Technological capabilities, open innovation, and eco-innovation: Dynamic capabilities to increase corporate performance of SMEs

Currently, small and medium enterprises (SMEs) play a leading role in most of the world's economies. For this reason, they seek technological competitiveness and improvement of their innovation activities. In this context, open innovation and eco-innovation are important elements to achieve the...

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Bibliographic Details
Published in:Journal of open innovation 2021, Vol.7 (1), p.1-19, Article 8
Main Authors: Valdez-Juárez, Luis Enrique, Castillo-Vergara, Mauricio
Format: Article
Language:English
Subjects:
Business models
Decision making
Disruptive innovation
eco-innovation
Emerging markets
Globalization
Hypotheses
Innovations
Multivariate statistical analysis
open innovation
Product development
R&D
Research & development
Small & medium sized enterprises-SME
Small business
SMEs
Social networks
Sustainability
technological capabilities
Technology
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Summary:Currently, small and medium enterprises (SMEs) play a leading role in most of the world's economies. For this reason, they seek technological competitiveness and improvement of their innovation activities. In this context, open innovation and eco-innovation are important elements to achieve these goals. With this background, the purpose of this paper is to analyze the relationship between technological capability, open innovation, and eco-innovation in corporate performance, testing a structural equation model using SmartPLS in a sample of 684 small and medium-sized companies in Mexico. The main results show that technological capability significantly influences open innovation and eco-innovation practices, not directly in corporate performance, but through open innovation or eco-innovation. Our results also confirm the positive effects that eco-innovation and open innovation have on SMEs' corporate performance. These results have important implications in the literature on dynamic capabilities that have not been previously tested. For companies and decision-makers, it shows why these practices in small and medium-sized companies should be encouraged.
ISSN:2199-8531
2199-8531
DOI:10.3390/joitmc7010008