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Open innovation in specialized SMEs: the case of supercars
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.).
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.).
2017 (English)In: Business Process Management Journal, ISSN 1463-7154, E-ISSN 1758-4116, Vol. 23, no 6, p. 1167-1195Article in journal (Refereed) Published
Abstract [en]

Purpose - The purpose of this paper is to explore the influence that adopting open innovation (OI) has on the innovativeness and performance of specialized small and medium-sized enterprises (SMEs). This paper also examines the adoption of OI within a firm's practices and models, and within the three dimensions of firm sustainability. Design/methodology/approach - Survey data from 48 specialized SMEs manufacturing supercars were analyzed using partial least squares structural equation modeling. SmartPLS software was used to conduct a path analysis and test the proposed framework. Findings - The findings suggest that high adoption of OI models tends to increase firm innovativeness. Similarly, the adoption of OI practices has a positive effect on innovativeness but to a lesser extent than OI models. The moderation results of innovativeness further show that OI models and practices can benefit the performance of SMEs. Specifically, two dimensions of performance - environmental and social performance - were found to be greatly influenced by OI. Research limitations/implications - Due to parsimony in the investigated model, this study only focuses on OI adoption as practices and models without considering its drivers or other contingency factors. Practical implications - This paper could help practitioners in SMEs better understand the benefits of adopting OI to be more innovative but also more sustainable. Originality/value - This study contributes to the literature on the role of OI practices and models regarding the dimensions of firm sustainability performance by being the first paper to investigate this relationship in the context of small and medium manufacturers of supercars.

Place, publisher, year, edition, pages
EMERALD GROUP PUBLISHING LTD , 2017. Vol. 23, no 6, p. 1167-1195
Keyword [en]
SMEs, Open innovation, Firm performance, PLS-SEM, Innovativeness, Supercars
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:kth:diva-217770DOI: 10.1108/BPMJ-10-2016-0211ISI: 000414170400006Scopus ID: 2-s2.0-85032497678OAI: oai:DiVA.org:kth-217770DiVA, id: diva2:1158913
Note

QC 20171121

Available from: 2017-11-21 Created: 2017-11-21 Last updated: 2017-11-21Bibliographically approved

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