Management Practice in Small and Medium-Sized Enterprises: Problems and Solutions from the Perspective of Open Innovation

Millers, Māris; Gaile-Sarkane, Elīna

doi:10.3390/joitmc7040214

Cited by 9 publications

(8 citation statements)

References 24 publications

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“…Because it permanently stores transaction history at every node of the blockchain, BT allows anyone to see the records of each transaction they conduct [6,8,12,23]. Furthermore, because blockchain transactions are recorded using public and private keys (i.e., lengthy strings of characters that no one can read), persons can opt to remain anonymous in order to safeguard their privacy while allowing other parties to authenticate their identity [6,10,24].…”

Section: Literature Review and Hypothesis Development 21 Blockchain A...mentioning

confidence: 99%

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Blockchain Technology as a Game Changer for Green Innovation: Green Entrepreneurship as a Roadmap to Green Economic Sustainability in Peru

Polas

Kabir

Sohel-Uz-Zaman

et al. 2022

Journal of Open Innovation: Technology, Market, and Complexity

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Blockchain technology has been heralded as a game changer for addressing severe environmental and economic sustainability challenges. In response to rising environmental concerns, blockchain technology (BCT) is transforming green innovation, culminating in green economic practices and well-established business models. Recognizing this, we investigated the role of blockchain technology in green innovation practices and its impact on green economic sustainability, which has an impact on green environmental sustainability. Moreover, 184 small- and medium-sized enterprises (SMEs) were surveyed in Lima, Peru. Data for this cross-sectional study were gathered using stratified random sampling. The positivist approach was implemented using a statistical induction method. Prior studies’ research constructs were measured using validated measurement scales. For quantitative data analysis, using the partial least squares structural equation modeling (PLS-SEM) framework, this study provided two key findings. First, sustainability orientation and sustainability attitude have a positive and significant effect on the adoption of green innovation that employs green energy (solar) technology towards a sustainable green economy. Second, the intention to use blockchain technology mediates the relationship between sustainability orientation and social perception with the adoption of green innovation that employs green energy (solar) technology towards a sustainable green economy. We recommend that small- and medium-sized enterprises embrace green innovation and blockchain technology to protect the environment and boost community cohesiveness.

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Section: Literature Review and Hypothesis Development 21 Blockchain A...mentioning

confidence: 99%

“…It has been discovered that those who consider supporting sustainability while conceiving the activities have a strong appreciation for the movement [11,12,24,33]. A business strategy that integrates environmental and cultural issues is referred to as "sustainable orientation" [27].…”

Section: Sustainability Orientationmentioning

confidence: 99%

Blockchain Technology as a Game Changer for Green Innovation: Green Entrepreneurship as a Roadmap to Green Economic Sustainability in Peru

Polas

Kabir

Sohel-Uz-Zaman

et al. 2022

Journal of Open Innovation: Technology, Market, and Complexity

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“…From another perspective, it is important to analyze the developed decision support model from the viewpoint of complexity science and open innovation. This area of knowledge has deep application and novel approaches for problem solving in a wide range of domains-for instance, technology transfer performance [92]; adoption of new technologies, such as blockchain, big data, artificial intelligence, 3D printing, and virtual and augmented reality [93,94]; dynamics of business models [95][96][97]; quality analysis of complex products [98,99]; performance of corporate entrepreneurship [100][101][102]; design rules and modular architectures [103]; digital transformation in the banking sector [104]; and R&D innovation [105,106].…”

Section: A Bid/mark-up Decision Support Model and Open Innovation Dyn...mentioning

confidence: 99%

A Bid/Mark-Up Decision Support Model in Contractor’s Tender Strategy Development Phase Based on Project Complexity Measurement in the Downstream Sector of Petroleum Industry

Faraji

Rashidi

Eftekhari

et al. 2022

Journal of Open Innovation: Technology, Market, and Complexity

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The tender process is an inseparable step of the contract award process in the public sector, and from the other point of view, it is one of the crucial elements of the core business of construction contractors. Reviewing previous research reveals a gap in the application of a project’s detailed features and historical data to support the bid/no-bid decision and to determine the cost and time contract mark-ups. In this study, a prescriptive project complexity-based model is proposed to support the bid decision in the tender strategy development phase of a contractor for the downstream sector of the petroleum industry in Iran. For this purpose, regression analysis of historical data is adopted to configure the model and to infer from previous actual trends by exploring relationships between the contractor’s bid decision and proposed mark-ups with the project’s inherent and surrounding complexity factors. Hence, using experts’ opinions and historical data from 139 previous contracts as training and test data, a model was developed to make a decision on a bid and mark-up problem. The results of the model validation show that the credibility of the model is 74.67% and 75.36% for time and cost, respectively, and the reliability of model outputs is approximately 90% overall in predicting the bid mark-ups in accordance with the project complexity index (PCI). The main contribution of this research to current knowledge has two aspects: utilizing the complexity concept for the tender problem in the form of a project complexity index (PCI) and considering both time and cost mark-ups (TMU–CMU) in the contractor’s bid simultaneously. In addition, the results show that the more complex the project is, the higher the bid rate is.

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“…The knowledge produced in innovation environments can be the answers or solutions to current problems, enabling companies, organized societies, and public authorities to apply them, generating and capturing value [25]. This highlights how these environments must be dynamic to develop different types of innovation and solutions, spreading the concept of open innovation [69]. The innovation and technology environments, aside from potentiating open innovation in different areas, also create a collaborative network between universities and companies [64].…”

Section: Worldwide Innovation Environment and Open Innovationmentioning

confidence: 99%

Worldwide Innovation and Technology Environments: Research and Future Trends Involving Open Innovation

Baierle

Siluk

Gerhardt

et al. 2021

Journal of Open Innovation: Technology, Market, and Complexity

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Innovation environments are places where open innovation and technology are boosted. The purpose of this paper is to present the evolution of innovation and technology environments through the most covered topics in the scientific literature. In this sense, technology transfer has been the subject of research since 1975; however, in the period from 2006–2021, the focus shifted to innovation. It was possible to observe an exponential growth of the term, “innovation”, but it is no longer the central theme and is linked to different terms related to different ways of innovating, characterizing open innovation variables. In this article, 4650 academic studies involving innovation environments were reviewed. The analysis identified the nomenclatures that characterized innovation environments and the particularities of these environments. The contributions, such as which countries developed more research in this area, and the analysis of which environments were more common in these countries were also presented. Additionally, some methodological and theoretical gaps in the current research were identified, providing pathways to support future research and practices seeking a better understanding and development of innovation environments. This article can also serve as a basis for a consultation for members of the quadruple helix, who wish to install or create environments for innovation and attract companies or investments to develop any open innovation activity.

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Management Practice in Small and Medium-Sized Enterprises: Problems and Solutions from the Perspective of Open Innovation

Cited by 9 publications

References 24 publications

Blockchain Technology as a Game Changer for Green Innovation: Green Entrepreneurship as a Roadmap to Green Economic Sustainability in Peru

Blockchain Technology as a Game Changer for Green Innovation: Green Entrepreneurship as a Roadmap to Green Economic Sustainability in Peru

A Bid/Mark-Up Decision Support Model in Contractor’s Tender Strategy Development Phase Based on Project Complexity Measurement in the Downstream Sector of Petroleum Industry

Worldwide Innovation and Technology Environments: Research and Future Trends Involving Open Innovation

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