Business-to-business open innovation: COVID-19 lessons for small and medium-sized enterprises from emerging markets

Markovic, Stefan; Koporcic, Nikolina; Arslanagić-Kalajdžić, Maja; Kadić-Maglajlić, Selma; Bagherzadeh, Mehdi; Islam, Nazrul

doi:10.1016/j.techfore.2021.120883

Cited by 125 publications

(126 citation statements)

References 32 publications

(38 reference statements)

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“…The COVID-19 pandemic has forced SMEs to innovate, entrepreneurs have had to work remotely, and processes have had to be rapidly transformed. Hence, innovation is important for strengthening and promoting SMEs (Markovic et al, 2021). Currently, SMEs introduce innovation by implementing new or different strategies (Van Auken et al, 2008).…”

Section: Literature Review and Research Frameworkmentioning

confidence: 99%

“…However, innovating during crises can be difficult as it requires quick and decisive actions, often with limited resources (Chesbrough, 2020;Wenzel et al, 2021). Due to time and resource constraints during crisis periods, firms increasingly engage in innovation activities (Markovic et al, 2021;Chesbrough, 2020;Dahlander & Wallin, 2020). In periods of crisis, such as the COVID-19 pandemic, companies must gain access to such resources in a timely manner in order to be able to develop relevant innovations before it is too late (e.g., Chesbrough, 2020).…”

Section: Introductionmentioning

confidence: 99%

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Innovation among entrepreneurial SMEs during the COVID-19 crisis in Iran

Auken

Ardakani

Carraher³

et al. 2021

SBIR

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COVID-19 is affecting the development of the global economy and threatening the survival of SMEs worldwide. In light of the current situation, this paper examines the factors affecting product and process innovation in SMEs during the COVID-19 crisis. We carried out a simple random sample of 185 SME entrepreneurs in Ardakan, Iran, using a multivariate regression analysis. The results showed that experience is one of the most important factors affecting innovation. Organization size and age were negatively associated with process innovation during the current crisis. Moreover, the findings reveal that training to facilitate cooperation as well as higher commitment to R&D can lead to greater innovation. An important conclusion is that, during the COVID-19 pandemic, government efforts to encourage SMEs to create new products helped them to withstand the crisis. The study suggests that, during the COVID-19 crisis, embracing innovation as a core organizational value helped SMEs to remain competitive.

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Section: Literature Review and Research Frameworkmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Innovation among entrepreneurial SMEs during the COVID-19 crisis in Iran

Auken

Ardakani

Carraher³

et al. 2021

SBIR

View full text Add to dashboard Cite

show abstract

“…According to Hernández-Espallardo and Delgado-Ballester (2009), innovation is essential to improve company performance. Markovic et al (2021) stated that SMEs tend to choose the right business partners to realize appropriate innovations during the pandemic. The selection of external partners is an essential factor in increasing open business-to-business innovation management (Bigliardi & Galati, 2016).…”

Section: Introductionmentioning

confidence: 99%

“…Furthermore, collaboration built with competitors, distributors, suppliers, research institutions is needed (Bagherzadeh et al, 2021). Markovic et al (2021) stated that collaboration with customers provides the necessary resources to develop innovations suitable for the end market.…”

Section: Introductionmentioning

confidence: 99%

The Bamboo Business in Tasikmalaya, Indonesia, During the COVID-19 Pandemic

Widiyanto¹,

Suhartono²,

Utomo

et al. 2021

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Globally, various sectors were adversely affected by the emergence of the COVID-19 pandemic. Therefore, this study aims to determine the economic condition of bamboo craftsmen in Mandalagiri Village, Leuwisari District, Tasikmalaya Regency, West Java Province, Indonesia. This is an in-depth research with data obtained by interviewing 35 bamboo craftsmen with various products and production scales. The results showed that craftsmen were not economically affected by the pandemic rather by the central government-stipulated regulation on social distancing, which led to their inability to transport their product from Tasikmalaya to Jakarta and other regions. However, since the government lifted the ban, their income has increased by an average of 2%. The result further showed that the main factor that keeps craftsmen from being negatively affected by the pandemic is the increasing online market demand supported by the availability of raw materials and the ability to adapt to various new model products. Other factors linked to the national market and products answer the demand of the modern market in the cities. Meanwhile, the main factors that positively affect the craftsmen's income are age and marital status.

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“…They employ around 100 million people, generate more than half of Europe's GDP and play a key role in creating added value in every sector of the economy. SMEs offer innovative solutions to challenges such as climate change, resource efficiency and social cohesion, and also help spread this innovation across Europe's regions (Markovic et al, 2021). Therefore, they play a key role in the EU's dual transition to a sustainable and digital economy.…”

Section: Introductionmentioning

confidence: 99%

Public Aid and Entrepreneurship During the Covid-19 Pandemic in the European Union Countries

Jabłońska

Stawska

Dziuba

et al. 2021

FiPF

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The aim of the article: The outbreak of the Covid-19 pandemic made it necessary to involve the state in the process of rescuing numerous business entities from bankruptcy. In the European Union, the aid measure for entrepreneurs takes a form of public aid, which, as it turns out, is the necessary and the only tool to protect SME sector enterprises against bankruptcy. Social isolation caused by the virus that spread on a large scale effectively inhibited the development of entrepreneurship, which is inherently related to the economic development of countries. The aim of the article is therefore to indicate that supporting entrepreneurs within the framework of public aid may help to reverse the unfavorable economic trends related to the disturbed development of entrepreneurship. Methodology: The article analyzes and assesses the government solutions introduced to the Polish economic reality, the purpose of which is to counteract the effects of Covid-19. The paper presents the current public aid tools available to entrepreneurs along with their financial dimension. Results of the research: State aid granted by the state to entrepreneurs during the crisis caused by Covid-19 is indispensable for their further functioning. The paper presents aid instruments related to COVID-19 that are available to entrepreneurs. The analysis shows that public aid addressed to entrepreneurs injured as a result of the lockdown comes from many sources and is almost tailored to the individual entrepreneur. The entities providing aid on the basis of state aid include: banks, local government units, executive bodies of local government units, Social Insurance Fund, State Fund for Rehabilitation of Disabled People, financial intermediaries, bodies constituting local government units, the European Investment Bank, Polish Development Fund, district and voivodeship labor offices and BGK (Bank Gospodarstwa Krajowego). Having prepared a package of systemic solutions, the government introduced them systematically, depending on the situation of individual sectors of the economy. Special solutions in the form of financial shields were addressed directly to the tourism sector (e.g. loans for tour operators) or the catering sector, which in the face of the pandemic were most exposed to a decrease in revenues. The impact of introduced solutions on the country’s economy can be assessed only in the next few years, but the multitude and diversified nature of the anti-crisis solutions introduced in Poland will certainly contribute to slowing down the negative consequences of Covid-19 in the economy.

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Business-to-business open innovation: COVID-19 lessons for small and medium-sized enterprises from emerging markets

Cited by 125 publications

References 32 publications

Innovation among entrepreneurial SMEs during the COVID-19 crisis in Iran

Innovation among entrepreneurial SMEs during the COVID-19 crisis in Iran

The Bamboo Business in Tasikmalaya, Indonesia, During the COVID-19 Pandemic

Public Aid and Entrepreneurship During the Covid-19 Pandemic in the European Union Countries

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