Open Innovation in Industry 4.0—A Risk Assessment Framework for SMEs

Anes, Vítor; Abreu, António; Dias, Ana; Marques, Pedro Rocha; Morgado, Teresa

doi:10.1007/978-3-030-94617-3_21

Cited by 2 publications

(2 citation statements)

References 23 publications

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“…However, strategies such as being accessed the open innovation network through digitalization may jeopardize SMEs' survival [42]. Problems such as loss of bargaining power over suppliers, unstable partnerships in coordination, loss of competitive advantages in competition would highly occur by being exposed themselves to more uncertain global economic markets [43].…”

Section: Different Types Of Risksmentioning

confidence: 99%

“…One of the most common ways is to directly evaluate risks in adoption of digital technology. In order to get a better understanding of what are the crucial factors that influence SMEs to implement digital transformation strategies, researchers adopted the fuzzy-analytical hierarchy process to identify and prioritize the critical risks connected to digitalization [60], which helped enterprises optimize process planning and support decision making [43]. SWOT analysis have also been conducted to define risk factors closely related to SMEs' objective functions [61][62] [63].…”

Section: Risk Management Strategiesmentioning

confidence: 99%

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Digital Transformation and Risk Management for SMEs: A Systematic Review on Available Evidence

Wang

2023

AEMPS

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Small and medium enterprises (SMEs) are acknowledged as key drivers to economic growth and social development worldwide. Digitalization brings opportunities as well as challenges to SMEs. Therefore, it is of great significant for SMEs to identify, assess and manage potential risks in digitalization. This study aimed to provide a systematic literature review (SLR) of available research evidence on risk management in SMEs under the digital transformation. Through SLR, a search on Web of Science (WOS) as well as Scopus resulted in the acceptance of 67 peer-reviewed papers published from 2017 to 2023. The results showed that SMEs are mainly concerned with covid-19 crises and supply chain risks, technological and security risks and organizational risks. By adopting various methods to testify risks, management strategies such as strengthening organizational learning, technological and resilient capabilities, implementing cybersecurity governance and IR compliance, adopting safety management tools, participating public support and initiating educational training courses are suggested for SMEs to achieve a successful digital transformation. This research may help researchers as well as practitioners deepen their knowledge in SMEs risk management under digitalization.

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Section: Different Types Of Risksmentioning

confidence: 99%

Section: Risk Management Strategiesmentioning

confidence: 99%

Digital Transformation and Risk Management for SMEs: A Systematic Review on Available Evidence

Wang

2023

AEMPS

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SME and Startup Collaboration in the Context of Open Innovation Projects: SMEs’ Digital Transformation

Bereczki,

Füller

2024

Int. J. Innovation Technol. Management

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In order to achieve successful open innovation partnerships, small- and medium-sized enterprises (SMEs) need to choose very carefully whom they partner with. Open innovation has gained significant attention as a strategy for organizations to leverage external knowledge and resources to foster innovation and competitiveness. However, few studies have examined the dynamics of open innovation partnerships between startups and SMEs. This study adopts a qualitative research approach, employing multiple case studies to gather data. We mapped the reasons German medium-sized enterprises chose to partner with startups, enumerated the benefits and challenges they encountered during the projects, and uncovered the keystones of successful open innovation partnerships. Furthermore, our findings led to the discovery that startups can help SMEs to become more digital. Finally, we suggest future research topics in this field.

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Open Innovation in Industry 4.0—A Risk Assessment Framework for SMEs

Cited by 2 publications

References 23 publications

Digital Transformation and Risk Management for SMEs: A Systematic Review on Available Evidence

Digital Transformation and Risk Management for SMEs: A Systematic Review on Available Evidence

SME and Startup Collaboration in the Context of Open Innovation Projects: SMEs’ Digital Transformation

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