, and the best practices of the business. Based on the existing social innovation literature and case studies, this paper proposes an “ecosystem” approach that can provide an integrated framework for social business models. This approach adopts the quadruple/quintuple helix innovation models which are able to promote social innovation, enabling a locus-centric and triple-bottom-line-centric entrepreneurial process of knowledge discovery and exploitation. Such a framework may help to study the role, nature, and dynamics of social co-opetitive fractal ecosystems, given emphasis on civil society, political structures, environment, and sustainability. In addition, the social innovation case studies presented in this paper highlight that targeted open innovation is a key element for social BMI.

The intertwining of knowledge sharing and creation in the digital platform based ecosystem. A conceptual study on the lens of the open innovation approach

Abstract: Generally, there is a common sense to consider knowledge sharing and creation as two separate processes but a new matter emerges when those processes are intertwining. In this vein, this research aims to discuss on the lens of the open innovation (OI) model how such intertwining generates digital platform-based ecosystem.,The theoretical approach is used to largely discuss the intertwining of knowledge sharing and creation in the current digital era. It debates such scenario considering past and present studies and suggests future research streamlines.,It offers a new theoretical model that can be implemented in a micro, meso and macro level where the concept of “ba” (or ba-sho) assumes the form of a digital platform where knowledge sharing is in motion and dynamically interacts with the knowledge creation.,By discussing the intertwining of knowledge creation and sharing in OI context along with digital trends (e.g. platform innovation ecosystems and platform innovation management), the study offers a new conceptual framework that relies on such intertwining accompanied by the concept of “ba – sho.” In this vein, research limits and new research are suggested to demonstrate and support this conceptual study.