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Open innovation in (young) SMEs / Sascha Kraus; Norbert Kailer; Julia Dorfer; Paul Jones

The International Journal of Entrepreneurship and Innovation, Volume: 21, Issue: 1, Pages: 47 - 59

Swansea University Author: Paul, Jones

Abstract

The purpose of this article is to identify the role start-ups play in the OI (OI) context by reviewing the existing body of research. Since the OI literature on young ventures is nascent, a stepwise review approach is applied, using the already more evolved findings of small and medium sized enterpr...

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Published in: The International Journal of Entrepreneurship and Innovation
ISBN: 2043-6882
ISSN: 1465-7503 2043-6882
Published: UK Sage 2020
Online Access: Check full text

URI: https://cronfa.swan.ac.uk/Record/cronfa49161
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Abstract: The purpose of this article is to identify the role start-ups play in the OI (OI) context by reviewing the existing body of research. Since the OI literature on young ventures is nascent, a stepwise review approach is applied, using the already more evolved findings of small and medium sized enterprises (SMEs) in order to derive similarities or differences. The findings indicate that if empirical studies with a similar research focus are conducted, similar results are likely to be obtained in both SMEs and young ventures. Generally, young ventures have a higher application of OI activities compared to large firms as it boosts their innovation performance enabling them to overcome the liability of smallness and newness. Because of this importance, combined with the limited number of quantitative studies available, ongoing research is required to further understand young ventures role in the OI context.
Keywords: Open Innovation; SME; Young
Issue: 1
Start Page: 47
End Page: 59