A Critical Review of Open Innovation in SMEs: Implementation, Success Factors and Challenges

Wibisono, Eristian

doi:10.14203/stipm.2021.308

Cited by 3 publications

(3 citation statements)

References 63 publications

(87 reference statements)

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“…Referring to the literature review method by Wibisono (2021), I started this research by conducting a simple bibliometric analysis using the main database, Web of Science, then performing a research network analysis using the VOS Viewer software. I apply the keywords "innovation; polic*; qualitative; quantitative; mix*; method*" to collect article data and exclude other kinds of documents.…”

Section: Methodsmentioning

confidence: 99%

The Expansion of Qualitative Research Methods in Innovation Policy Studies

Wibisono¹

2022

STIPM Journal

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AbstractThis paper intends to provide a general description of the position of a qualitative approach in the study of innovation policy and its possible expansion based on the experiences of experts from other disciplines. There is an important and urgent matter about improving young researchers' methodological skills in understanding complex innovation studies. By understanding and mastering various methodological skills, individual researchers, groups, or innovation study communities can provide comprehensive interpretations and insights from unit analysis to draw accurate conclusions in response to phenomena and planned research questions. Some of the research approaches suggested in this paper, namely ethnographic research and action research, require additional research skills in the field. The ethnographic approach and the participant approach allow young researchers to influence the research design by involving participants in the research in a planned manner. Therefore, it is appropriate to use a participatory approach as methodological enrichment in innovation studies. An ethnographic approach will benefit from the perspective of the innovation policy group. The qualitative approach described in this paper can be used in mixed methods, along with quantitative methods. Keywords: qualitative methods, mixed-methods, innovation, policy studies

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Section: Methodsmentioning

confidence: 99%

The Expansion of Qualitative Research Methods in Innovation Policy Studies

Wibisono¹

2022

STIPM Journal

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“…The study found two contingency factors that mediate the relationship between the variables under study such as external country or regional institutions and internal characteristics of the firm such as human capital, size, and experienced professionals. Wibisono (2021) opined that it is challenging to compare the empirical findings of individual OI literature since the outcomes are fragmented. The implementation of OI in SMEs is not only complex, but also may bring several risks such as financial and managerial constraints and information access.…”

Section: Open Innovationmentioning

confidence: 99%

An overview on the crucial nature of innovation strategies for sustainable businesses

Anjum

2023

IJCMS

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and the motivation to innovate (Schmuck and Benke, 2020). According to Baláž et al. (2023), a company's innovation strategy remains a prominent mediator of capability development and accordingly the firm's economic performance. The economic and financial performance of a firm get directly or indirectly influenced by its innovation capability. The direct outcomes include the generation of new products or services while the indirect outcomes

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“…Collaboration between firms is necessary to achieve success regarding innovation. (Wibisono, 2021). Yao, Wang, Yu and Guchait (2019) found that open innovation is positively influenced by external knowledge.…”

Section: Theoretical Reviewmentioning

confidence: 99%

The Performance of Small and Medium Sized Enterprises (SMEs) in Punjab: A Moderating Role of Corporate Image

Bano,

Nawaz,

Ahmad

et al. 2023

BBE

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The main purpose of this study is to check the factors affecting the performance of Small and Medium Sized Enterprises (SMEs) in Punjab. These factors include quality certification, open innovation, organizational culture and corporate philanthropy. Moreover, to check the moderating effect of corporate image between corporate philanthropy and SMEs’ performance. Quantitative research approach is used in this study because it is based on primary quantitative data which is collected by adapted questionnaire. Managerial level employees of SMEs located in Lahore were selected as population. Simple Random Sampling technique was used to collect data. Reliability and validity of model was checked and hypotheses were tested by using SMART PLS-SEM. The results of this study revealed that quality certification, open innovation, organizational culture and corporate philanthropy positively and significantly related to SMEs’ performance. Moreover, moderating variable, corporate image significantly moderates the relationship between corporate philanthropy and SMEs’ performance. Above mentioned practices play key role in boosting the performance of SMEs in Punjab, Pakistan. The results of this study are significant for the strategists, policy makers, managers and owners of SMEs located in Punjab, Pakistan or elsewhere. Results suggested them to incorporate such practices for enhancing their businesses’ performance. It will ultimately enhance the contribution of SMEs in the growth of economy.

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A Critical Review of Open Innovation in SMEs: Implementation, Success Factors and Challenges

Cited by 3 publications

References 63 publications

The Expansion of Qualitative Research Methods in Innovation Policy Studies

The Expansion of Qualitative Research Methods in Innovation Policy Studies

An overview on the crucial nature of innovation strategies for sustainable businesses

The Performance of Small and Medium Sized Enterprises (SMEs) in Punjab: A Moderating Role of Corporate Image

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