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Review of Managerial Science

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20.11.2020 | Original Paper

Capacity of open innovation activities in fostering product and process innovation in manufacturing SMEs

verfasst von: Antonia Madrid-Guijarro, Dominique Philippe Martin, Domingo García-Pérez-de-Lema

Erschienen in: Review of Managerial Science | Ausgabe 7/2021

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Abstract

The purpose of this research is to study whether open innovation practices in SMEs favour technological innovations and the drivers of these. We propose a model of SME open innovation based on human capital (HC) approach and the commitment to learning with an emphasis on the risk taking and the formalization of an innovation strategy. The results, on a sample of 267 SMEs, show that a manager’s attitude to risk-taking and the formalization of an innovation strategy are the most important variables which promote SME open innovation. Innovation strategy formalization leverages the impact of HC and commitment to learning on open innovation, identifying an important mediating effect. Finally, open innovation activities promote product and process innovation, although this effect is greater for outbound activities. These findings have important implications for both managers and policy-makers.

Vorheriger Artikel Technological capacity and organisational ambidexterity: the moderating role of environmental dynamism on Portuguese technological SMEs

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Titel: Capacity of open innovation activities in fostering product and process innovation in manufacturing SMEs
verfasst von: Antonia Madrid-Guijarro
Dominique Philippe Martin
Domingo García-Pérez-de-Lema
Publikationsdatum: 20.11.2020
Verlag: Springer Berlin Heidelberg
Erschienen in: Review of Managerial Science / Ausgabe 7/2021
Print ISSN: 1863-6683
Elektronische ISSN: 1863-6691
DOI: https://doi.org/10.1007/s11846-020-00419-8

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The impact of oil price and exchange rate on momentum strategy profits in stock market: evidence from oil-rich developing countries

User preferences for coworking spaces; a comparison between the Netherlands, Germany and the Czech Republic

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