“…Our study highlights that IO reflects to organization’s openness to new ideas and propensity to change through adopting new technologies, resources and skills in the dynamic environment to foster firm growth (Chesbrough, 2006; Dasgupta, Gupta, & Sahay, 2011; Hurley & Hult, 1998; Verma et al, 2013; Zhou et al, 2005). Reviewed literature (Capon et al, 1990; Deshpande et al, 1993, 1997; Manu, 1992; Manu & Sriram, 1996; Zhou et al, 2005a, 2005b) suggests that IO is linked to business performance.…”