Change search
ReferencesLink to record
Permanent link

Direct link
Open Innovation Activity for Product Development in SMEs
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Business Development and Entrepreneurship.
2012 (English)Independent thesis Advanced level (degree of Master (One Year)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

Open innovation opens up organizational boundaries so that a company can use and combine internal and external knowledge to develop and commercialize its own innovations, and can take its internal knowledge to market through external channels to generate additional value.

There are many studies on large companies that use open innovation in order to develop their products, and keep up with rapid economic changes which affect their businesses. However there are not many studies on small- and medium-sized enterprises (SMEs) in terms of open innovation.

SMEs are crucially important in global economy and innovation. They account for a large proportion in the global economy and create a large number of employment opportunities. They are more innovative than larger companies due to their flexibility and ability to quickly and efficiently integrate inventions created by their development activities. Nonetheless they lack of resources and appropriate structures. Accordingly innovation processes and strategies used for product development by large companies may not be appropriate for them.

This study examines if SMEs should adopt open innovation activities for their product development and suggests that SMEs should adopt open innovation activities as complementary approaches to their internal R&D for their product development.

Place, publisher, year, edition, pages
2012. , 36 p.
Examensarbete INDEK, 2012:54
Keyword [en]
Open Innovation, SME
National Category
Economics and Business
URN: urn:nbn:se:kth:diva-97928OAI: diva2:534463
Subject / course
Entrepreneurship and Innovation Management
Educational program
Master of Science - Entrepreneurship and Innovation Management
Social and Behavioural Science, Law
Available from: 2012-06-29 Created: 2012-06-15 Last updated: 2012-10-16Bibliographically approved

Open Access in DiVA

Thesis(176 kB)1028 downloads
File information
File name FULLTEXT01.pdfFile size 176 kBChecksum SHA-512
Type fulltextMimetype application/pdf

Search in DiVA

By author/editor
Kuhakarn, Ravinda
By organisation
Business Development and Entrepreneurship
Economics and Business

Search outside of DiVA

GoogleGoogle Scholar
Total: 1028 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 661 hits
ReferencesLink to record
Permanent link

Direct link