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

Author

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  • Antonia Madrid-Guijarro

    (Universidad Politécnica de Cartagena, Cátedra de Emprendimiento Santander-UPCT)

  • Dominique Philippe Martin

    (Universités de Rennes)

  • Domingo García-Pérez-de-Lema

    (Universidad Politécnica de Cartagena, Cátedra de Emprendimiento Santander-UPCT)

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.

Suggested Citation

  • Antonia Madrid-Guijarro & Dominique Philippe Martin & Domingo García-Pérez-de-Lema, 2021. "Capacity of open innovation activities in fostering product and process innovation in manufacturing SMEs," Review of Managerial Science, Springer, vol. 15(7), pages 2137-2164, October.
    • Handle: RePEc:spr:rvmgts:v:15:y:2021:i:7:d:10.1007_s11846-020-00419-8
    DOI: 10.1007/s11846-020-00419-8
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    Cited by:

    1. Wang, Xinxin & Qin, Yong & Xu, Zeshui & Škare, Marinko, 2022. "A look at the focus shift in innovation literature due to Covid-19 pandemic," Journal of Business Research, Elsevier, vol. 145(C), pages 1-20.
    2. Antonio Duréndez & Julio Dieguez-Soto & Antonia Madrid-Guijarro, 2023. "The influence of CEO’s financial literacy on SMEs technological innovation: the mediating effects of MCS and risk-taking," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-26, December.
    3. Omar Carrasco-Carvajal & Mauricio Castillo-Vergara & Domingo García-Pérez-de-Lema, 2023. "Measuring open innovation in SMEs: an overview of current research," Review of Managerial Science, Springer, vol. 17(2), pages 397-442, February.
    4. Zoppelletto, Alessia & Orlandi, Ludovico Bullini & Zardini, Alessandro & Rossignoli, Cecilia & Kraus, Sascha, 2023. "Organizational roles in the context of digital transformation: A micro-level perspective," Journal of Business Research, Elsevier, vol. 157(C).
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    More about this item

    Keywords

    Open innovation; Risk-taking; Innovation strategy; SMEs; Human capital;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General

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