SMEs and open innovation: Challenges and costs of engagement

Costa, Alessandra; Crupi, Antonio; Marco, Chiara Eleonora De; Minin, Alberto Di

doi:10.1016/j.techfore.2023.122731

Cited by 19 publications

(12 citation statements)

References 103 publications

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“…It can lead to conflicts within conventional core businesses and hinder firms' efforts to achieve economies of scale (Wang & Bansal, 2012). This issue tends to be more significant in SMEs due to their greater resource constraints compared to large firms (Costa et al, 2023;Lefebvre, 2022;Spithoven et al, 2013). In sum, by taking into the consideration of the lability of smallness, we suggest that the overall effects of green product innovation on economic returns for SMEs tend to be negative.…”

Section: Two Types Of Green Innovation and The Financial Performance ...mentioning

confidence: 85%

“…Some studies propose that green innovation can still augment the financial performance of SMEs (Le & Ikram, 2022;Lin et al, 2019). Conversely, others contend that the liability of smallness may impede the positive impacts of green innovation and amplify its negative consequences, potentially resulting in an overall decline in financial performance (Bos-Brouwers, 2009;Costa et al, 2023;Spithoven et al, 2013).…”

Section: Discussionmentioning

confidence: 99%

“…Some empirical studies have shown that green innovation continues to drive economic returns (Le & Ikram, 2022;Lin et al, 2019). However, contrasting evidence suggests that the favorable impacts of green innovation on financial performance might not extend to SMEs due to the issue known as the "liability of smallness" (Bos-Brouwers, 2009;Costa et al, 2023;Spithoven et al, 2013). The term "liability of smallness" refers to the disadvantages or challenges that SMEs may face in comparison to larger firms.…”

Section: The Economics Of Green Innovation In Smesmentioning

confidence: 99%

“…The implementation of green innovation relies on both generic resources, such as finance, and specialized resources, such as tacit knowledge (Jiang et al, 2018;Lazzarini, 2015). Compared to large firms, SMEs are naturally constrained by these resources (Costa et al, 2023;Mei et al, 2019;Spithoven et al, 2013). Moreover, due to the tacit nature of knowledge and the high uncertainty surrounding green innovation, it is challenging for managers to effectively communicate precise future outcomes to stakeholders (Honoré et al, 2015).…”

Section: Moderating Roles Of Economic Support and Predetermined Targetsmentioning

confidence: 99%

See 3 more Smart Citations

Can green innovation promote the financial performance of SMEs? Empirical evidence from China

Ji,

Zhou,

Wan

et al. 2023

Corp Soc Responsibility Env

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This paper contributes to the existing knowledge on the correlation between green innovation and financial performance among small and medium‐sized enterprises (SMEs). It examines the effects of two types of green innovation, specifically green product innovation and green process innovation, on the financial performance of SMEs. Additionally, it investigates the moderating role of economic support and predetermined targets, which are essential components of government subsidy programs, in relation to the aforementioned associations. Based on the panel dataset collected from Chinese manufacturing and energy industries covering the period of 2011–2021, the results show that (1) green product innovation may not positively impact the financial performance of SMEs; (2) green process innovation could enhance the financial performance of SMEs; (3) economic support may positively moderate the relationship between green process innovation and the financial performance of SMEs, while predetermined targets may negatively influence this relationship. These findings have considerable implications for practitioners, policymakers, and researchers in the industrial sector.

