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Open Innovation Within the Low-Technology SME Sector

In: RESEARCHING OPEN INNOVATION IN SMEs

Author

Listed:
  • Lawrence Dooley
  • David O’Sullivan

Abstract

Innovation studies have focused in the main on so called high technology (HT) firms that demonstrate a culture of continuous innovation evidenced by steady growth rates and profitability. HT firms invest significantly in R&D. Less explored are the significant number of so-called low-to-medium technology (LMT) firms and in particular those defined as small-to-medium sized enterprises (SMEs). Despite their low investment in R&D and relatively small size, LMT–SME firms continuously adapt and innovate to maintain a measure of growth and profitability. These firms that make up the majority of firms in developed economies have developed their own very different routines and practices that match their own particular needs and adapt to their own particular competitive environment. These routines include agile and continuous innovation and a focus on processes and services. These practices when studied and shared provide learning opportunities within the sector as a whole. This chapter presents the routines and practices of innovation within a number of case studies from the LMT–SME sector and in particular their agile approaches towards open innovation.

Suggested Citation

  • Lawrence Dooley & David O’Sullivan, 2018. "Open Innovation Within the Low-Technology SME Sector," World Scientific Book Chapters, in: Wim Vanhaverbeke & Federico Frattini & Nadine Roijakkers & Muhammad Usman (ed.), RESEARCHING OPEN INNOVATION IN SMEs, chapter 8, pages 249-271, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813230972_0008
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    Citations

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    Cited by:

    1. Weidner, Nadia & Som, Oliver & Horvat, Djerdj, 2023. "An integrated conceptual framework for analysing heterogeneous configurations of absorptive capacity in manufacturing firms with the DUI innovation mode," Technovation, Elsevier, vol. 121(C).
    2. Barrett, Gillian & Dooley, Lawrence & Bogue, Joe, 2021. "Open innovation within high-tech SMEs: A study of the entrepreneurial founder's influence on open innovation practices," Technovation, Elsevier, vol. 103(C).
    3. Bertello, Alberto & De Bernardi, Paola & Ferraris, Alberto & Bresciani, Stefano, 2022. "Shedding lights on organizational decoupling in publicly funded R&D consortia: An institutional perspective on open innovation," Technological Forecasting and Social Change, Elsevier, vol. 176(C).

    More about this item

    Keywords

    Open Innovation; SME; Entrepreneur; Innovation Ecosystem; Licensing; Ip; Collaboration; Market Partner; Partnerships; Innovation Management; Business Model;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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