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Section: Two Types Of Green Innovation and The Financial Performance ...mentioning

confidence: 85%

Section: Discussionmentioning

confidence: 99%

Section: The Economics Of Green Innovation In Smesmentioning

confidence: 99%

Section: Moderating Roles Of Economic Support and Predetermined Targetsmentioning

confidence: 99%

See 2 more Smart Citations

Can green innovation promote the financial performance of SMEs? Empirical evidence from China

Ji,

Zhou,

Wan

et al. 2023

Corp Soc Responsibility Env

View full text Add to dashboard Cite

show abstract

“…However, the research on open innovation failures remains relatively sparse, presenting a notable gap in the existing literature. Of particular note in this field are the studies carried out by Costa et al (2023), who looked at the costs of engagement, and Bertello et al (2022), who explored the challenges of university-industry-government collaboration. Consequently, while there is a growing body of research on open innovation and its benefits, the focus has often leaned toward successful cases or larger corporations.…”

Section: Introductionmentioning

confidence: 99%

Causes of Failure of Open Innovation Practices in Small- and Medium-Sized Enterprises

Almeida

2024

Administrative Sciences

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The adoption of open innovation poses significant challenges that are important to explore. Studies in this field have mainly focused on exploring the causes of the failure of open innovation among large companies. This study addresses this research gap by employing a sample of 297 Portuguese small- and medium-sized enterprises (SMEs) to explore, through a quantitative study, whether the dimensions and causes of failure differ between large organizations and SMEs. A total of seven dimensions of causes of failure are considered, including strategy-related, organizational structure, organizational culture, knowledge and intellectual property management, management skill and action, resources, and interfirm collaboration. The findings reveal significant differences in four of these seven dimensions: the main causes of failure are related to the resources and management processes of open innovation in SMEs, while large companies face more challenges in the organizational structure and culture components. This study offers theoretical insights into the gaps in the literature to better understand the challenges facing open innovation. Furthermore, this study offers practical guidelines for SMEs to identify and mitigate these main obstacles, promoting better innovation management practices.

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Barriers and Strategies for Digital Marketing and Smart Delivery in Urban Courier Companies in Developing Countries

Boom-Cárcamo,

Molina-Romero,

Galindo-Angulo

et al. 2024

J Knowl Econ

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This study aims to analyze the impact of digital marketing on urban courier companies in the municipality of Valledupar, Colombia. It also aims to propose strategies for smart delivery in urban courier companies in developing countries and identify barriers to be overcome in these activities. A quantitative approach with a descriptive research design is used. Given the nested nature of the data, a correlation analysis was performed to gather information on the relationship between the variables studied and the strength and direction of those relationships. A correlation analysis was conducted to identify the correlation coefficient between two specific variables. The ordinary least squares (OLS) regression method examined the relationship between the dependent and independent variables. The results indicate that the use of social media has a significant positive impact on the dependent variable. In contrast, the use of email and websites does not show statistical significance. The proposed strategies include real-time tracking of shipments, personalized notifications, scheduled delivery, integration of augmented reality, use of smart lockers, and geolocation technology. As barriers to be overcome in urban courier activities in developing countries, the following are identified infrastructure limitations, limited access to technology, costs associated with technology adoption, digital divide and skills, and resistance to change. The study was conducted in small and medium-sized courier companies in developing countries, so the implications of the results should be generalized to only some companies worldwide. The research highlights the importance of developing digital marketing skills and addressing barriers to implementing smart delivery strategies. Strategies such as real-time tracking of shipments, personalized notifications, scheduled delivery, augmented reality integration, smart lockers, and geolocation technology are proposed. It is concluded that digital marketing can enhance urban courier services and provide competitive advantages to companies that adopt it. This study provides valuable insights to develop specific strategies and solutions that help improve the operational efficiency of urban courier companies, including website optimization, effective use of social media, and email, and increased visibility in search engines. It enhances service quality, providing a more satisfying customer experience and fostering customer loyalty. Additionally, it emphasizes the importance of developing engaging and relevant content and establishing effective communication with customers through digital channels.

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SMEs and open innovation: Challenges and costs of engagement

Cited by 19 publications

References 103 publications

Can green innovation promote the financial performance of SMEs? Empirical evidence from China

Can green innovation promote the financial performance of SMEs? Empirical evidence from China

Causes of Failure of Open Innovation Practices in Small- and Medium-Sized Enterprises

Barriers and Strategies for Digital Marketing and Smart Delivery in Urban Courier Companies in Developing Countries

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